Gold & Silver - Discussions

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  • davefairtex's picture
    Dec 11 2018 - 7:48am by davefairtex

    Gold fell -3.94 [-0.31%] to 1251.07 on moderate volume, while silver dropped -0.08 [-0.58%] to 14.62 on moderately light volume. The buck shot up +0.74%, a very large move; considering that, gold and silver actually did fairly well. The equity market was hit hard but then recovered, rising +0.18%.

  • davefairtex's picture
    Dec 9 2018 - 6:17am by davefairtex

    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 -2.8 bp to 2.85%). It was another risk-off day.

    The fun events this week:

  • davefairtex's picture
    Dec 7 2018 - 6:28am by davefairtex

    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 also (-0.24%). It was another exciting day.

  • davefairtex's picture
    Dec 5 2018 - 5:38am by davefairtex

    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 exciting day, but only if you were short risk assets.

  • davefairtex's picture
    Dec 4 2018 - 5:41am by davefairtex

    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%.

  • davefairtex's picture
    Dec 2 2018 - 4:32am by davefairtex

    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 buck rose +0.51%, a strong move, which definitely pulled metals prices lower. Also at play was the accelerating collapse of platinum: platinum dropped -2.50%, and I suspect that helped pull the rest of the metals lower as well.

  • davefairtex's picture
    Nov 30 2018 - 6:27am by davefairtex

    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 spinning top candle (which looked a bit like a shooting star) was a bullish continuation, and forecaster rose +0.21 to +0.09, which was a buy signal for gold. This puts gold in an uptrend in both the daily and weekly timeframes. Really not much happened today.

  • davefairtex's picture
    Nov 29 2018 - 1:35am by davefairtex

    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 caused all the fuss?

  • davefairtex's picture
    Nov 28 2018 - 6:53am by davefairtex

    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 drag prices of most of the metals group down.

  • davefairtex's picture
    Nov 27 2018 - 6:18am by davefairtex

    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 reasonably strong effect on gold and silver intraday; the failed rally in the Euro paralleled the failed rallies in both gold and silver, although the size of the actual moves was minor.