Commentary for Friday, Dec 5, 2014 (www.golddealer.com) – Gold closed down $17.40 today at $1190.10 reacting to the latest good news from Uncle Sam. This from Jim Wyckoff (Kitco) – “U.S. non-farm payroll employment rose by a much-higher-than-expected 321,000 jobs in November. The market place had expected a rise of…
Commentary for Thursday, Dec 4, 2014 (www.golddealer.com) – Gold closed down $1.00 at $1207.50 after some theater from Mario Draghi. Traders were listening carefully to what ECB President Mario Draghi had to say about Europe – the European Union – the euro and finally their collective plans to make sure…
Commentary for Wednesday, Dec 3, 2014 (www.golddealer.com) – Gold closed up $9.50 at $1208.50 even though the Dollar Index surged higher which means we might be seeing some bargain hunting above $1200.00 as hard as that might be to believe. Again watching the Dollar Index we began the trading day…
Commentary for Tuesday, Dec 2, 2014 – Gold closed down $18.80 today at $1199.30 throwing a bit of cold water on yesterday’s rally. This market is the perfect storm for rattling everyone’s nerves because there are a number of longer term trends being looked at carefully. The physical market seems solid…
Commentary for Monday, Dec 1, 2014 – Gold closed up $42.80 at $1218.00 as the aftermarket sell off on Sunday was corrected in the domestic US market. Gold’s initial weakness began last Friday (down $21.00) and the lower trend was reinforced as Swiss citizens rejected their referendum vote on gold…