DaveFairTex

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PM Daily Market Commentary - 1/17/2017

Gold rose +19.60 [+1.64%] to 1216.70 on heavy volume, and silver rose +0.39 [+2.32%] to 17.23 on moderately heavy volume. The dollar fell hard, losing -0.88 to 100.28 – at least according to my daily data, which was an amalgam of both Monday and ...

Discussion - davefairtex - Jan 18 2017 - 5:05am - 0 comments - 0 attachments

PM End of Week Market Commentary - 1/13/2016

On Friday gold rose +2.00 to 1197.10 [+0.17%] on moderately heavy volume, while silver rose +0.04 [+0.21%] to 16.84 on moderate volume. This week the star performer was copper - not a PM per se, but copper is often relatively well correlated with ...

Discussion - davefairtex - Jan 15 2017 - 3:35am - 5 comments - 0 attachments

PM Daily Market Commentary - 1/12/2017

Gold rose +3.60 to 1195.10 on heavy volume, while silver rose +0.04 to 16.80 on moderate volume. Today was another day dominated by currency moves. The buck initially fell almost a full point, to 100.70, which helped gold to break through 1200 ...

Discussion - davefairtex - Jan 13 2017 - 6:37am - 0 comments - 0 attachments

PM Daily Market Commentary - 1/11/2017

Gold rose +3.90 to 1191.50 on heavy volume, while silver fell -0.06 to 16.76 on moderately heavy volume. Today the dollar decided to go nuts, first climbing almost a full point, and then suddenly reversing – losing all of its gains, plummeting down ...

Discussion - davefairtex - Jan 12 2017 - 4:53am - 0 comments - 0 attachments

PM Daily Market Commentary - 1/10/2017

Gold rose +6.40 to 1187.60 on moderate volume, while silver climbed +0.22 to 16.60 on heavy volume.  PM continued to move higher today, even though the dollar showed a bit of strength; possibly the strength in PM was due to strength in industrial metals ...

Discussion - davefairtex - Jan 11 2017 - 5:35am - 20 comments - 0 attachments

PM Daily Market Commentary - 1/9/2017

Gold rose +8.30 to 1181.20 on moderate volume, while silver climbed +0.09 to 16.60 on moderate volume also. A drop in the buck helped gold and silver to recover from the losses suffered after the Nonfarm Payrolls report last Friday. Gold rallied ...

Discussion - davefairtex - Jan 10 2017 - 12:53am - 0 comments - 0 attachments

PM Weekly Market Commentary - 1/6/2017

On Friday gold fell -8.00 to 1172.90 on moderate volume, and silver fell -0.11 to 16.52 on moderate volume also. The Nonfarm Payrolls report resulted in a sharp rise in the buck, which caused problems for PM today. In spite of the losses on Friday, ...

Discussion - davefairtex - Jan 9 2017 - 2:31am - 0 comments - 0 attachments

PM Daily Market Commentary - 1/5/2016

Gold rose +16.70 to 1180.90 on heavy volume, while silver climbed +0.14 to 16.62 on moderately heavy volume. Another big drop in the buck greatly aided in the PM rally; while the buck dropped by -1.16%, gold rose by +1.43%. Most of today's ...

Discussion - davefairtex - Jan 6 2017 - 1:36pm - 3 comments - 0 attachments

PM Daily Market Commentary - 1/4/2016

Gold rose +4.80 to 1164.20 on moderate volume, while silver climbed +0.13 to 16.48 on moderate volume also. A fall in the dollar meant that the mild rally in gold today was more or less just a currency effect. Gold steadily moved higher today, ...

Discussion - davefairtex - Jan 5 2017 - 12:30pm - 3 comments - 0 attachments

PM Daily Market Commentary - 1/3/2017

Gold rose +7.40 to 1159.40 on moderately heavy volume, while silver climbed +0.39 to 16.35 on heavy volume. In spite of a very strong move in the buck, both gold and silver rallied nicely today, with silver doing particularly well. Gold in Euros was up ...

Discussion - davefairtex - Jan 4 2017 - 11:48am - 0 comments - 0 attachments

PM Year End Market Commentary - 2016

On Friday gold fell -7.00 to 1152.00 on moderate volume, and silver fell -0.24 to 15.96 on moderate volume also. Gold, silver, and the miners retraced their recent gains, with silver losing most. PM printed a collection of bearish engulfing and dark ...

Discussion - davefairtex - Jan 1 2017 - 6:54pm - 20 comments - 0 attachments

PM Daily Market Commentary - 12/29/2016

Gold rose +16.50 to 1159.00 on moderate volume, while silver climbed +0.14 to 16.20 on moderately light volume. A swing high in the buck helped propel gold and silver higher, with gold leading the charge. Gold moved steadily higher in Asia, and then ...

Discussion - davefairtex - Dec 30 2016 - 2:10am - 1 comment - 0 attachments

PM Daily Market Commentary - 12/28/2016

Gold rose +3.00 to 1142.50 on light volume, while silver climbed +0.04 to 16.05 on light volume also. Gold and silver were both able to move higher in the face of a moderately strong dollar rally. That's a positive sign for PM. Gold continued ...

Discussion - davefairtex - Dec 29 2016 - 4:44am - 3 comments - 0 attachments

PM Daily Market Commentary - 12/27/2016

Gold rose +4.30 [+0.38%] to 1139.50 on light volume, while silver climbed +0.23 [+1.49%] to 16.02 on light volume. Gold and silver both spiked sharply through resistance during the Asia trading session; by the end of the trading day, silver was able to ...

Discussion - davefairtex - Dec 28 2016 - 3:35am - 1 comment - 0 attachments

PM End of Week Market Commentary - 12/23/2016

On Friday gold rose +5.40 to 1135.20 on moderate volume, while silver fell -0.04 to 15.79 on moderate volume also.  It was a quiet day, but in the last few minutes of trading, gold popped up $3 right at end of day.  For some reason, traders didn't ...

Discussion - davefairtex - Dec 24 2016 - 4:30am - 3 comments - 0 attachments

PM Daily Market Commentary - 12/21/2016

Gold fell -0.70 to 1133.20 on light volume, while silver fell -0.17 to 15.97 on moderate volume. Today, not even a falling dollar could encourage buyers to appear for PM – at least in the west anyway. Gold did stage a modest rally in Asia and in ...

Discussion - davefairtex - Dec 22 2016 - 4:39am - 6 comments - 0 attachments

PM Daily Market Commentary - 12/20/2016

Gold fell -5.80 to 1133.90 on moderately light volume, while silver rose +0.12 to 16.14 on moderate volume. Gold and silver both sold off hard, driven lower by the buck hitting new highs; as soon as the buck topped out, both gold and silver reversed, ...

Discussion - davefairtex - Dec 21 2016 - 1:45am - 0 comments - 0 attachments

PM Daily Market Commentary - 12/19/2016

Gold rose +2.90 to 1139.70 on light volume, while silver fell -0.12 to 16.02 on moderate volume. Gold tried rallying today, but the rally was capped by renewed strength in the buck, which made a new “closing” high today to 103.09 – the Euro also made a ...

Discussion - davefairtex - Dec 20 2016 - 7:48am - 4 comments - 0 attachments

PM End of Week Market Commentary - 10/16/2016

On Friday gold rose +6.50 to 1136.80 on moderate volume, and silver climbed +0.12 to 16.14 on moderate volume also. It was a mild rally at the end of an unpleasant week for PM. The primary news this week was the FOMC meeting on Wednesday, where the ...

Discussion - davefairtex - Dec 18 2016 - 6:19am - 0 comments - 0 attachments

PM Daily Market Commentary - 12/15/2016

Gold fell -14.30 [-1.25%] to 1130.30 on moderately heavy volume, while silver plunged -0.88 to 16.02 on extremely heavy volume. Gold's move lower came as the buck broke out to new highs; the buck followed through strongly after yesterday's ...

Discussion - davefairtex - Dec 16 2016 - 12:42am - 0 comments - 0 attachments