temporary

Gold Heats Up?

Gold Heats Up? Commentary for Friday, June 14, 2019 – Gold closed up a disappointing $0.90 at $1340.10 today. Itopened flat but quickly moved immediately higher breaking above $1350.00 but short term profit taking quelled the rally – bears held sway and the trade settled for almost a draw as the market closed. This is […]

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Gold Remains Steady

Gold Remains Steady Commentary for Wednesday, June 12, 2019 – Gold closed up $5.50 at $1331.90. To me gold continues to look choppy with a positive bias – today’s market opened higher, sold off and recovered in short order and then sold off again finishing the day midrange. World stock markets continue to worry some […]

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Gold Weakens

Gold Weakens Commentary for Monday, June 10, 2019 – Gold closed down $16.50 at $1324.70 today. Expected actually – gold has been predictably weak for years when approaching $1350.00. There was an aftermarket surge in prices initially but even this settled down to a few dollars higher as traders consider gold’s stubborn overhead resistance at […]

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Gold Firm into the Weekend

Gold Firm into the Weekend Commentary for Friday, June 7, 2019 – Gold closed up $3.60 today at $1341.20. It opened rather flat, woke up and pushed nicely to session highs on a weak jobs report and settled lower for a modest gain.  Short term technical territory belongs to the bulls but a wider view […]

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Gold Develops Buzz

Gold Develops Buzz Commentary for Wednesday, June 5, 2019 – Gold closed up $4.90 today at $1328.30. It actually moved aggressively higher on the open but quickly reversed itself settling for a modest “middle” range close after yesterday’s big $16.90 move. So today looks like a simple momentum play but make no mistake the bulls […]

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