Welcome to Our Almost Famous Gold Newsletter with Richard Schwary, written regularly after the CME close. This commentary will look at the gold, silver, platinum and palladium markets and consider what happened to create these changes on the trading floor. It will also offer world class commentary from other sources in a balanced and straightforward manner.
This Almost Famous Gold Newsletter is not designed to sell products or hype markets. It will offer an opinion about market direction from an old time bullion dealer with 37 years of physical trading experience.
Our Almost Famous Gold Newsletter will sometimes include talk about bullion premiums, why they change and how this affects public choices. And, on occasion we will remind readers to be careful about some “so-called” bullion products offered by telemarketers today.
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The Gold Newsletter Week in Review
Gold Higher over World Tension Commentary for Thursday, May 23, 2019 – Gold closed up $11.20 at $1284.80 today. It was steady overnight in both Hong Kong and London but broke higher in the domestic trade – pushing through $1285.00 most likely on a case of the jitters. I watched House Speaker Pelosi this morning […]
Gold Remains Sleepy Commentary for Wednesday, May 22, 2019 – Gold closed up $1.60 today at $1273.60 in another round of quiet trading. I don’t think anyone has a solid idea of gold’s direction at the moment. The general feel is probably somewhat negative simply because technically gold looks weak. The FOMC minutes, as usual […]
Gold Weakens Commentary for Friday, May 17, 2019 – Gold closed down $10.50 today at $1274.50. It was pretty steady in overnight Hong Kong and London trading but moved quickly lower in the early domestic trade. So we may be looking at continued momentum selling from Thursday’s big $11.30 drop in gold as the trade […]
Gold Flirts with $1300.00 Again Commentary for Wednesday, May 15, 2019 – Gold closed up $1.60 today at $1296.30 in another round of choppy trading. This pricing pattern should be familiar by now – gold sold off in early trading – moved higher after the sell-off and finally settled around unchanged – trading range – about […]
Gold – Where is the Buzz? Commentary for Friday, May 10, 2019 – Gold closed up $2.20 at $1285.70 today. The possibility (or reality) of trade wars has not created much interest in the metals – another expected outcome which has not materialized. And the traditionally slow summer months are right around the corner. There […]