Gold & Silver - Discussions

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  • davefairtex's picture
    Jun 17 2018 - 3:42am by davefairtex

    On Friday, gold plunged -23.80 [-1.82%] on extremely heavy volume, and silver dived -0.62 [-3.61%] to 16.57 on extremely heavy volume also. Most commodity sectors were hit hard, presumably by concerns about tariffs, and PM was no exception.

  • davefairtex's picture
    Jun 15 2018 - 3:58am by davefairtex

    Gold rose +2.90 [+0.22%] to 1305.80 on heavy volume, while silver rose +0.12 [+0.73%] to 17.19 on extremely heavy volume. And for the cause: the buck shot up +1.14%, with the Euro plunging -1.85%. For gold to rally on a day the Euro tanked this hard is a minor miracle; gold in Euros was up 2.05%; that would be a $26 rally if it happened in USD. So what happened?

  • davefairtex's picture
    Jun 14 2018 - 3:47am by davefairtex

    Gold rose +3.30 [+0.25%] to 1302.90 on moderate volume, while silver jumped +0.18 [+1.07%] to 17.07 on very heavy volume. The buck fell -0.05%, but that's only because DX futures closed prior to the fairly substantial moves that took place during Powell's press conference.

  • davefairtex's picture
    Jun 13 2018 - 1:21am by davefairtex

    Gold fell -4.90 [-0.38%] to 1299.60 on moderate volume, while silver fell -0.07 [-0.41%] on moderate volume also. The buck rose +0.26%, which accounts for a good-sized chunk of the fall in PM.

    FOMC started its meeting today, but it was overshadowed by the Trump-KJU summit in Singapore. From “little rocket man” to “the man loves his country” in 9 months.

  • davefairtex's picture
    Jun 12 2018 - 4:11am by davefairtex

    Gold rose +1.00 [+0.08%] to 1304.50 on moderate volume, while silver climbed +0.13 [+0.80%] to 16.95 on heavy volume. The buck edged up +0.03% - effectively no change.

    Gold more or less moved sideways today, printing a neutral-looking high wave candle. Gold forecaster rose +0.10 to +0.09, which is a tentative buy signal for gold. The GC.EUR chart is a bit cleaner – gold in Euros is trending a bit more strongly - and GC.EUR forecaster also issued a buy signal, up +0.15 to +0.11.

    COMEX GC open interest rose 1,285 contracts.

  • davefairtex's picture
    Jun 10 2018 - 11:18am by davefairtex

    On Friday, gold rose +2.20 [+0.17%] to 1303.50 on moderate volume, while silver climbed +0.09 [+0.54%] on moderately heavy volume. The buck rallied +0.17%, which tells us that gold did fairly well in Euros – a welcome change from the declines we saw earlier in the week.

  • davefairtex's picture
    Jun 8 2018 - 2:04am by davefairtex

    Gold rose +0.70 [+0.05%] to 1301.30 on moderate volume, while silver climbed +0.03 [+0.15%] to 16.73 on very heavy volume. The buck fell -0.29% today; this move lower in the buck didn't seem to help the metals much at all.

  • davefairtex's picture
    Jun 7 2018 - 8:51am by davefairtex

    Gold rose +0.10 [+0.01%] to 1300.60 on moderate volume, while silver climbed +0.20 [+1.21%] to 16.70 on very heavy volume. The buck fell -0.24% today, while copper jumped +1.71%. This suggests to me that the safe haven mood is ebbing, while – possibly – the inflation trade is coming back on. That is probably why silver rallied today, while gold did not.

    Gold chopped sideways today, in spite of the Euro moving up +0.50%. That's not particularly good news for gold. Forecaster did move higher, up +0.10 to +0.57, but gold in Euros continued to decline.

  • davefairtex's picture
    Jun 6 2018 - 4:46am by davefairtex

    Gold rose +4.60 [+0.35%] to 1300.50 on moderate volume, while silver climbed +0.08 [+0.49%] to 16.50 on moderately heavy volume. The buck continued moving lower, losing -0.13%; the currency movements seemed to have an outsized effect on PM today.

  • Hard Assets Alliance's picture
    Jun 5 2018 - 12:59pm by Hard Assets Alliance

    Two months ago, we hosted a conference featuring 25 world-famous asset managers, investment experts, and economists who discussed their economic outlook and predictions.

    I’m talking big names like “bond king” Jeff Gundlach, David Rosenberg, Louis Gave, and others.

    As you can imagine, these speakers usually don’t talk much about gold. They’re more concerned with stocks, funds, bonds, and the like.

    But this year was different.