Gold & Silver - Discussions

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  • davefairtex's picture
    Mar 30 2017 - 4:26am by davefairtex

    Gold rose +1.50 to 1256.30 on moderately heavy volume, while silver rose +0.05 to 18.26 on moderate volume. Gold and silver managed to move higher right alongside a rising dollar. That's a pretty good day for the metals.

  • davefairtex's picture
    Mar 29 2017 - 3:47am by davefairtex

    Gold fell -2.50 to 1254.80 on moderately heavy volume, while silver rose +0.09 to 18.21 on moderately heavy volume also. Silver continued to do well, gold less so, but the miners are looking extremely weak. SPX marked a low, as did the buck, as did crude, while TLT marked a top. Today was a day of reversals in many areas.

  • davefairtex's picture
    Mar 28 2017 - 4:09am by davefairtex

    Gold rose +10.90 to 1257.30 on moderate volume, while silver shot up +0.35 to 18.12 on moderate volume also. Silver was the star today, breaking out to new highs and rallying strongly into the close. A falling dollar helped the PM rally effort, although a USD rally around mid-day in the US put a cap on the move higher.

  • davefairtex's picture
    Mar 26 2017 - 5:06am by davefairtex

    On Friday gold fell -1.70 to 1246.40 on moderate volume, while silver climbed +0.18 to 17.77 on moderately light volume. Gold and silver diverged, with silver moving sharply higher while gold drifted downhill.

  • davefairtex's picture
    Mar 24 2017 - 3:57am by davefairtex

    Gold fell -3.70 to 1248.10 on moderate volume, and silver rose +0.04 to 17.59 on moderately light volume. Trading range was narrow for both currencies and the metals.

  • davefairtex's picture
    Mar 23 2017 - 6:23am by davefairtex

    Gold rose +7.20 to 1251.80 on moderately heavy volume, while silver was unchanged at 17.55 on light volume.  After the big plunge in bank stocks yesterday, today was fairly uneventful.
     

  • davefairtex's picture
    Mar 22 2017 - 4:09am by davefairtex

    Gold climbed +10.60 to 1244.60 on heavy volume, while silver moved up +0.12 to 17.55 on moderate volume. PM prices started rising at around 09:00, just before the US market opened; silver jumped first, then gold followed. Although the buck plunged today, the move in the dollar was not the proximate cause for the PM rally. Money fled US risk assets.

  • davefairtex's picture
    Mar 21 2017 - 8:05am by davefairtex

    Gold rose +5.10 to 1234.00 on very light volume, while silver moved up +0.02 to 17.43 on very light volume also. Trading ranges were narrow and volume was light; it was a positive but not very eventful day.

    Gold rallied in Asia, dipped in London, and then rose in the US into the close. Print was a “closing white marubozu/NR7” - a narrow trading range day where prices closed at the high. Candle code sees this as mildly bullish.  The volume has been declining as price has risen over the past few days; that's generally a bearish sign.

  • davefairtex's picture
    Mar 19 2017 - 1:27am by davefairtex

    On Friday gold rose +2.80 to 1228.90 on light volume, and silver climbed +0.08 to 17.41 on light volume also. Gold and silver continued to follow through from swing low printed on Wednesday.

    The metals bounced back this week courtesy of the Fed; everyone expected the rate increase, but the accompanying commentary wasn't as hawkish as the market had feared. In response, gold rallied sharply and the buck fell.

  • davefairtex's picture
    Mar 17 2017 - 4:58am by davefairtex

    Gold rose +6.50 to 1226.10 on moderate volume, while silver fell -0.03 to 17.33 on moderately heavy volume.  Overall, prices took a break after yesterday's strong moves that followed the FOMC announcement.  The falling dollar was not a factor in today's price moves in PM.