Commentary for Friday, Jan 29, 2016 (www.golddealer.com) – Gold closed up $1.20 at $1116.80 in another round of ho-hum trading but it did end the week up $19.00. Which is not much considering the FOMC stood-pat on interest rates and released information that suggests they are “watching the numbers” when…
Commentary for Thursday, Jan 28, 2016 (www.golddealer.com) – Gold closed down $1.20 on the Comex today at $1114.90. So gold is hanging “around” so to speak but a lower closed today is not good considering the aftermarket yesterday was up as much as $8.00 after the FOMC appeared dovish in…
Commentary for Wednesday, Jan 27, 2016 (www.golddealer.com) – Gold closed down $5.60 on the Comex today at $1116.10. Keep in mind this close was before the FOMC announcement since that time gold has shown an $8.00 aftermarket – which means the electronic paper market saw the FOMC information release as…
commentary for Tuesday, Jan 26, 2016 (www.golddealer.com) – Gold closed up $15.50 on the Comex today at $1121.70. This will be described as a combination of safe-haven buying and technical follow through – but there is something that is just not right with this latest push. Granted gold continues firm…
Commentary for Monday, Jan 25, 2016 (www.golddealer.com) – Gold closed up $9.00 on the Comex today at $1106.20 – which is good but without some follow-through momentum this pitch up remains part of the defensive picture. Normally – as the technical picture improves this place develops a great buzz –…
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Commentary for Friday, Jan 22, 2016 (www.golddealer.com) – Gold closed down a tepid $1.90 today on the Comex at $1097.20. The trading pattern for gold today was more defensive than anything else – it opened lower trading as low as $1095.00 before turning around again moving over $1100.00 – finally…
Commentary for Thursday, Jan 21, 2016 (www.golddealer.com) – Gold closed down $8.00 today on the Comex at $1099.10. A not unexpected result of yesterday’s big push to the upside – as the international stakes move higher expect a much more volatile market. But for now this move to the downside…
Commentary for Wednesday, Jan 20, 2016 (www.golddealer.com) – Gold closed up $17.20 on the Comex today at $1107.10 in another surprise move – as world stock markets once again falter and safe-haven buying is brought out again from the back burner. I’m usually not big on pattern trading – but…
Commentary for Friday, Jan 15, 2016 (www.golddealer.com) – Gold closed up $17.60 today on the Comex at $1091.50. Even with all the fanfare the price of gold has been on the choppy side – even with today’s advance we are down $8.00 on the week after an advance of $39.00…