Commentary for Tuesday, June 16, 2015 – Gold closed down $4.80 today on the Comex in quiet trading. This market continues to drift – looking for something new to get excited about. The usual talk about what the Greeks are doing or what the FOMC might say today or tomorrow…
Commentary for Monday, June 15, 2015 – Gold closed up $6.50 today on the Comex at $1185.30 – a disappointment really. Gold sold off overnight in the Honk Kong market and recovered somewhat in London – that small rally moved into the domestic market but top to bottom the range…
Commentary for Friday, June 12, 2015 – Gold closed down a sleepy $1.10 today at $1178.80 on the Comex in what can only be described as a continued choppy market. It traded on both sides of unchanged last night in Hong Kong through London and finally into domestic trading. On the…
Commentary for Thursday, June 11, 2015 – Gold closed down $6.20 at $1179.90 on the Comex today giving up much of yesterday’s gain and once again confirming that narrow trading range between $1170.00 and $1190.00. And traders are already starting to talk about next week’s meeting of the Federal Reserve. So…
Commentary for Wednesday, June 10, 2015 – Gold closed up $8.80 at $1186.10 on the Comex today but I think all the usual reasons for a higher price are a bit of window dressing. There is a lot less to the recent rally in gold – that’s right, less. At…
Commentary for Tuesday, June 9, 2015 – Gold closed up $4.10 at $1177.30 on the Comex today so we remain stuck in the $1170.00 – $1190.00 band since late May. Still gold is struggling with that downward bias which makes the short paper players money – so for now the…
Commentary for Monday, June 8, 2015 – Gold closed up $5.40 on the Comex today at $1173.20. And the dollar got more attention today after the supposed comments by President Obama. This from MarketWatch – “After strengthening early in the global day, the dollar turned sharply lower Monday as conflicting…
Commentary for Friday, June 5, 2015 – Gold closed down $7.10 at $1167.80 today on the COMEX which makes a loss on the week of $22.00 and in fact today’s market moved as low as $1162.00 before gaining some traction. Not encouraging to be sure but also not too bad…
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Commentary for Thursday, June 4, 2015 – Gold closed down $9.80 today on the COMEX at $1174.90. Looks like a 5 week low to me and makes for the second day of red ink but I would not be jumping out the window just yet. This market is so range-bound that…