DaveFairTex

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PM End of Week Market Commentary - 3/24/2017

On Friday gold fell -1.70 to 1246.40 on moderate volume, while silver climbed +0.18 to 17.77 on moderately light volume. Gold and silver diverged, with silver moving sharply higher while gold drifted downhill. The metals had a confusing week. ...

Discussion - davefairtex - Mar 26 2017 - 5:06am - 0 comments - 0 attachments

PM Daily Market Commentary - 3/23/2017

Gold fell -3.70 to 1248.10 on moderate volume, and silver rose +0.04 to 17.59 on moderately light volume. Trading range was narrow for both currencies and the metals. Gold traded sideways in Asia and London, spiking higher just before the US market ...

Discussion - davefairtex - Mar 24 2017 - 3:57am - 0 comments - 0 attachments

PM Daily Market Commentary - 3/22/2017

Gold rose +7.20 to 1251.80 on moderately heavy volume, while silver was unchanged at 17.55 on light volume.  After the big plunge in bank stocks yesterday, today was fairly uneventful.   Gold rose in fits and starts today starting in Asia, ...

Discussion - davefairtex - Mar 23 2017 - 6:23am - 7 comments - 0 attachments

PM Daily Market Commentary - 3/21/2017

Gold climbed +10.60 to 1244.60 on heavy volume, while silver moved up +0.12 to 17.55 on moderate volume. PM prices started rising at around 09:00, just before the US market opened; silver jumped first, then gold followed. Although the buck plunged ...

Discussion - davefairtex - Mar 22 2017 - 4:09am - 0 comments - 0 attachments

PM Daily Market Commentary - 3/20/2017

Gold rose +5.10 to 1234.00 on very light volume, while silver moved up +0.02 to 17.43 on very light volume also. Trading ranges were narrow and volume was light; it was a positive but not very eventful day. Gold rallied in Asia, dipped in London, ...

Discussion - davefairtex - Mar 21 2017 - 8:05am - 1 comment - 0 attachments

PM End of Week Market Commentary - 3/17/2017

On Friday gold rose +2.80 to 1228.90 on light volume, and silver climbed +0.08 to 17.41 on light volume also. Gold and silver continued to follow through from swing low printed on Wednesday. The metals bounced back this week courtesy of the Fed; ...

Discussion - davefairtex - Mar 19 2017 - 1:27am - 1 comment - 0 attachments

PM Daily Market Commentary - 3/16/2017

Gold rose +6.50 to 1226.10 on moderate volume, while silver fell -0.03 to 17.33 on moderately heavy volume.  Overall, prices took a break after yesterday's strong moves that followed the FOMC announcement.  The falling dollar was not a factor in ...

Discussion - davefairtex - Mar 17 2017 - 5:58am - 4 comments - 0 attachments

PM Daily Market Commentary - 3/15/2017

Gold shot up +21.10 to 1219.60 on moderately heavy volume, while silver rallied +0.48 to 17.36 on moderately heavy volume also. Today was entirely about the FOMC; both Yellen's comments at the press conference as well as the Fed announcement itself ...

Discussion - davefairtex - Mar 16 2017 - 6:38am - 0 comments - 0 attachments

PM Daily Market Commentary - 3/14/2017

[Sorry for no report yesterday.] Gold fell -5.10 to 1198.50 on moderate volume, while silver fell -0.11 to 16.88 on moderate volume also. A reasonably strong day for the buck helped the PM group to correct. FOMC meeting started today; the ...

Discussion - davefairtex - Mar 15 2017 - 5:25am - 11 comments - 0 attachments

PM End of Week Market Commentary - 3/10/2017

On Friday gold rose +3.60 to 1204.50 on moderate volume, and silver climbed +0.07 to 17.05 on moderately heavy volume. After four days of steady decline, the metals finally have a good day. That said – a simultaneous and substantial drop in the dollar ...

Discussion - davefairtex - Mar 11 2017 - 7:05am - 11 comments - 0 attachments

PM Daily Market Commentary - 3/9/2017

Gold fell -7.20 to 1200.90 on moderate volume, while silver fell -0.27 to 16.98 on moderate volume. For the fourth day in a row, there were no buyers for the metals; in addition to gold and silver, platinum, palladium, and copper all fell, with ...

Discussion - davefairtex - Mar 10 2017 - 2:29am - 2 comments - 0 attachments

PM Daily Market Commentary - 3/8/2017

Gold plunged -7.80 to 1208.10 on moderate volume, while silver fell -0.27 to 17.25 on moderately light volume. As with yesterday, it was a bearish day for the metals; in addition to gold and silver, platinum, palladium, and copper all fell, with ...

Discussion - davefairtex - Mar 9 2017 - 3:17am - 4 comments - 0 attachments

PM Daily Market Commentary - 3/7/2017

Gold plunged -9.60 to 1215.90 on moderate volume, while silver fell -0.29 to 17.52 on moderately light volume. No buyers again today for PM. Gold moved sideways in Asia, started to decline more heavily in London, finally hitting bottom late in the ...

Discussion - davefairtex - Mar 8 2017 - 5:14am - 2 comments - 0 attachments

PM Daily Market Commentary - 3/6/2017

Gold plunged -9.40 to 1225.50 on light volume, while silver dropped -0.19 to 17.80 on light volume also. No buyers showed up for gold today; the buck wasn't particularly strong – just nobody was interested in buying gold, at least not at COMEX. ...

Discussion - davefairtex - Mar 7 2017 - 4:10am - 1 comment - 0 attachments

PM End of Week Market Commentary - 3/3/2017

On Friday gold rose +0.50 to 1234.90 on moderately heavy volume, and silver climbed +0.21 to 18.00 on moderately heavy volume also. This week, all of the PM-group elements have fallen below their 9 EMA lines - for many things, this happened on ...

Discussion - davefairtex - Mar 4 2017 - 4:00pm - 7 comments - 0 attachments

PM Daily Market Commentary - 3/2/2017

Gold plunged -15.60 to 1234.40 on moderately heavy volume, while silver was crushed, dropping -0.67 to 17.79 on heavy volume. Both gold and silver fell steadily after the opening in Asia, gold dropping more than silver, pressured by another strong ...

Discussion - davefairtex - Mar 3 2017 - 3:38am - 7 comments - 0 attachments

PM Daily Market Commentary - 3/1/2017

Gold rose +1.20 to 1250.00 on moderately heavy volume, while silver climbed +0.10 to 18.46 on moderate volume. A strong dollar rally (USD:+0.63) made life difficult for gold, which somehow managed to stay afloat in the face of some heavy pressure from ...

Discussion - davefairtex - Mar 2 2017 - 8:18am - 3 comments - 0 attachments

PM Daily Market Commentary - 2/28/2017

Gold fell -4.60 to 1248.80 on moderate volume, while silver climbed +0.05 to 18.36 on moderate volume also. Gold tried rallying today, but the rally failed, and gold sold off steadily into the close. Candle print today was a two-candle swing high, ...

Discussion - davefairtex - Mar 1 2017 - 4:09am - 0 comments - 0 attachments

PM Daily Market Commentary - 2/27/2017

Gold fell -4.60 to 1253.40 on moderate volume, and silver dropped -0.11 to 18.31 on moderately heavy volume. Gold and silver both made new highs as the buck tumbled but then the dollar reversed starting around noon in New York. Once the dollar reversed, ...

Discussion - davefairtex - Feb 28 2017 - 1:47am - 18 comments - 0 attachments

PM End of Week Market Commentary - 2/24/2017

On Friday gold rose +7.30 to 1258.00 on moderate volume, and silver climbed +0.18 to 18.41 on very heavy volume. This week, we see gold and silver doing well, with silver leading gold, while the miners fell. Platinum actually performed best, while ...

Discussion - davefairtex - Feb 26 2017 - 5:07am - 12 comments - 0 attachments