Gold & Silver - Discussions

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  • davefairtex's picture
    Jun 30 2016 - 7:04am by davefairtex

    Gold rose 7.30 to 1321.80 on moderate volume, while silver shot up +0.52 to 18.37 on heavy volume.  The BRExit safe haven crash has morphed into a commodity rally.  Silver, palladium, and platinum were the big winners today along with energy.  A falling dollar helped.

    Compared to the other PM elements, gold had a bit of a tough time today; gold's rise was just about equal to the fall in the buck, which suggests that gold more or less was unchanged worldwide.

  • davefairtex's picture
    Jun 29 2016 - 5:51am by davefairtex

    Gold fell -13.10 to 1314.50 on moderate volume, while silver rose +0.02 to 17.80 on moderately heavy volume.  The initial impact of BRExit has started to moderate; GBP rebounded, as did the Euro, along with equity markets around the world.  Safe havens were swapped for risk.

  • davefairtex's picture
    Jun 28 2016 - 4:23am by davefairtex

    Gold rose +8.50 to 1327.60 on heavy volume, while silver fell -0.01 to 17.81 on heavy volume also.  There was a great deal of movement in the currency markets again today; money fled risk and moved into perceived save havens.  Banks were weak, especially those in Europe.

  • davefairtex's picture
    Jun 25 2016 - 12:47pm by davefairtex

    On Friday, gold rose +59.80 [+4.75%] to 1319.10 on massive volume, while silver rose +0.48 [+2.78%] to 17.77 on very heavy volume.  Gold hugely outperformed silver - it was a massive flight to safety following the UK's vote to leave the EU.

    On the week, gold climbed +17.50 [+1.34%], silver rose +0.30 [+1.71%], GDX moved up +3.57%, and GDXJ rose +3.60%.  Platinum climbed +1.77%, palladium moved up +2.85%, and copper rose +3.14%.  From the week perspective, everything did well.

  • davefairtex's picture
    Jun 24 2016 - 4:00am by davefairtex

    Prior to the vote results being known, gold had dropped -9.60 to 1259.30 on moderate volume, and silver rose +0.05 to 17.38 on very light volume.  Gold had sold off steadily all day long, with traders fully expecting a Remain result for the UK referendum.

  • davefairtex's picture
    Jun 23 2016 - 5:36am by davefairtex

    Gold fell -1.80 to 1268.90 on light volume, while silver rose +0.03 to 17.33 on very light volume.

    Gold followed through off yesterday's swing high and drop through the 9, making a low in Asia of 1263.80.  It wasn't much of a move even though it did manage to liberate about 2k long contracts on one spike lower slightly before 2am Eastern.  Trading continued in a narrow range for the remainder of the day.

  • davefairtex's picture
    Jun 22 2016 - 3:12am by davefairtex

    Gold fell -22.30 to 1270.70 on moderately heavy volume, while silver dropped -0.22 to 17.30 on moderately heavy volume also.  Gold sold off all day long; silver followed but fell less.  It appears that the BRExit safe haven trade continues to unwind.

  • davefairtex's picture
    Jun 21 2016 - 4:38am by davefairtex

    Gold fell -8.60 to 1293.00 on moderately heavy volume, while silver was unchanged at 17.52 on moderate volume.  A very strong rally in the pound/a weak dollar wasn't enough to keep gold afloat.

  • davefairtex's picture
    Jun 18 2016 - 10:51am by davefairtex

    On Friday, gold rose +20.10 [+1.57%] to 1301.60 on moderately heavy volume, while silver rose +0.32 [+1.86%] to 17.44 on moderate volume.  Gold outperformed silver, erasing yesterday's losses and then some, finally closing above round number 1300 for the first time in more than a year.

  • davefairtex's picture
    Jun 17 2016 - 1:43am by davefairtex

    Gold fell -13.00 to 1281.50 on extremely heavy volume, while silver dropped -0.34 to 17.20 on heavy volume.  Both gold and silver made new highs, with gold breaking above the 1307 high dating back to 2015, but then both metals sold off hard for the remainder of the day, closing at or near the lows.