Gold & Silver - Discussions

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  • davefairtex's picture
    Nov 22 2014 - 12:17am by davefairtex

    On Friday gold rose +7.50 to 1201.50 on heavy volume; silver was up +0.19 to 16.42 on extremely heavy volume.  Both metals made new highs for this cycle, and both ended the week on a high note, which is remarkable given the strong rise in the dollar on Friday.  This says that gold is rising substantially in other currencies - for instance, gold in euros was up +1.94% on Friday alone.

  • davefairtex's picture
    Nov 21 2014 - 1:42am by davefairtex

    Gold rose +11.50 to 1194.00 on heavy volume, while silver rose +0.12 to 16.23 on moderate volume.  Gold recovered most of its losses from yesterday, while silver continues to slowly improve.  Both metals remain above their EMA-9, which means they remain in an uptrend.

    The USD dropped -0.04 to 87.70, dropping just below its EMA-9.   The dollar continues chopping sideways, giving us no clues as to which way it will head next.  The only constant is the dropping yen, which fell -0.26% today.

  • davefairtex's picture
    Nov 19 2014 - 11:01pm by davefairtex

    Gold dropped -14.30 to 1182.50 on very heavy volume; silver was down -0.06 to 16.11 also on very heavy volume.  Gold was doing fine until 1030 EST, when it dropped $20 - perhaps it was driven lower by a story in the Daily Mail suggesting the Swiss Gold Referendum was now trailing in the polls.  Gold then rallied just as hard at 1200, and then dropped again at 1400 following the FOMC minutes release.  It was a volatile day, but it ended badly for gold.

  • davefairtex's picture
    Nov 18 2014 - 9:29pm by davefairtex

    Gold rose +10.20 to 1196.80 on moderately heavy volume, while silver rose +0.05 to 16.17 on moderate volume.   Silver is back to underperforming gold once again, which pushed the gold/silver ratio up +0.43 to 74.01.

  • davefairtex's picture
    Nov 18 2014 - 12:20am by davefairtex

    Gold dropped -1.30 to 1186.60 on heavy volume, silver was down -0.18 to 16.12 on moderately heavy volume.  Gold traded in a relatively narrow range and printed a doji candle.  This doesn't sound too exciting, but after Friday's strong rally, one might have expected gold to retrace a bit, and if you add today's strong dollar rally, it would not have been surprising for gold to drop seriously based on recent behavior in gold.  The fact that gold printed a doji and barely reacted at all under those circumstances seems quite bullish to me.

  • davefairtex's picture
    Nov 15 2014 - 12:39pm by davefairtex

    On Friday gold rose +26.10 to 1187.90 on extremely high volume; silver was up +0.66 to 16.31 on extremely high volume too.  Both metals sold off in Asia and London trading, only to power higher in NY starting at 10:00 EST as the dollar sold off hard.  Both metals blew past their EMA-9 averages and best of all, traders decided to take gold home for the weekend, with the metals closing near their highs for the day.  The gold/silver ratio closed below its EMA-9, dropping -1.41 to 72.85.

  • davefairtex's picture
    Nov 13 2014 - 9:31pm by davefairtex

    Gold was flat today, closing unchanged at 1161.80 on heavy volume.  Silver also was unchanged, at 15.65 on moderate volume.   Both metals traded in a relatively narrow range, and both metals printed dojis on the day.

  • davefairtex's picture
    Nov 13 2014 - 1:05am by davefairtex

    Gold dropped -1.20 to 1161.80 on heavy volume; silver fell -0.03 to 15.65 on moderate volume.  PM traded in a relatively tight trading range all day long, with gold and silver moving very little and both printing a doji - I interpret this as a sign of relative strength, given the dollar rally today.

  • davefairtex's picture
    Nov 11 2014 - 11:11pm by davefairtex

    Gold rose +11.60 to 1163.00 on moderately heavy volume; silver rose +0.09 to 15.68 on moderate volume.  Gold rallied strongly reaching its EMA-9 at one point, only to trail off into the close.  Silver did less well, resulting in the gold/silver ratio rising +0.32 to 74.14.

  • davefairtex's picture
    Nov 10 2014 - 6:32pm by davefairtex

    Gold fell -27.30 to close at 1151.40 on heavy volume, while silver dropped -0.22 to 15.59 on moderately heavy volume.  Metals were trading sideways until about 0600 EST when the dollar hit its intraday low and started to rally.   PM didn't like this, and both gold and silver started dropping steadily ... and they just didn't stop dropping until the NY market close.