Welcome to Our Almost Famous Gold Newsletter written daily by Ken Edwards and Richard Schwary after the COMEX 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.
Our Almost Famous Gold Newsletter will include the GoldDealer Activity Scale which is a computer generated number between 1 and 10 providing an accurate measurement of CNI buying and selling volume.
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The Gold Newsletter Week in Review
Gold Approaches Two Year Lows Commentary for Wednesday, Aug 15, 2018 – Gold closed down $15.50 at $1177.50. Obviously the bears are still having their way – as both gold and silver approach 2 year lows. Still, lower prices across the board should not surprise and the lack of fresh speculative money or some bargain […]
Gold Continues Weaker and Contrary Commentary for Monday, Aug 13, 2018 – Gold closed down $19.80 at $1191.30. The bullish contingent is getting thinner and their hope had been that while gold broke down at $1250.00 in early July the price curve flattened out around $1210.00. So perhaps the important $1200.00 support would hold and […]
Gold Yawns into a Hot Summer Weekend Commentary for Friday, Aug 10, 2018 – Gold closed down $0.80 at $1211.10 – so another slow day at the ranch. It closed this past Monday at $1208.60 so on the week we all fell asleep over $2.50. As gold gets cheaper I can’t say the US trade […]
Gold Threatens $1200.00 Again Commentary for Monday, Aug 6, 2018 – Gold closed down $5.60 today at $1208.60 continuing to encourage the bears. The Dollar Index has crept high since last Tuesday moving from 94.33 through 95.37 so a stronger dollar continues to weigh on the price of gold. And frankly this market is looking […]
Gold Remains Technically Weak Commentary for Friday, Aug 3, 2018 – Gold closed up $3.60 at $1214.20 off its highs but in the green. It opened on Monday at $1221.30 and closed today at $1214.20 a loss of $7.10 on the week. The pricing action for gold today looked more promising in early trading some […]
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