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 Remains Ambivalent Commentary for Friday, November 15, 2019 – Gold closed down $4.50 today at $1467.30 in relatively quiet trading. Still another choppy day – ranging between $1462.00 and $1468.00 but it might be a mistake to think that gold has just traded lower since the surge through $1510.00 we saw in early November. […]
Gold – Firming or Not? Commentary for Wednesday, November 13, 2019 – Gold closed up a surprising $9.60 today at $1461.70. Trading was choppy today holding a tight range between $1460.00 and $1465.00 – so we are seeing some interest. But the pricing breakdown in the 30 day chart will give the technicians some worry. […]
Gold Finishes a Tough Week Commentary for Friday, November 8, 2019 – Gold closed down $2.90 today at $1461.30. We closed at $1508.00 last Monday so on the week we have lost $46.70 which really should not be that big a deal if you consider that we are up something like $250.00 this past year […]
Gold Weakens – For Now Commentary for Wednesday, November 5, 2019 – Gold closed down an unexpected $27.20 today at $1480.00. It was actually steady overnight in Hong Kong but began to break down in London and weakness continued through the domestic trade. This would be a tough market to paper trade because the 30 […]
Gold Settles Quietly into the Weekend Commentary for Friday, November 1, 2019 – Gold closed down $3.40 today at $1508.00 in very quiet trading. It closed last Monday at $1490.00 so on the week we are looking at a modest $18.00 gain and has managed to move into the higher end of its 30 day […]