gold

Results for gold

PM Daily Market Commentary - 2/10/2016

Gold rose +8.00 to 1197.40 on heavy volume, while silver climbed +0.05 to 15.30 on heavy volume too.  Gold was hit in Asia, dropping to 1181 where it found support and rallied right back, closing at the highs for the day.  Silver largely followed gold. ...

Discussion - davefairtex - Feb 11 2016 - 3:41am - 14 comments - 0 attachments

PM Daily Market Commentary - 2/9/2016

Gold fell -0.20 to 1189.40 on very heavy volume, while silver dropped -0.07 to 15.25 on heavy volume.  Gold attempted to rally above 1200 for the second day, and failed.  A relatively large drop in the buck was not enough to propel gold higher today; ...

Discussion - davefairtex - Feb 10 2016 - 5:00am - 3 comments - 0 attachments

PM Daily Market Commentary - 2/8/2016

Gold rose +15.50 to 1189.60 on extremely heavy volume, while silver climbed +0.30 to 15.32 on very heavy volume.  Gold is now moving in opposition to equities; as SPX sold off today, gold climbed higher.  A failed rally in the buck didn't hurt ...

Discussion - davefairtex - Feb 9 2016 - 1:54am - 0 comments - 0 attachments

PM End of Week Market Commentary - 2/5/2016

On Friday, gold rose +18.10 to 1174.10 on very heavy volume, and silver was up +0.16 to 15.03 on heavy volume.  Market-moving event today was the Nonfarm Payrolls report, which had a weak headline number but a big rise in average hourly earnings.  Gold ...

Discussion - davefairtex - Feb 6 2016 - 6:08am - 36 comments - 0 attachments

PM Daily Market Commentary - 2/4/2016

Gold rose +13.00 to 1156.00 on very heavy volume, while silver climbed +0.18 to 14.87 on heavy volume.  Once again, today's gold story was mostly about currency: the buck lost another -0.81 [-0.84%], adding to yesterdays large move down.  Gold ...

Discussion - davefairtex - Feb 5 2016 - 2:42am - 3 comments - 0 attachments

PM Daily Market Commentary - 2/3/2016

Gold rose +13.40 to 1143.00 on very heavy volume, while silver shot up +0.38 to 14.69 on very heavy volume as well.  However, the move today was all about currency: today, the buck lost -1.56 [-1.58%], a massive one-day drop that threw the dollar into a ...

Discussion - davefairtex - Feb 4 2016 - 2:23am - 9 comments - 0 attachments

Gold revaluation from 20.67$ to 35$ in 1934

I am trying to understand how the value of  35$/oz for the gold revaluation were chosen in 1934. Prior to that the money supply was falling and by changing the value of gold from 20.67$ to 35$ the government transferred effectively 11B$ to the FED ...

Discussion - rfbroadband - Feb 3 2016 - 6:21pm - 0 comments - 0 attachments

PM Daily Market Commentary - 2/2/2016

Gold rose +1.00 to 1129.60 on moderate volume, while silver fell -0.04 to 14.31 on moderate volume also.  Gold traded sideways within a range, as did silver.  Both metals seemed relatively immune to the second day of plunging oil prices. Gold ...

Discussion - davefairtex - Feb 3 2016 - 4:02am - 4 comments - 0 attachments

PM Daily Market Commentary - 2/1/2016

Gold rose +10.20 to 1128.60 on moderate volume, while silver climbed only +0.09 to 14.35 on moderate volume also.  Gold rose steadily all day long, while silver followed the same track but less enthusiastically.  Oil was absolutely hammered today, and ...

Discussion - davefairtex - Feb 2 2016 - 2:46am - 7 comments - 0 attachments

PM End of Week Market Commentary - 1/29/2016

On Friday, gold rose +2.80 to 1118.40 on moderate volume, and silver was up +0.02 to 14.26 on moderately light volume.  Today was all about the BOJ's decision to charge banks money for excess reserves - a negative rate policy.  Pretty much ...

Discussion - davefairtex - Jan 30 2016 - 12:27pm - 5 comments - 0 attachments

PM Daily Market Commentary - 1/28/2016

Gold fell -9.30 to 1115.60 on heavy volume, while silver plunged -0.26 to 14.24 on moderately heavy volume.  There was some funny business with the silver fix in London; this ended up smashing silver down hard at around 07:15 Eastern, and that event put ...

Discussion - davefairtex - Jan 29 2016 - 4:06am - 1 comment - 0 attachments

Gold Breakout Pattern To Watch For

I received the following today from Robert Mish, the 50-year veteran bullion dealer we've interviewed on this site in the past. Thought the group here would appreciate his seasoned perspective: If this move in Gold is for real, the ...

Discussion - Adam Taggart - Jan 28 2016 - 1:01pm - 0 comments - 0 attachments

PM Daily Market Commentary - 1/27/2016

Gold rose +5.00 to 1124.90 on heavy volume, while silver fell -0.02 to 14.50 on moderate volume.  The FOMC announcement at 14:00 Eastern was the primary driver of prices today; it was after FOMC that gold had its rally. Gold continued to move ...

Discussion - davefairtex - Jan 28 2016 - 7:30am - 5 comments - 0 attachments

PM Daily Market Commentary - 1/26/2016

Gold rose +11.80 to 1119.90 on very heavy volume, while silver climbed +0.28 to 14.52 on heavy volume.  Cash came out of hiding today - pretty much everything was bid today pre-FOMC, and gold and silver were no exceptions.  A falling dollar also helped. ...

Discussion - davefairtex - Jan 27 2016 - 1:58am - 7 comments - 0 attachments

PM Daily Market Commentary - 1/25/2016

Gold rose +9.90 to 1108.10 on heavy volume, while silver climbed +0.22 to 14.24 on moderately heavy volume.  Gold and silver rose steadily; a fading equity market, a falling dollar, and falling oil prices seemed to help PM move higher today. Gold ...

Discussion - davefairtex - Jan 26 2016 - 9:11am - 6 comments - 0 attachments

PM End of Week Market Commentary - 1/22/2016

On Friday, gold fell -3.20 to 1098.20 on moderately heavy volume, and silver dropped -0.07 to 14.02 on moderate volume also.  Silver had an impressive mid-morning upward spike briefly hitting 14.36, but lost those gains completely within 90 minutes.  A ...

Discussion - davefairtex - Jan 24 2016 - 9:07am - 5 comments - 0 attachments

PM Daily Market Commentary - 1/21/2016

Gold closed little changed on the day, up +0.40 to 1101.40 on heavy volume, while silver fell -0.06 to 14.10 on moderately heavy volume.  Gold seemed to be the anti-equity today; it plunged when equities rallied, and rallied when equities sold off.  A ...

Discussion - davefairtex - Jan 22 2016 - 3:27am - 4 comments - 0 attachments

PM Daily Market Commentary - 1/20/2016

Gold rose +13.70 to 1101.00 on heavy volume while silver rose +0.13 to 14.15 on moderate volume.  Gold's move higher was driven mostly by the falling equity market; once the equity market's fall stopped, that's when gold topped out ...

Discussion - davefairtex - Jan 21 2016 - 7:09am - 2 comments - 0 attachments

PM Daily Market Commentary - 1/19/2016

Gold fell -1.30 to 1087.30 on heavy volume while silver rose +0.11 to 14.02 on heavy volume also.  Gold tracked mostly sideways, while silver staged a big rally in asia (hitting 14.18) but was not able to hold those gains into the close. Gold was ...

Discussion - davefairtex - Jan 20 2016 - 5:29am - 10 comments - 0 attachments

PM Daily Market Commentary - 1/14/2016

Gold fell -15.00 to 1078.30 on heavy volume while silver dropped -0.33 to 13.82 on heavy volume also.  Gold just tracked lower for most of the trading day, while silver fell off a small cliff around 07:40 Eastern and just never recovered. Gold ...

Discussion - davefairtex - Jan 15 2016 - 4:03am - 0 comments - 0 attachments