temporary

Gold Ignores Crude Oil Commentary for Friday, June 22, 2018 (www.golddealer.com) – Gold closed up $0.20 at $1267.40 today – the Monday close was $1276.20 so on the week gold has moved down $8.20 – not exactly a fireworks show.  The OPEC decision to raise output production by a million barrels is probably welcomed by […]

Gold Makes a Statement Commentary for Monday, June 18, 2018 (www.golddealer.com) – Gold closed up $1.60 today at $1276.20. Gold opened firmer after last Friday’s rout but thought better of the idea trending lower but managing to finish in the green – so a small short-covering rally was the idea. It’s difficult to call this […]

Gold – Tariff Retaliation or Classic Bear Trap? Commentary for Friday, June 15, 2018 (www.golddealer.com) – Gold closed down $29.40 at $1274.60. Oh where is the joy? After Thursday’s surprisingly higher market gold is once again back-footed on Friday as traders think about rising interest rates/dollar strength. And the President unveiled new tariffs against China […]

Gold Did Not Blink Much – Yet Commentary for Wednesday, June 13, 2018 (www.golddealer.com) – Gold closed up $1.80 at $1296.90 – continuing to hold steady in the face of a hawkish FOMC – for now. For as much as this latest meeting was anticipated I’m surprised there were not more fireworks. Still the markets […]

Gold Steady – Next Week Might Move the Needle            Commentary for Friday, June 8, 2018 (www.golddealer.com) – Gold closed down $0.60 at $1298.10 today. Monday’s close was $1293.10 so on the week we have moved up $5.00. Not too exciting to be sure and trading today was almost flat but there are more reasons to […]