temporary

Gold – Higher and Higher?

 Gold – Higher and Higher? Commentary for Friday, May 7, 2021 (www.golddealer.com) – Gold closed up $15.60 at $1831.10 and silver closed unchanged at $27.46 and silver closed unchanged at $27.46. Gold extended its late week rally today and is having its best week since November of last year after an unexpected drop in US […]

Gold – Rangebound/Quiet

Gold – Rangebound/Quiet Commentary for Friday, April 30, 2021 (www.golddealer.com) – Gold closed down $0.80 at $1767.30 and silver closed down $0.20 at $25.85. Both our shiny friends look like consolidation is the best scenario going into the weekend. Rising US confidence in our economic recovery further diminishes the “fear” trade. This contributes to tight […]

Gold – Resting or Tired?

Gold – Resting or Tired? Commentary for Friday, April 23, 2021 (www.golddealer.com) – Gold closed down $4.20 today at $1777.75 and silver closed down $0.09 at $26.08. Our shiny friend closed last Friday at $1779.00 so on the week we have lost $3.25. Traders like the short-term technical picture in gold – a plus. The […]

Gold – Bullish Optimism Returning?

Gold – Bullish Optimism Returning? Commentary for Friday, April 16, 2021 (www.golddealer.com) – Gold closed up $13.60 at $1779.00 today and silver closed up $0.14 at $26.10. Our shiny friends have enjoyed a surprisingly strong psychological reversal this week. As the Dollar Index and Treasury yields turn soft and demand for physical product gains steam. […]

Gold – Inflation? Or not?

Gold – Inflation? Or not? Commentary for Friday, April 9, 2021 (www.golddealer.com) – Gold closed down $13.50 at $1743.30. While gold had an encouraging price week it cannot seem to shake the fear that stirring inflation (real or imagined) will force the Fed to act by raising interest rates. China’s inflation numbers may be creeping […]