gold

Results for gold

PM End of Week Market Commentary - 8/22/2014

On Friday gold was up +4.50 1281.80 on moderate volume, while silver was down -0.02 to 19.40 on moderately heavy volume.  Gold and silver both rallied modestly today; gold held onto its small gain into the close, while silver did not.  After five ...

Discussion - davefairtex - Aug 23 2014 - 6:57am - 0 comments - 0 attachments

PM Daily Market Commentary - 8/21/2014

Gold closed down -15.20 to 1277.30 on heavy volume, while silver was almost flat, down just -0.03 to 19.42  on moderately heavy volume.  Gold made a new cycle low, broke 1280 support, and drove through the 200 MA all in the same day.  Silver also set a ...

Discussion - davefairtex - Aug 22 2014 - 7:40am - 0 comments - 0 attachments

PM Daily Market Commentary - 8/20/2014

Gold closed down -3.70 to 1292.50 on moderately light volume, while silver was up +0.05 to 19.45 on moderately heavy volume.  While silver closed up today, the overall price action today was that of a failed rally; at one point silver was up +0.20 but ...

Discussion - davefairtex - Aug 21 2014 - 1:43am - 0 comments - 0 attachments

PM Daily Market Commentary - 8/19/2014

Gold closed down -2.20 to 1296.20 on light volume, while silver was off -0.17 to 19.41 on moderate volume.  Silver just cannot seem to catch a bid, and the distribution volume pattern continues.  Silver's relentless drop has pushed ...

Discussion - davefairtex - Aug 20 2014 - 3:20am - 3 comments - 0 attachments

PM Daily Market Commentary - 8/18/2014

Gold closed down -7.10 to 1298.40 on light volume, while silver was up +0.03 to 19.58 also on light volume.   It appears that the "safe haven" (positive gold, negative silver) trade unwound just a little bit on Monday, with silver ...

Discussion - davefairtex - Aug 19 2014 - 9:53am - 0 comments - 0 attachments

Gold: contango versus backwardation -2-

Dear Dave, Dear all, Nine days ago (on Saturday August 09) I posted some questions in the thread http://www.peakprosperity.com/discussion/86174/pm-daily-market-commentar... . May be that that thread is so old that nobody follows it / ...

Discussion - Arthur2014 - Aug 19 2014 - 8:16am - 7 comments - 0 attachments

PM End of Week Market Commentary - 8/15/2014

On Friday gold was down -8.40 to 1305.50 on extremely heavy volume, while silver was off -0.31 to 19.55  on heavy volume.  Gold sold off $20 prior to market open in NY, but then mostly recovered on the news about Ukraine artillery shelling a Russian ...

Discussion - davefairtex - Aug 16 2014 - 3:40am - 1 comment - 0 attachments

PM Daily Market Commentary - 8/14/2014

Gold closed up just +0.20 to 1313.90 on moderate volume, and silver rose +0.05 to 19.85 also on moderate volume.  At 0830 gold spiked higher above 1320 and silver almost to 20 at the time of the Jobless Claims report, but neither metal could ...

Discussion - davefairtex - Aug 15 2014 - 1:42am - 0 comments - 0 attachments

PM Daily Market Commentary - 8/13/2014

Gold closed up +3.30 to 1313.70 on moderate volume, while silver was off -0.11 to 19.81 on heavy volume.  Gold rallied along with bonds, and the dollar took a hit at 0830 EDT at the time of the unexpectedly poor US Retail Sales report release.  ...

Discussion - davefairtex - Aug 14 2014 - 3:30am - 0 comments - 0 attachments

PM Daily Market Commentary - 8/12/2014

Gold closed up +1.00 to 1310.40 on moderate volume, while silver was off -0.09 to 19.92 on moderately heavy volume.  Gold rallied strongly up through the morning in NY, but sold off after mid-day, losing almost all its gains by the close.  Silver ...

Discussion - davefairtex - Aug 13 2014 - 3:52am - 1 comment - 0 attachments

PM Daily Market Commentary - 8/11/2014

Gold closed down -1.20 to 1309.04 on very light volume, while silver was up +0.09 to 20.01 on moderately light volume.  For a change, silver outperformed gold, dropping the gold/silver ratio -0.37 to 65.44. The USD rose slightly, ...

Discussion - davefairtex - Aug 12 2014 - 3:12am - 4 comments - 0 attachments

Song: "The gold's all gone!", by Michael Belkin

A great song on gold and the Fed A great song on gold and the Fed Michael Belkin, founder of the Belkin Report sent us his new song. He told us he just started this band who focus their songs on gold and central banks. I was skeptical at ...

Discussion - dichiara - Aug 9 2014 - 3:27pm - 1 comment - 0 attachments

PM End of Week Market Commentary - 8/8/2014

On Friday gold was down -3.90 at 1310.60 on heavy volume, while silver was off -0.07 to 19.92 also on heavy volume.  Gold tried rallying in Asia and London and at one point hit 1324, but sold off an hour before the NY open, producing a wide trading ...

Discussion - davefairtex - Aug 9 2014 - 6:18am - 2 comments - 0 attachments

PM Daily Market Commentary - 8/7/2014

Gold closed up +7.60 to 1314.50 on moderately heavy volume, while silver was down -0.06 to 19.99 also on moderately heavy volume.  The continuing divergence between gold and silver caused the gold/silver ratio to rise +0.58 to 65.77. ...

Discussion - davefairtex - Aug 8 2014 - 1:53am - 0 comments - 0 attachments

PM Daily Market Commentary - 8/6/2014

Gold closed up +17.30 to 1306.90 on heavy volume, while silver was up +0.26 to 20.05 also on heavy volume.  Today's rally pushed gold back above all three of its moving averages and broke out of its current downtrend; silver's move ...

Discussion - davefairtex - Aug 7 2014 - 2:01am - 0 comments - 0 attachments

PM Daily Market Commentary - 8/5/2014

Gold closed up +0.40 to 1289.60 on moderately light volume, while silver was off -0.39 to 19.78 on heavy volume.  While gold took a modest dip down, found support at 1283 and then recovered closing even, silver was just sold hard all day, ...

Discussion - davefairtex - Aug 6 2014 - 1:20am - 0 comments - 0 attachments

PM Daily Market Commentary - 8/4/2014

Gold closed down -6.00 to 1289.20 on light volume, while silver was off -0.16 to 20.17 on moderately light volume.  Gold did not confirm the possible rebound from Friday; although volume was light, the lack of buying follow-through from ...

Discussion - davefairtex - Aug 4 2014 - 10:51pm - 0 comments - 0 attachments

PM End of Week Market Commentary - 8/1/2014

On Friday gold closed up +12.10 to 1295.20 on moderately heavy volume; silver was down -0.09 also on moderately heavy volume.  After breaking lower Thursday, gold found support at around 1280 and retraced most of its losses, while silver is in the ...

Discussion - davefairtex - Aug 2 2014 - 9:36am - 0 comments - 0 attachments

PM Daily Market Commentary - 7/31/2014

Gold closed down -12.50 to 1283.10 on moderately heavy volume, while silver was off -0.24 to 20.42 on moderate volume.  Gold's descending triangle broke down, with gold dropping through its 50 and 200 MA lines making a new cycle low on some ...

Discussion - davefairtex - Aug 1 2014 - 1:10am - 0 comments - 0 attachments

PM Daily Market Commentary - 7/30/2014

Gold closed off -3.00 to 1295.60 on heavy volume, while silver was up +0.05 to 20.66 on moderate volume.  Gold traded sideways until 0830 when it sank $5 to 1294 at the moment of the 2Q GDP release, stopping out 4k long contracts in one minute.  It then ...

Discussion - davefairtex - Jul 31 2014 - 12:23pm - 2 comments - 0 attachments