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 may include talk about premiums, why they change and how this drives public choice. On occasion we remind readers to be careful about “so-called” bullion products offered by telemarketers who should be ashamed of themselves.
In a world which has been turned on its head with currency expansion Our Almost Famous Gold Newsletter is finding a niche among precious metals readers looking for something fun, useful and not too serious.
The Gold Newsletter Week in Review
Gold – Another Tough Week Commentary for Friday, May 13, 2022 (www.golddealer.com) – Gold closed down $16.40 at $1807.40 and silver closed up $0.22 at $20.98. The bulls are still trying to gather themselves today as gold notches its fourth weekly dip and struggles to hold the important $1800.00 support. The 30-day pricing chart makes […]
Gold – Inflation or Stagflation? Commentary for Friday, May 6, 2022 (www.golddealer.com) – Gold closed up $7.20 at $1881.20 and silver closed down $0.07 at $22.33. The bulls are not happy about gold closing down on the week, but it’s time to consider the cup half full. Powell’s half point interest rate hike Wednesday could […]
Gold – Lower Highs and Lower Lows Commentary for Friday, April 29, 2022 (www.golddealer.com) – Gold closed up $20.60 at $1909.30 and silver closed down $0.09 at $23.04. Gold surprised in the early domestic trade offering a mild price rally on what looks like paper short covering going into the weekend. A mild dollar retracement […]
Gold – How Serious is Powell? Commentary for Friday, April 22, 2022 (www.golddealer.com) – Gold closed down $13.90 at $1931.00 and silver closed down $0.36 at $24.26. Gold settled this week moderately lower and still defensive, as traders remain focused on interest rate hikes after Chief Powell’s comments Thursday. WASHINGTON (AP) — “The Federal Reserve […]
Gold – Rangebound with Potential Commentary for Thursday, April 14, 2022 (www.golddealer.com) – Gold closed down $10.10 at $1970.90 and silver closed down $0.32 at $25.70. Gold remains “stuck” at the upper end of its trading range. Threatening higher prices as inflation, the Ukraine war, and rising crude oil prices support the bullish gold scenario. As […]