DaveFairTex

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PM Weekly Market Commentary - 12/7/2018

On Friday, gold rose +11.07 [+0.89%] to 1255.01 on moderately heavy volume, while silver climbed +0.16 [+1.10%] to 14.70 on moderately heavy volume also. Equities were hammered [SPX -2.33%], the buck fell [-0.30%], and bonds rallied (10-year yield fell ...

Discussion - davefairtex - Dec 9 2018 - 6:17am - 3 comments - 0 attachments

PM Daily Market Commentary - 12/6/2018

Gold rose +0.57 [+0.05% to 1243.94 on moderate heavy volume, while silver fell -0.03 [-0.21%] to 14.54 on moderate volume. SPX plunged hard but then rebounded almost as hard (-0.15%), bonds rallied (TLT +0.31%), crude fell (-2.29%), and the buck fell ...

Discussion - davefairtex - Dec 7 2018 - 11:00am - 1 comment - 0 attachments

PM Daily Market Commentary - 12/5/2018

Gold climbed +8.00 [+0.65%] to 1244.56 on moderately heavy volume, while silver rose +0.15 [+1.04%] to 14.61 on moderately heavy volume also. The buck fell -0.07%, SPX was pounded losing -3.24%, JNK dropped -0.52%, while TLT shot up +1.67%. It was an ...

Discussion - davefairtex - Dec 5 2018 - 6:15am - 0 comments - 0 attachments

PM Daily Market Commentary - 12/3/2018

Gold rose +8.47 [+0.69%] to 1236.56 on moderately heavy volume, while silver rose +0.21 [+1.44%] to 14.46 on heavy volume. The buck fell -0.28%, SPX rallied +1.09%, but crude was the big winner: up +4.73%. This is the first trading day after the ...

Discussion - davefairtex - Dec 4 2018 - 6:15am - 0 comments - 0 attachments

PM Monthly Market Commentary - Nov 2018

Once again, end of month fell on a weekend, so I'll be doing a monthly update rather than a weekly. On Friday, gold fell -1.86 [-0.15%] to 1228.09 on light volume, while silver dropped -0.13 [-0.94%] to 14.25 on moderately heavy volume. The ...

Discussion - davefairtex - Dec 2 2018 - 11:56am - 9 comments - 0 attachments

PM Daily Market Commentary - 11/29/2018

Gold rose +2.46 [+0.20%] to 1229.95 on heavy volume, while silver fell -0.03 [-0.21%] to 14.38 on heavy volume also. The buck was virtually unchanged, up +0.01%. Gold staged a small failed rally today, trying to move higher but largely failing. The ...

Discussion - davefairtex - Nov 30 2018 - 11:03am - 1 comment - 0 attachments

PM Daily Market Commentary - 11/28/2018

Gold rose +6.69 [+0.55%] to 1227.49 on extremely heavy volume, while silver climbed +0.17 [+1.23%] to 14.41 on extremely heavy volume also. The buck plunged -0.62%, a very large move. Equities shot up +2.3%, copper +2.87% - it was a risk on day. What ...

Discussion - davefairtex - Nov 29 2018 - 11:30am - 0 comments - 0 attachments

PM Daily Market Commentary - 11/27/2018

Gold fell -7.94 [-0.65%] to 1220.80 on extremely heavy volume, while silver dropped -0.08 [-0.56%] to 14.24 on extremely heavy volume also. The buck jumped +0.31%, which definitely affected metals prices today; the Euro moved lower, and that seemed to ...

Discussion - davefairtex - Nov 28 2018 - 11:13am - 8 comments - 0 attachments

PM Daily Market Commentary - 11/26/2018

Gold fell -0.65 [-0.05%] to 1228.74 on extremely heavy volume, while silver dropped -0.07 [-0.49%] to 14.19 on extremely heavy volume also. SPX rallied strongly (+1.55%) along with crude (+2.46%). The buck rose +0.15%. Currency movements had a ...

Discussion - davefairtex - Nov 27 2018 - 2:20pm - 0 comments - 0 attachments

PM Weekly Market Commentary - 11/23/2018

On Friday, gold fell -2.82 [-0.23%] to 1229.39 on very heavy volume, while silver plunged -0.23 [-1.59%] to 14.26 on extremely heavy volume. The buck rose +0.24%, which accounts for gold's move, but not silver's much larger plunge. Palladium ...

Discussion - davefairtex - Nov 26 2018 - 7:53pm - 0 comments - 0 attachments

PM Daily Market Commentary - 11/21/2018

Gold rose +4.65 [+0.38%] to 1232.21 on heavy volume, while silver climbed +0.20 [+1.36%] to 14.49 on very heavy volume. The buck dropped -0.13%; it wasn't much of a factor today. Gold made a new high; the long white candle was a bullish ...

Discussion - davefairtex - Nov 23 2018 - 11:53am - 3 comments - 0 attachments

PM Daily Market Commentary - 11/20/2018

Gold fell -2.75 [-0.22%] to 1227.56 on heavy volume, while dropped -0.11 [-0.76%] to 14.29 on extremely heavy volume. The buck screamed higher, up +0.67%, which caused the bulk of the trouble for the metals today – in fact, the rest of the metals group ...

Discussion - davefairtex - Nov 21 2018 - 10:21am - 0 comments - 0 attachments

PM Daily Market Commentary - 11/19/2018

Gold rose +2.67 [+0.22%] to 1230.31 on moderately heavy volume, while silver moved up +0.01 [+0.10%] to 14.40 on moderately heavy volume also. The buck fell -0.28%, while the rest of the metals were mixed. Risk ran into trouble again today, with SPX off ...

Discussion - davefairtex - Nov 20 2018 - 6:17pm - 2 comments - 0 attachments

PM Daily Market Commentary - 11/15/2018

Gold rose +2.37 [+0.19%] to 1219.04 on heavy volume, while silver moved up +0.16 [+1.13%] to 14.27 on very heavy volume. The buck rose +0.15%, a relatively modest move, which didn't seem to hurt the metals at all.  In fact, the overall metals group ...

Discussion - davefairtex - Nov 17 2018 - 3:46pm - 0 comments - 0 attachments

PM Daily Market Commentary - 11/14/2018

Gold rose +8.74 [+0.72%] to 1216.67 on very heavy volume, while silver moved up +0.14 [+1.04%] to 14.11 on very heavy volume also. The buck plunged -0.51%, a strong drop. Gold moved sideways for most of the day, then suddenly took off at around ...

Discussion - davefairtex - Nov 15 2018 - 3:50am - 0 comments - 0 attachments

PM Daily Market Commentary - 11/13/2018

Gold rose +1.87 [+0.16%] to 1207.93 on very heavy volume, while silver moved down -0.01 [-0.04%] to 13.96 on very heavy volume also. The buck fell -0.26%, which helped the metals from collapsing further, but the real action was in crude: after dropping ...

Discussion - davefairtex - Nov 14 2018 - 11:07am - 7 comments - 0 attachments

PM Daily Market Commentary - 11/12/2018

Gold fell -9.44 [-0.78%] to 1206.06 on heavy volume, while silver fell -0.16 [-1.13%] to 13.97 on heavy volume. The buck rose +0.64%, another strong move, breaking out to new highs, causing much of the difficulty in the metals. Currency was front ...

Discussion - davefairtex - Nov 13 2018 - 9:55am - 0 comments - 0 attachments

PM Weekly Market Commentary - 11/9/2018

On Friday, gold fell -14.10 [-1.15%] to 1215.50 on extremely heavy volume, while silver dropped -0.29 [-201%] to 14.13 on extremely heavy volume also. The buck climbed just +0.19%; it was not the cause of the big drop in PM. The other commodities I ...

Discussion - davefairtex - Nov 11 2018 - 12:06pm - 5 comments - 0 attachments

PM Daily Market Commentary - 11/8/2018

Gold fell -3.39 [-0.27%] to 1229.60 on heavy volume, while silver fell -0.15 [-1.03%] to 14.42 on very heavy volume. The buck shot up +0.76%, a very strong move, which seemed to act as an overall drag on metalsprices. Part of the dollar move came ...

Discussion - davefairtex - Nov 9 2018 - 4:24pm - 0 comments - 0 attachments

PM Daily Market Commentary - 11/7/2018

Gold fell -0.31 [-0.03%] to 1232.99 on heavy volume, while silver rose +0.04 [+0.31%] to 14.57 on very heavy volume. The buck plunged -0.32%, which theoretically should have helped the metals, but didn't. The real winner was the equity market: SPX ...

Discussion - davefairtex - Nov 8 2018 - 4:17pm - 4 comments - 0 attachments