precious metals

Results for precious metals

PM End of Week Market Commentary - 6/24/2016

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 ...

Discussion - davefairtex - Jun 25 2016 - 1:31pm - 1 comment - 0 attachments

PM/BREXIT Market Commentary - 6/23/2016

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 ...

Discussion - davefairtex - Jun 24 2016 - 4:01am - 0 comments - 0 attachments

PM Daily Market Commentary - 6/22/2016

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 ...

Discussion - davefairtex - Jun 23 2016 - 5:36am - 3 comments - 0 attachments

PM Daily Market Commentary - 6/21/2016

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. ...

Discussion - davefairtex - Jun 22 2016 - 3:12am - 1 comment - 0 attachments

PM Daily Market Commentary - 6/20/2016

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. Gold gapped down after a weekend of ...

Discussion - davefairtex - Jun 21 2016 - 4:38am - 0 comments - 0 attachments

PM End of Week Market Commentary - 6/17/2016

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 ...

Discussion - davefairtex - Jun 18 2016 - 10:51am - 1 comment - 0 attachments

PM Daily Market Commentary - 6/16/2016

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 ...

Discussion - davefairtex - Jun 17 2016 - 1:43am - 0 comments - 0 attachments

PM Daily Market Commentary - 6/15/2016

Gold rose +6.00 to 1294.50 on moderately heavy volume, while silver climbed +0.15 to 17.54 on moderate volume.  Not surprisingly, today was all about the FOMC meeting; Fed sounded dovish and kept rates unchanged, which caused gold and silver to spike ...

Discussion - davefairtex - Jun 16 2016 - 5:27am - 1 comment - 0 attachments

PM Daily Market Commentary - 6/14/2016

Gold rose +1.70 to 1288.50 on moderate heavy volume, while silver fell -0.06 to 17.40 on moderate volume also.  Gold and silver ran into a bit of trouble mostly because of a strong dollar rally; gold managed to gain ground anyway, which is a testament ...

Discussion - davefairtex - Jun 15 2016 - 4:58am - 2 comments - 0 attachments

PM Daily Market Commentary - 6/13/2016

Gold rose +10.50 to 1286.80 on moderately heavy volume, while silver climbed +0.12 to 17.45 on moderate volume.  Gold and silver continue to chug higher, with intraday dips being bought.  A weaker dollar helped, as did a rebound in copper prices. On ...

Discussion - davefairtex - Jun 14 2016 - 2:55am - 2 comments - 0 attachments

PM End of Week Market Commentary - 6/10/2016

On Friday, gold rose +3.80 [+0.30%] on moderate volume, while silver rose +0.05 [+0.29%] on moderate volume also.  That doesn't sound like much, except that many other things fell sharply:  platinum, palladium,  copper, and oil all dropped, while ...

Discussion - davefairtex - Jun 11 2016 - 5:31am - 1 comment - 0 attachments

PM Daily Market Commentary - 6/9/2016

Gold rose +7.00 to 1272.50 on moderate volume, while silver climbed +0.23 to 17.28 on moderately heavy volume.  The move higher in the metals today came in the face of some strong headwinds, including falling oil, copper, and commodity prices, as well ...

Discussion - davefairtex - Jun 10 2016 - 4:21am - 0 comments - 0 attachments

PM Daily Market Commentary - 6/8/2016

Gold rose +19.30 to 1265.50 on moderate volume, while silver shot up +0.67 to 17.06 on moderately heavy volume.  Both metals started rallying in Asia, and continued moving higher in London; prices during US hours mostly just moved sideways into the ...

Discussion - davefairtex - Jun 9 2016 - 1:29am - 0 comments - 0 attachments

PM Daily Market Commentary - 6/7/2016

Gold fell -1.50 to 1246.20 on light volume, and silver dropped -0.10 to 16.39 on moderate volume.  Lots of moving pieces today: copper was hammered, oil broke out to new highs along with CRB and JNK, while SPX had a failed rally.  In the face of all ...

Discussion - davefairtex - Jun 8 2016 - 4:36am - 0 comments - 0 attachments

PM Daily Market Commentary - 6/6/2016

Gold rose +1.20 to 1247.70 on moderate volume, while silver climbed +0.05 to 16.49 on moderately light volume.  Both metals traded in a fairly narrow range; there was some turbulence during Yellen's congressional statement where she expressed the ...

Discussion - davefairtex - Jun 7 2016 - 3:10am - 0 comments - 0 attachments

PM End of Week Market Commentary - 6/3/2016

Nonfarm Payrolls as a driver for prices did not disappoint: on Friday gold shot up +32.60 [+2.77%] on heavy volume, while silver rose +0.43 [+2.69%] to 16.44 on moderately heavy volume.  Right at 08:30, gold launched $13 higher in 1 minute, and from ...

Discussion - davefairtex - Jun 4 2016 - 5:55am - 2 comments - 0 attachments

PM Daily Market Commentary - 6/2/2016

Gold fell -2.30 to 1212.90 on light volume, while silver rose +0.03 to 16.01 on light volume too.  Both metals traded in a narrow range.  My sense is that traders are awaiting the Nonfarm Payrolls release tomorrow - its at 08:30 Eastern, if you want to ...

Discussion - davefairtex - Jun 3 2016 - 4:45am - 1 comment - 0 attachments

PM Daily Market Commentary - 6/1/2016

Gold fell -2.30 to 1215.20 on moderately light volume, and silver dropped -0.02 to 15.98 on moderate volume.  Mostly, gold moved sideways in a narrow range while silver made a new low - a poor performance given the brisk move lower in the buck. Gold ...

Discussion - davefairtex - Jun 2 2016 - 5:16am - 0 comments - 0 attachments

PM Daily Market Commentary 5/31/2016

Gold rose +2.20 to 1217.50 on heavy volume, while silver fell -0.25 to 16.00 on moderately heavy volume.  On Monday, gold was forced lower, spiking down to 1201.50, breaking below the previous low of 1206.  It then rebounded, and by the close today it ...

Discussion - davefairtex - Jun 1 2016 - 4:11am - 0 comments - 0 attachments

PM End of Week Market Commentary - 5/27/2016

On Friday gold fell -4.50 to 1215.30 on moderately heavy volume, while silver dropped -0.09 to 16.25 on light volume.  Gold hit a new low to 1209.00 near end of day, but managed to rebound by the close, narrowly avoiding the 1206 support ...

Discussion - davefairtex - May 28 2016 - 6:12am - 3 comments - 0 attachments