precious metals

Results for precious metals

PM End of Week Market Commentary - 7/21/2017

  On Friday gold rose +10.60 [+0.85%] to 1261.10 on heavy volume, while silver climbed +0.20 [+1.20%] to 16.50 on moderate volume. The buck continued to plunge; on Friday it was down -0.47%, which says that more than half of gold's move was a ...

Discussion - davefairtex - Jul 22 2017 - 9:15pm - 0 comments - 0 attachments

PM Daily Market Commentary - 7/20/2017

Gold rose +9.60 to 1250.50 on very heavy volume, while silver moved up +0.05 to 16.40 on moderate volume. Although the move in gold looked strong, the majority of today's move ($6.60) was due to a contract roll and the associated contango. A very ...

Discussion - davefairtex - Jul 21 2017 - 8:45am - 0 comments - 0 attachments

PM Daily Market Commentary - 7/19/2017

Gold fell -1.00 to 1240.90 on heavy volume, while silver dropped -0.01 to 16.25 on moderate volume. Since the buck actually rallied +0.18, it was a mildly positive day for PM. Gold sold off a bit in Asia, making a low to 1235.10, but then it ...

Discussion - davefairtex - Jul 20 2017 - 5:04am - 7 comments - 0 attachments

PM Daily Market Commentary - 7/18/2017

Sorry for no post yesterday; I was traveling - one of those long transpacific flights. Gold rose +8.70 [+0.71%] to 1241.90 on heavy volume, while silver rose +0.18 [+1.12%] to 16.26 on moderate volume. The buck was hammered, dropping -0.54%; much of ...

Discussion - davefairtex - Jul 19 2017 - 2:46am - 1 comment - 0 attachments

PM End of Week Market Commentary - 7/14/2017

  On Friday gold rose +11.30 to 1228.00 on heavy volume, while silver climbed +0.29 to 15.95 on moderately heavy volume. A strong move down in the buck helped the metals substantially: when viewed in Euros, the move in gold today was fairly tepid, ...

Discussion - davefairtex - Jul 15 2017 - 7:58am - 9 comments - 0 attachments

PM Daily Market Commentary - 7/13/2017

Gold fell -3.00 to 1216.70 on heavy volume, while silver fell -0.22 to 15.66 on moderate volume. While gold started fading a bit during the London session, silver started its plunge just after 930 am, as Yellen testified before Congress once more – this ...

Discussion - davefairtex - Jul 14 2017 - 7:49am - 6 comments - 0 attachments

PM Daily Market Commentary - 7/12/2017

Gold rose +2.70 to 1219.70 on heavy volume, while silver rose +0.06 to 15.88 on moderately heavy volume.  Gold and silver shot higher after Yellen's testimony to Congress started at 830 am Eastern, but the gains from the rally didn't last ...

Discussion - davefairtex - Jul 13 2017 - 6:29am - 2 comments - 0 attachments

PM Daily Market Commentary - 7/11/2017

Gold rose +3.30 to 1217.00 on moderately heavy volume, while silver rose +0.19 to 15.82 on moderately heavy volume also. Once again, the metals sold off in Asia, but this time they did not make new lows. Gold and silver behaved differently; because of ...

Discussion - davefairtex - Jul 12 2017 - 7:14am - 11 comments - 0 attachments

PM Daily Market Commentary - 7/10/2017

  Gold rose +1.80 to 1213.70 on heavy volume, while silver rose +0.07 to 15.63 on very heavy volume. The metals sold off hard in Asia, with gold bottoming out at 1204 and silver at 15.13, but then buyers appeared especially after the opening in New ...

Discussion - davefairtex - Jul 11 2017 - 4:47am - 5 comments - 0 attachments

PM End of Week Market Commentary - 7/7/2017

On Friday gold fell -12.80 [-1.05%] to 1211.90 on very heavy volume, while silver was driven down -0.46 [-2.84%] on extremely heavy volume. Silver was crushed early in Asia – even before the Japan open – with a $1.50 cent move down in about a minute. ...

Discussion - davefairtex - Jul 8 2017 - 7:59am - 4 comments - 0 attachments

PM Daily Market Commentary - 7/6/2017

Gold fell -1.80 to 1224.70 on moderate volume, while silver dropped -0.06 to 16.02 on moderate volume also. A fairly strong move down in the buck didn't provide much help at all to PM, which was under selling pressure again in Europe, where both ...

Discussion - davefairtex - Jul 7 2017 - 5:05am - 1 comment - 0 attachments

PM Daily Market Commentary - 7/5/2017

Gold rose +7.00 [+0.57%] to 1226.50 on extremely heavy volume, while silver dropped -0.05 [-0.31%] to 16.06 on very heavy volume. Gold and silver sold off during the European trading hours, but bounced back once the US hours started, with buyers more ...

Discussion - davefairtex - Jul 6 2017 - 2:26am - 27 comments - 0 attachments

PM Daily Market Commentary - 7/3/2017

Gold plunged -21.90 [-1.76%] to 1219.50 on very heavy volume, and silver dropped -0.52 [-3.10%] to 16.11 on moderate volume. Most of the plunge occurred before the US market opened; it looked as if the Europeans were bailing out of gold, silver, and ...

Discussion - davefairtex - Jul 4 2017 - 3:15pm - 14 comments - 0 attachments

PM End of Week Market Commentary - 6/30/2017

On Friday gold moved down -4.20 [-0.34%] to 1241.40 on moderately heavy volume, while silver fell -0.01 to 16.62 on moderate volume. PM was mostly bearish this week, with some elements giving back all of last week's gains. Copper was the clear ...

Discussion - davefairtex - Jul 1 2017 - 10:30pm - 10 comments - 0 attachments

PM Daily Market Commentary - 6/29/2017

Gold fell -3.80 to 1245.60 on heavy volume, while silver dropped -0.19 to 16.64 on heavy volume also. The plunge in the metals started in Asia, and continued through to just before the open in New York. It paralleled a drop in the US long bond futures ...

Discussion - davefairtex - Jun 30 2017 - 3:49am - 10 comments - 0 attachments

PM Daily Market Commentary - 6/28/2017

Gold rose +1.90 to 1249.40 on moderately heavy volume, while silver rose +0.15 to 16.83 on very heavy volume. Silver definitely outperformed gold, but at least half of the move was an artifact of contango from a contract-roll, which happened today. ...

Discussion - davefairtex - Jun 29 2017 - 8:48am - 4 comments - 0 attachments

PM Daily Market Commentary - 6/27/2017

Gold rose +2.20 [+0.18%] to 1247.50 on moderately heavy volume, while silver rose +0.05 [+0.33%] to 16.68 on very heavy volume. While both metals moved higher, the buck was crushed, falling -1.02 [-1.05%] to 96.09. This means that, in Euro terms, both ...

Discussion - davefairtex - Jun 28 2017 - 5:17am - 10 comments - 0 attachments

PM Daily Market Commentary - 6/26/2017

Gold fell -12.50 [-0.99%] to 1245.30 on moderately heavy volume, while silver fell -0.06 [-0.63%] on very heavy volume. There was a small dollar rally today, but the entire impulse behind the move in PM was a massive spike assault that happened at 04:00 ...

Discussion - davefairtex - Jun 27 2017 - 3:23am - 8 comments - 0 attachments

PM End of Week Market Commentary - 6/23/2017

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. ...

Discussion - davefairtex - Jun 25 2017 - 6:30am - 16 comments - 0 attachments

PM Daily Market Commentary - 6/22/2017

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. Gold followed through off ...

Discussion - davefairtex - Jun 23 2017 - 3:21am - 7 comments - 0 attachments