precious metals

Results for precious metals

PM End of Week Market Commentary - 4/17/2015

On Friday, gold rose +5.90 to 1203.80 on moderate volume, while silver fell -0.02 to 16.25 moderate volume too.  Gold traded in a relatively narrow range, but by end of day it did manage to squeak back above its 50 MA.  Silver did not do as well. On ...

Discussion - davefairtex - Apr 18 2015 - 11:56am - 0 comments - 0 attachments

PM Daily Market Commentary - 4/16/2015

Gold fell -3.70 to 1197.90 on moderately heavy volume, while silver dropped -0.03 to 16.26 on moderate volume.  Both gold and silver fell during NY trading, and in spite of the very weak dollar (down a big -0.91) neither gold nor silver were able to get ...

Discussion - davefairtex - Apr 17 2015 - 3:22am - 0 comments - 0 attachments

PM Daily Market Commentary - 4/15/2015

Gold rose +9.70 to 1201.60 on moderate volume, while silver climbed +0.17 to 16.30 on moderate volume as well.  PM was assisted by the falling dollar which dropped -0.42%, and also by a great day for commodities, which rose 2.03%. Gold rallied in ...

Discussion - davefairtex - Apr 16 2015 - 3:44am - 0 comments - 0 attachments

PM Daily Market Commentary - 4/14/2015

Gold dropped -6.70 to 1191.90 on heavy volume, while silver fell -0.13 to 16.12 on moderately heavy volume.  PM sold off during Asia and London trading, with gold touching 1183.50 immediately prior to the Retail Sales report at 0830.  Once the report ...

Discussion - davefairtex - Apr 15 2015 - 4:44am - 0 comments - 0 attachments

PM Daily Market Commentary - 4/13/2015

Gold fell -9.50 to 1198.50 on moderate volume, while silver plunged -0.23 to 16.25 on moderate volume.  Intraday, PM just seemed weak; it was less about currency and more just about no buyers showing up. The miners had another light selling day, ...

Discussion - davefairtex - Apr 15 2015 - 3:53am - 1 comment - 0 attachments

PM End of Week Market Commentary - 4/10/2015

On Friday, gold rose +14.10 to 1208.10 on moderate volume, while silver climbed +0.34 to 16.49 on moderately heavy volume.  PM started its rise Friday after 0419 EST - for reasons I have not been able to determine.  It wasn't currency related. ...

Discussion - davefairtex - Apr 11 2015 - 6:37am - 25 comments - 0 attachments

PM Daily Market Commentary - 4/9/2015

Gold fell -8.70 to 1194.00 on moderate volume, while silver plunged -0.36 to 16.15 on moderately heavy volume.  Once again gold's drop was modest, while silver took it on the chin.  Both metals are below their 9 EMA and 50 MA, and silver is ...

Discussion - davefairtex - Apr 10 2015 - 4:50am - 3 comments - 0 attachments

PM Daily Market Commentary - 4/8/2015

Gold dropped -5.50 to 1202.70 on moderate volume, while silver plunged -0.32 to 16.51 on moderately heavy volume.  Gold dropped modestly today, while silver was hit hard - losses in silver came at about the same time WTIC had its big sell-off - ...

Discussion - davefairtex - Apr 9 2015 - 2:30am - 0 comments - 0 attachments

PM Daily Market Commentary - 4/7/2015

Gold fell -6.30 to 1208.20 on moderately light volume, while silver dropped -0.14 to 16.83 on moderately light volume too.  PM sold off today at least partially as a result of a massive +1.10 rally in the buck.  The fact it didn't fall further was ...

Discussion - davefairtex - Apr 8 2015 - 5:36am - 0 comments - 0 attachments

PM Daily Market Commentary - 4/6/2015

Gold rose +12.00 to 1214.50 on moderate volume, while silver climbed +0.22 to 16.97 on moderate volume also.  Gold opened higher in Asia, rallied due to a falling dollar at one point hitting 1224.50, but then fell back again when the buck found support. ...

Discussion - davefairtex - Apr 7 2015 - 5:25am - 0 comments - 0 attachments

PM End of Week Market Commentary - 4/3/2015

Friday was a holiday in the West; the futures markets were closed. On the week, gold rallied +4.20 [+0.35%], silver fell -0.22 [-1.30%], GDX rose +0.80% and GDXJ climbed +0.51%. The two key actions that occured this week for PM?  An unexpectedly ...

Discussion - davefairtex - Apr 4 2015 - 4:54pm - 1 comment - 0 attachments

PM Daily Market Commentary - 4/2/2015

Gold fell -1.20 to 1202.50 on moderate volume, while silver dropped -0.18 to 16.75 on moderate volume.  Given the drop in the buck today, it was a poor performance by PM.  There was no one event that caused the move lower in silver, it more or less just ...

Discussion - davefairtex - Apr 3 2015 - 4:46am - 3 comments - 0 attachments

PM Daily Market Commentary - 4/1/2015

Gold rose +20.50 to 1203.70 on moderately heavy volume, while silver climbed +0.31 to 16.93 also on moderately heavy volume.  PM traded mostly sideways until 0815 in NY - the release time of the ADP employment report - which came in unexpectedly low.  ...

Discussion - davefairtex - Apr 2 2015 - 2:27am - 1 comment - 0 attachments

PM Daily Market Commentary - 3/31/2015

Gold fell -2.60 to 1183.20 on moderate volume, while silver dropped -0.07 to 16.63 also on moderate volume.  PM mostly traded sideways - making new lows in Asia trading, then rallying, failing, and closing near to where it started.  There was a fair ...

Discussion - davefairtex - Apr 1 2015 - 3:58am - 0 comments - 0 attachments

PM Daily Market Commentary - 3/30/2015

Gold fell -12.50 to 1185.80 on moderate volume, while silver dropped -0.27 to 16.62 also on moderate volume.  PM sold off steadily for most of the day - the dollar rose steadily for most of the day.  Cause and effect.  Gold closed below its 9 EMA, which ...

Discussion - davefairtex - Mar 31 2015 - 8:01am - 0 comments - 0 attachments

PM End of Week Market Commentary - 3/27/2015

On Friday gold fell -5.30 to 1198.30 on moderately heavy volume; silver dropped -0.13 to 16.97 on moderate volume.  Gold sold off today but managed to recover some of its losses; it as a result it has yet to mark a swing high, and it remains clearly ...

Discussion - davefairtex - Mar 28 2015 - 6:17pm - 0 comments - 0 attachments

PM Daily Market Commentary - 3/26/2015

Gold rose +9.00 to 1203.60 on heavy volume, and silver climbed +0.15 to 17.10 on moderate volume.  Gold and silver both rallied strongly in Asia trading, with gold hitting 1219.50 at its peak in London.  However the dollar eventually found buyers, and ...

Discussion - davefairtex - Mar 27 2015 - 6:17am - 0 comments - 0 attachments

PM Daily Market Commentary - 3/25/2015

Gold rose +2.10 to 1194.60 on moderately heavy volume, while silver was up just +0.01 to 16.95 on moderately light volume.  Both gold and silver made new highs today, with gold hitting 1199.30 but neither metal was able to hold onto its gains.  If gold ...

Discussion - davefairtex - Mar 26 2015 - 3:39am - 0 comments - 0 attachments

PM Daily Market Commentary - 3/24/2015

Gold climbed +3.70 to 1192.50 on moderately heavy volume, while silver fell -0.03 to 16.94 on moderate volume.  PM traded mostly sideways all day long, with gold performing slightly better than silver.  Gold has climbed for five days in a row.  That ...

Discussion - davefairtex - Mar 25 2015 - 3:09am - 1 comment - 0 attachments

PM Daily Market Commentary - 3/23/2015

Gold rose +7.10 to 1188.80 on moderately heavy volume, while silver climbed +0.25 to 16.98 on moderate volume.  PM traded lower in Asia trading as the dollar rallied, but started to climb once the dollar started to weaken around 5am EDT.   Silver ...

Discussion - davefairtex - Mar 24 2015 - 3:30am - 2 comments - 0 attachments