DaveFairTex

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PM Daily Market Commentary - 4/23/2018

Gold fell -11.00 [-0.82%] to 1326.60 on moderate volume, while silver plunged -0.51 [-2.98%] on extremely heavy volume. The US Treasury department decided to delay implementation of sanctions on a major Russian aluminum producer; this caused prices in ...

Discussion - davefairtex - Apr 24 2018 - 2:35am - 0 comments - 0 attachments

PM End of Week Market Commentary - 4/20/2018

On Friday, gold fell -10.40 [-0.77%] on moderate volume, while silver dropped -0.14 [-0.78%] to 17.11 on very heavy volume. There was a fairly large dollar rally on Friday [+0.41%] that accounted for much of the drop in the metals. This week's ...

Discussion - davefairtex - Apr 21 2018 - 7:04pm - 4 comments - 0 attachments

PM Daily Market Commentary - 4/19/2018

Gold fell -4.40 [-0.33%] to 1348.00 on heavy volume, while silver rose +0.05 [+0.26%] to 17.25 on extremely heavy volume. The buck rallied fairly strongly today [+0.38%]; the currency move took a toll on gold, and much of the commodity complex, but did ...

Discussion - davefairtex - Apr 20 2018 - 4:12am - 0 comments - 0 attachments

PM Daily Market Commentary - 4/18/2018

Gold rose +1.90 [+0.14%] to 1352.40 on moderately heavy volume, while silver shot up +0.42 [+2.50%] to 17.20 on the highest volume in five months. Silver was just one of many commodities that had a good day; the entire industrial metals sector rallied ...

Discussion - davefairtex - Apr 19 2018 - 4:42am - 0 comments - 0 attachments

PM Daily Market Commentary - 4/17/2018

Gold rose +1.60 [+0.12%] to 1350.50 on moderate volume, while silver moved up +0.12 [+0.72%] to 16.79 on heavy volume. The buck rose +0.10%, a small move, which did not seem to affect the price of the metals today. With Syria off the headlines, the ...

Discussion - davefairtex - Apr 18 2018 - 2:15am - 3 comments - 0 attachments

PM Daily Market Commentary - 4/16/2018

Gold rose +0.30 [+0.02%] to 1348.90 on moderate volume, while silver moved up +0.02 [+0.12%] to 16.66 on heavy volume. The buck was hit for -0.42%, a relatively large move, but the drop in the buck did not seem to help the metals much at all. It seemed ...

Discussion - davefairtex - Apr 17 2018 - 6:08am - 33 comments - 0 attachments

PM End of Week Market Commentary - 4/13/2018

On Friday, gold rose +11.10 [+0.83%] to 1348.60 on moderate volume, while silver climbed +0.20 [+1.22%] to 16.64 on moderate volume also. The buck was mostly unchanged. Today's rally wasn't about currency, it felt more as though it was safe ...

Discussion - davefairtex - Apr 14 2018 - 7:37pm - 23 comments - 0 attachments

PM Daily Market Commentary - 4/12/2018

Gold plunged -19.30 [-1.42%] to 1337.50 on heavy volume, while silver dropped -0.23 [-1.35%] to 16.45 on very heavy volume. The buck moved up +0.21%, but that minor rally didn't explain the plunge in the metals today.  That I ascribe to Trump ...

Discussion - davefairtex - Apr 13 2018 - 2:25am - 0 comments - 0 attachments

PM Daily Market Commentary - 4/11/2018

Gold rallied +13.80 [+1.03%] to 1356.80 on very heavy volume, while silver climbed +0.11 [+0.63%] to 16.67 on extremely heavy volume. The buck was virtually unchanged today; the rally in gold seemed to be all about a safe haven bid driven by the ...

Discussion - davefairtex - Apr 12 2018 - 5:18am - 2 comments - 0 attachments

PM Daily Market Commentary - 4/10/2018

Gold rallied +3.40 [+0.25%] to 1343.00 on moderate volume, while silver climbed +0.09 [+0.52%] to 16.57 on heavy volume. A falling dollar helped the metals to move higher; the buck ended up down -0.29%, which accounted for gold's move today. ...

Discussion - davefairtex - Apr 11 2018 - 3:40am - 7 comments - 0 attachments

PM Daily Market Commentary - 4/9/2018

Gold rallied +2.30 [+0.17%] to 1339.60 on moderate volume, while silver climbed +0.12 [+0.70%] to 16.48 on heavy volume. A falling dollar helped move the metals higher – gold was the weakest in the group. Equities were rallying strongly (SPX:+50) until ...

Discussion - davefairtex - Apr 10 2018 - 4:10am - 0 comments - 0 attachments

PM End of Week Market Commentary - 4/6/2018

On Friday, gold rose +7.40 [+0.56%] to 1337.30 on heavy volume, while silver was unchanged at 16.36 on heavy volume also. While the buck fell -0.42%, driven mostly by a surprisingly weak Nonfarm Payrolls report, the excitement was provided by equities, ...

Discussion - davefairtex - Apr 8 2018 - 12:27am - 6 comments - 0 attachments

PM Daily Market Commentary - 4/6/2018

Gold dropped -7.10 [-0.53%] to 1329.90 on moderate volume, while silver rose +0.07 [+0.46%] to 16.36 on moderately heavy volume. The buck moved higher on the day [+0.41%], which accounts for most of gold's plunge. Gold moved steadily lower in ...

Discussion - davefairtex - Apr 6 2018 - 5:29am - 0 comments - 0 attachments

PM End of Week Market Commentary - 3/30/2018

Friday was a holiday – and this weekend marked both end of month, and end of quarter, so while I'm going to include some of my weekly update information, mostly I'm going to focus on monthly charts and data. In the monthly sector map for ...

Discussion - davefairtex - Apr 1 2018 - 4:15am - 3 comments - 0 attachments

PM Daily Market Commentary - 3/28/2018

Gold fell -15.40 [-1.15%] 1329.20 on very heavy volume, and silver fell -0.26 [-1.57%] to 16.27 on heavy volume. The buck staged a very strong rally, up +0.83%, which seemed to cause the problems for gold and silver today. Gold started selling off ...

Discussion - davefairtex - Mar 29 2018 - 11:44am - 0 comments - 0 attachments

PM Daily Market Commentary - 3/26/2018

Gold rose +6.10 [+0.45%] on extremely heavy volume, while silver climbed +0.14 [+0.88%] on moderately heavy volume. The buck dropped -0.48%, so - can we chalk up all of gold's rally to the currency move? Probably. However the star today was ...

Discussion - davefairtex - Mar 27 2018 - 10:24am - 0 comments - 0 attachments

PM Daily Market Commentary - 3/22/2018

Gold fell -3.60 [-0.27%] on very heavy volume, while silver dropped -0.20 [-1.18%] on moderately heavy volume. The buck was largely unchanged, up +0.12%, but the big news wasn't in currencies or the metals, it was in equities: SPX plunged -2.52% ...

Discussion - davefairtex - Mar 23 2018 - 2:46am - 4 comments - 0 attachments

PM Daily Market Commentary - 3/21/2018

Gold shot up +21.60 [+1.65%] on extremely heavy volume, while silver jumped +0.39 [+2.41%] on extremely heavy volume also. At the same time, the buck plunged, losing -0.65%. While the temptation is to blame it all on the Fed, at least half of ...

Discussion - davefairtex - Mar 22 2018 - 2:12am - 4 comments - 0 attachments

PM Daily Market Commentary - 3/20/2018

Gold fell -5.80 [-0.44%] to 1310.90 on moderate volume, while silver dropped -0.13 [-0.80%] to 16.18 on moderate volume also. The buck shot higher – up +0.70% - a big rally, unwinding all of yesterday's drop and then some.  Why the big rally?  No ...

Discussion - davefairtex - Mar 21 2018 - 7:07am - 11 comments - 0 attachments

PM Daily Market Commentary - 3/19/2018

Gold rose +2.80 [+0.21%] to 1316.70 on moderately heavy volume, while silver dropped -0.03 [-0.18%] to 16.31 on moderate volume. The buck plunged -0.53%; money fled US assets, while gold and silver were relatively unaffected. So what caused the ...

Discussion - davefairtex - Mar 20 2018 - 8:34am - 0 comments - 0 attachments