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 38 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 – Safe-Haven Fear Returns Commentary for Friday, May 29, 2020 (www.golddealer.com) – Gold closed up a surprising $23.60 today at $1736.90 as tensions continue to rise between the US and China and safe-haven buying comes back into view. Fed Chairman Powell’s talk today was basically reassuring but still focused on the work ahead. The […]
Gold – Choppy and Uncertain Commentary for Friday, May 22, 2020 (www.golddealer.com) – Gold closed up $14.10 today at $1734.60. A reminder that we will be closed this Monday for Memorial Day. Gold was higher in overnight Hong Kong trading but sold off in London. The domestic open was higher as gold moved through […]
Gold Climbs – Virus Fears Up / Sales Down Commentary for Friday, May 15, 2020 (www.golddealer.com) – Gold closed up $15.30 today at $1753.40, at session highs on news that our April sales report was worse than expected. It closed last Friday at $1709.90 so on the week we are up $43.50. This most recent […]
Gold’s Narrow Pricing Channel Commentary for Friday, May 8, 2020 – Gold closed today down $11.90 at $1709.90. The Friday gold trade was choppy – on the open we sold off eventually touching $1705.00 before, once again reversing direction, reaching a high of $1725.00 and finally settling mid-range before the close. Last Friday gold closed […]
Gold Remains Choppy – Physical Supply Improving Commentary for Friday, May 1, 2020 – Gold closed up $10.30 today at $1694.50 and pushed higher by another $6.00 in the aftermarket. Our shiny friend still can’t make up its mind as gold challenged $1700.00 in the overnight London market and quickly corrected through $1687.00, before once […]