Gold & Silver - Discussions

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  • davefairtex's picture
    Nov 23 2017 - 7:30am by davefairtex

    Gold rallied +11.70 [+0.91%] to 1291.80 on extremely heavy volume, while silver moved up +0.19 [+1.12%] to 17.13 on heavy volume. The rally in PM mirrors a big (-0.78%) plunge in the buck; much of today PM's move was just a currency effect.

  • davefairtex's picture
    Nov 22 2017 - 3:38am by davefairtex

    Gold moved up +3.90 [+0.31%] to 1280.10 on heavy volume, and silver moved up +0.05 [+0.33%] to 16.94 on heavy volume also. Both gold and silver tried to rally after yesterday's big smash, but the rallies largely failed.

  • davefairtex's picture
    Nov 21 2017 - 2:48am by davefairtex

    Gold plunged -18.20 [-1.41%] to 1276.20 on very heavy volume, and silver fell -0.42 [-2.43%] to 16.89 on extremely heavy volume. The selling pressure started at around 8:30 am, and relentlessly pounded gold, silver, and platinum down through about mid-day.

  • rl's picture
    Nov 20 2017 - 5:28pm by rl
    Hello all,
     
    On USAWatchdog.com, there are a lot of good points about Bitcoin
    https://usawatchdog.com/?s=bitcoin
     
     
    In particular, I like what Rob Kirby has had to say
    https://usawatchdog.com/rise-of-crypto-currency-means-rejection-of-us-dollar-rob-kirby/
    https://usawatchdog.com/dark-dollars-propping-up-failing-system-rob-kirby/
     
     
    Have Chris and friends done a video on their thoughts about Bitcoin and Crypto Currencies?
  • rl's picture
    Nov 20 2017 - 5:28pm by rl
    Hello all,
     
    On USAWatchdog.com, there are a lot of good points about Bitcoin
    https://usawatchdog.com/?s=bitcoin
     
     
    In particular, I like what Rob Kirby has had to say
    https://usawatchdog.com/rise-of-crypto-currency-means-rejection-of-us-dollar-rob-kirby/
    https://usawatchdog.com/dark-dollars-propping-up-failing-system-rob-kirby/
     
     
    Have Chris and friends done a video on their thoughts about Bitcoin and Crypto Currencies?
  • davefairtex's picture
    Nov 18 2017 - 5:11am by davefairtex

    On Friday gold rallied +15.90 [+1.24%] to 1294.40 on heavy volume, and silver jumped +0.23 [+1.32%] to 17.30 on very heavy volume. The rallies on Friday had nothing to do with currencies – it seemed to be a relatively broad-based commodity rally, with energy, PM, agriculture, and industrial metals all moving higher. Both silver and gold broke above their recent trading ranges, and there appeared to be some short-covering that happened on the breakout.

  • davefairtex's picture
    Nov 17 2017 - 12:07am by davefairtex

    Gold rose +0.70 [+0.05] to 1278.50 on moderate volume, while silver climbed +0.10 [+0.59%] to 17.08 on moderate volume also. In the PM space, it was an fairly uneventful day.

    In risk assets, things were more exciting.  Republicans in the House passed their version of Tax Reform, and the Senate finance committee voted to approve the Senate version of the bill (which includes removing the Obamacare mandate) to the full Senate for a vote.  This was seen by the markets as a positive for equities and other risk assets.

  • davefairtex's picture
    Nov 15 2017 - 11:50pm by davefairtex

    Gold fell -2.60 [-0.20%] to 1277.80 on extremely heavy volume, and silver dropped -0.04 [-0.24%] to 16.98 on very heavy volume.

    As with yesterday, gold and silver both suffered some “nonstandard selling pressure” which ended up forcing a failed rally. Prior to the event, both metals had staged reasonably strong rallies, and at the same time, SPX had sold off about 10 points overnight in the futures markets.

  • davefairtex's picture
    Nov 15 2017 - 12:30am by davefairtex

    Gold rose +1.90 [+0.15%] to 1280.40 on very heavy volume, while silver fell -0.04 [-0.21%] to 17.02 on moderate volume.  There was a lot of movement intraday, as well as some large currency moves; the Euro rallied a big +1.11%, which tells you that gold and silver actually dropped fairly hard when viewed in Euros.

  • davefairtex's picture
    Nov 14 2017 - 4:42am by davefairtex

     

    Gold rose +2.90 [+0.23%] to 1278.50 on very heavy volume, and silver climbed +0.18 [+1.07%] to 17.05 on very heavy volume. Currencies did not move much, and neither did gold.

    Gold moved slowly higher starting in Asia through most of the day in New York, trailing off a bit at the close.  Candle print for gold today was a short white/NR7, which was neutral. However, the forecaster plunged -0.24 to read -0.41, which suggests the downtrend will accelerate for gold. After having two weeks worth of heavy volume days, the volume today was quite light.