Gold & Silver - Discussions

Enter a comma separated list of user names.
  • davefairtex's picture
    Apr 29 2016 - 3:32am by davefairtex

    Gold rose +20.80 to 1268.10 on heavy volume, while silver climbed +0.32 to 17.60 on heavy volume also.  Today's move was almost entirely about the Yen - up a massive 3.03% because the BOJ ended up doing nothing instead of printing more and dropping rates, as they were expected to do.

  • davefairtex's picture
    Apr 28 2016 - 3:56am by davefairtex

    Gold rose +2.50 to 1247.30 on moderately heavy volume, while silver climbed +0.08 to 17.28 on moderate volume.  The FOMC announcement was a nothing-burger: prices oscillated after the announcement but ended up having only a modest effect by end of day.

  • davefairtex's picture
    Apr 27 2016 - 4:47am by davefairtex

    Gold rose +5.40 to 1244.80 on moderate volume, while silver climbed +0.16 to 17.21 on moderately light volume.  Both metals caught a bid today ahead of the FOMC announcement tomorrow; perhaps the falling dollar helped.

    After selling off in Asia, gold jumped up $10 just before the US market opened and managed to retain all its gains through end of day.  Gold is back above its 9 EMA, and that's good news, however some amount of gold's move can be attributed to a currency effect from the dropping dollar.

  • davefairtex's picture
    Apr 26 2016 - 12:24am by davefairtex

    Gold rose +5.70 to 1239.40 on moderately light volume, while silver climbed +0.02 to 17.05 on very light volume.  Both metals traded in a relatively narrow range, helped somewhat by a declining dollar.

    Not much happened today; gold managed to squeak back over its 50 MA by less than a dollar, but the low volume spinning top candle doesn't give us any clues as to direction.  Last Friday's candle pattern is likely to be a near-term high.

  • davefairtex's picture
    Apr 23 2016 - 2:01am by davefairtex

    On Friday gold fell -15.80 to 1233.70 on moderately heavy volume, while silver rose +0.03 to 17.03 on light volume.  A strong dollar rally seemed to both hurt gold and cap silver's attempt to move higher.

    This week, gold fell -2.10 [-0.17%], silver climbed up +0.78 [+4.77%], GDX rose +1.76%, and GDXJ was up +3.57%, with silver, GDX, and GDXJ all making new highs.  Platinum rose +2.45%, palladium climbed +6.04% and copper rose +5.34%.  Everything did well except gold.

  • davefairtex's picture
    Apr 22 2016 - 1:19am by davefairtex

    Gold rose +3.70 to 1249.50 on very heavy volume, while silver climbed +0.03 to 17.00 on massive volume.  Silver spiked higher in Asia, and twice more in London prior to the ECB meeting announcement at 07:45 Eastern, with gold roughly following silver higher.  Then during the press conference, Draghi made comments about inflation expectations and future policy moves, saying: "we should be patient."  It was around this time that PM started selling off, eventually losing almost all its gains by the close.

  • davefairtex's picture
    Apr 21 2016 - 2:14am by davefairtex

    Gold fell -6.00 to 1245.80 on moderate volume, while silver was mostly unchanged, up +0.01 to 16.97 on extremely high volume.  Silver made a new high today, but was unable to hold its gains through the close, printing a very high volume doji candle.  A strong dollar rally put a lid on PM, especially gold.

  • davefairtex's picture
    Apr 20 2016 - 4:00am by davefairtex

    Gold rose +17.80 [+1.44%] to 1251.80 on heavy volume, while silver screamed up +0.73 [+4.47%] to 16.95 on the highest volume in months.  Silver started its launch a bit after 02:00 Eastern, rallying 50 cents in 60 minutes, for no reason that I could fathom.  Gold mostly followed along, but it could just not compete.  Once silver decides it wants to move, it usually moves in a big hurry - in both directions.  Part of the motivating force could have been a large drop in the buck, which ended up closing below 94.

  • davefairtex's picture
    Apr 19 2016 - 1:05am by davefairtex

    Gold fell -1.80 to 1234.00 on moderate volume while silver dropped -0.02 to 16.23 on moderately heavy volume.  Gold tried to move higher in both Asia and London but then sold off once the US market opened and it never really recovered.  A weaker buck should have helped, but didn't.

  • davefairtex's picture
    Apr 16 2016 - 7:14am by davefairtex

    On Friday gold rose +6.50 to 1235.80 on light volume, while silver rose +0.07 to 16.25 on moderately heavy volume.  Both metals managed to find buyers on Friday, but silver actually broke to a new high while gold was happy just to crawl back above its 50 MA.

    This week, gold fell -4.30 [-0.35%], silver climbed up +0.89 [+5.83%], GDX rose +3.54%, and GDXJ was up +7.09%, with silver, GDX, and GDXJ all making new highs.  Platinum rose +1.92%, palladium climbed +5.06% and copper rose +3.26%.  Everything did well except gold.