Gold & Silver - Discussions

Enter a comma separated list of user names.
  • davefairtex's picture
    Jun 25 2017 - 6:30am by davefairtex

    On Friday gold moved up +6.60 to 1257.80 on moderate volume, while silver climbed +0.16 to 16.73 on heavy volume. A strong move down in the buck encouraged gold and silver to rally, but the move in the metals was stronger than just a currency effect.

  • davefairtex's picture
    Jun 23 2017 - 3:21am by davefairtex

    Gold rose +3.70 to 1251.20 on moderate volume, while silver climbed +0.09 to 16.57 on very heavy volume. A small dollar rally caused some trouble, but was not enough to derail the move higher in gold and silver.

  • davefairtex's picture
    Jun 22 2017 - 3:48am by davefairtex

    Gold rose +3.40 to 1247.50 on moderate volume, while silver climbed +0.05 to 16.48 on heavy volume. A drop in the buck helped the metals to move up slightly today.  Is the plunge over?  Executive summary: Maybe.

  • davefairtex's picture
    Jun 21 2017 - 7:04am by davefairtex

    Gold fell -1.00 to 1244.10 on moderate volume, while silver fell -0.04 to 16.43 on moderate volume also. Both metals tried to rally and failed, but it all happened in a relatively narrow range. The buck made a new high, which didn't help, and the other metals (except palladium, of course) had bad days also.

  • davefairtex's picture
    Jun 20 2017 - 4:58am by davefairtex

    Gold fell -10.10 [-0.80%] to 1245.10 on moderate volume, while silver fell -0.21 to 16.46 on heavy volume. Macron won a 62% majority in the French parliamentary elections held Sunday, which is pretty much of a landslide, all on a record-low voter turnout. The buck rallied fairly strongly, while most of the metals fell. The tech sector led equities to a new all time high – it was a risk on day in most sectors I watch.

    The future is so bright, you have to wear shades!

  • davefairtex's picture
    Jun 18 2017 - 8:39am by davefairtex

    On Friday gold moved down -0.30 to 1255.20 on moderately light volume, while silver fell -0.04 to 16.68 on moderately heavy volume.

  • davefairtex's picture
    Jun 16 2017 - 5:37am by davefairtex

    Gold fell -7.00 [-0.55%] to 1255.50 on heavy volume, while silver fell -0.16 to 16.72 on very heavy volume. Both metals followed through from yesterday's big reversal. That said, the dollar's strong rally [+0.57%] meant that gold's fall was just a currency effect.

    It was a busy news day today:

  • davefairtex's picture
    Jun 15 2017 - 4:51am by davefairtex

    Gold fell -6.00 to 1262.50 on extremely heavy volume, while silver rose +0.06 to 16.88 on very heavy volume. A weak retail sales report at 830 am first caused gold to spike higher, but then the FOMC announcement came along at 2pm and gold was hammered down to a new low at 1259. Silver largely followed gold.

  • davefairtex's picture
    Jun 14 2017 - 5:42am by davefairtex

    Gold rose +0.60 to 1268.50 on moderate volume, while silver dropped -0.13 to 16.82 on very heavy volume. While silver continued moving lower, gold managed to find buyers, and the mining shares actually did quite well.

    Gold sold off in the early part of the day, making a new low to 1260.50 before buyers appeared pushing prices back to even. The intraday reversal resulted in a high wave print which the code found quite bullish: a 70% chance of marking a low here. Gold appears to have found support at 1260/the 50 MA the day before the FOMC announcement.

  • davefairtex's picture
    Jun 13 2017 - 4:58am by davefairtex

    Gold fell -0.90 to 1267.90 on moderate volume, while silver dropped -0.23 to 16.95 on very heavy volume. Gold traded sideways within a range, while silver just steadily sold off, paralleling a move down in copper.

    Not much happened today in gold; although gold made a new low to 1265.60, it was a very minor dip down. The trading range today was narrow, but ultimately the short black/spinning top candle print probably did not mark a low.

    Open interest at COMEX for GC fell -548 contracts.

    Rate rise chances (June 2017) remain at 99%.