Gold & Silver - Discussions

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  • davefairtex's picture
    Apr 20 2019 - 6:08am by davefairtex

    On Thursday, gold rose +1.73 [+0.14%] to 1279.99 on moderately heavy volume, and silver climbed +0.03 [+0.20%] to 14.96 on heavy volume. The buck jumped +0.50%, both crude [+0.31%] and SPX moved higher [+0.16%], as did bonds [10Y -3.2 bp].

    The metals were split this week; palladium staged a strong rally along with platinum, gold fell, while silver managed to squeak out a gain. Roughly speaking the industrial metals look relatively stronger, PM was mixed, and the miners looked weak, with juniors leading the seniors lower.  That's bearish for PM.

  • davefairtex's picture
    Apr 18 2019 - 9:44am by davefairtex

    Gold fell -3.14 [-0.25%] to 1278.26 on moderate volume, while silver dropped -0.02 [-0.13%] to 14.94 on very heavy volume. The dollar was unchanged, SPX moved lower [-0.23%] along with crude [-0.95%], while treasury bonds rallied [10Y -2.9 bp]. There were hints of risk off today.

    Gold tried a feeble rally in Asia, but it failed, and gold slowly fell into the close. The short black candle was a bearish continuation, and while the forecaster rebounded somewhat, it remained in a downtrend. Gold remains in a downtrend in all 3 timeframes. No sign of a reversal today.

  • randyfloyd's picture
    Apr 17 2019 - 6:38am by randyfloyd

    Hi folks!

    I'm looking to allocate PMs into vault storage.  I'm unsure, though, how to allocate domestically vs. overseas.  I personally am in the USA, but I think this is a good exercise for everyone.

    There are advantages to holding domestically (such as having easier access, no customs, etc) and also to holding foreign (diversification of risk, etc).

    What percentage of your vault holdings "should" be domestic, and how much overseas?

  • davefairtex's picture
    Apr 17 2019 - 5:18am by davefairtex

    Gold dropped -11.26 [-0.87%] to 1281.40 on heavy volume, while silver inched up +0.01 [+0.07%] to 14.96 on heavy volume.  The buck was little-changed [+0.09%], as was SPX [+0.05%], while crude jumped higher [+1.16%] and bonds fell [10Y +3.9 bp].  Safe havens gave it up today, for the most part.

  • davefairtex's picture
    Apr 16 2019 - 8:48am by davefairtex

    Gold fell -2.49 [-0.19%] to 1292.66 on moderately heavy volume, while silver rose +0.02 [+0.10%] to 14.95 on heavy volume. The buck hardly moved [-0.06%], crude edged lower [-0.28%], as did SPX [-0.06%].

  • davefairtex's picture
    Apr 13 2019 - 8:11am by davefairtex

    On Friday, gold fell -2.22 [-0.17%] to 1295.15 on moderate volume, while silver climbed +0.01 [+0.07%] to 14.93 on heavy volume. The buck fell [-0.23%] while crude [+0.19%] and SPX [+0.68%] rallied. Copper did especially well [+1.66%].

    It was a down week for most of the metals; junior miners dropped more than seniors, silver dropped more than gold. That all looks relatively bearish.  Most items have dropped through both 9 and 50 MA lines, with silver looking weakest.  From the standpoint of the moving averages, platinum and copper look strongest.

  • davefairtex's picture
    Apr 12 2019 - 4:31am by davefairtex

    Gold plunged -16.00 [-1.22%] to 1297.37 on very heavy volume, while silver dropped -0.28 [-1.81%] to 14.92 on extremely heavy volume. The other metals plunged along with crude [-1.08%], the buck rose [+0.26%], while bonds fell [10Yyield +2.7 bp].

  • davefairtex's picture
    Apr 11 2019 - 8:14am by davefairtex

    Gold rose +3.92 [+0.30%] to 1313.37 on moderate volume, while silver moved up +0.01 [+0.03%] to 15.20 on heavy volume. Both crude [+0.55%] and SPX climbed [+0.35%], while the buck was virtually unchanged [-0.06%].

  • davefairtex's picture
    Apr 10 2019 - 6:14am by davefairtex

    Gold climbed +6.79 [+0.52%] to 1309.45 on moderate volume, while silver fell -0.03 [-0.20%] to 15.19 on heavy volume. SPX fell [-0.61%], as did crude [-0.23%], but really not much else happened.

  • davefairtex's picture
    Apr 9 2019 - 4:06am by davefairtex

    Gold rose +6.01 [+0.46%] to 1302.66 on moderate volume, while silver climbed +0.14 [+0.93%] to 15.22 on moderately heavy volume. The other metals all moved higher, the buck fell [-0.38%], SPX went nowhere [+0.10%] while crude made yet another new high [+1.56%].