gold

Results for gold

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 - 4:07am - 4 comments - 0 attachments

PM Daily Market Commentary - 2/23/2017

Gold rose +12.50 to 1250.70 on moderate volume, and silver climbed +0.16 to 18.23 on very heavy volume. The buck fell just -0.13; the good-sized move higher in PM was not a currency effect. Gold broke out to new highs today, and managed to close the ...

Discussion - davefairtex - Feb 24 2017 - 5:01am - 6 comments - 0 attachments

PM Daily Market Commentary - 2/22/2017

Gold rose +1.50 to 1238.20 on moderately light volume, and silver climbed +0.04 to 18.07 on heavy volume.  The major event today was the release of the minutes from the most recent FOMC meeting, which occurred at 14:00 Eastern. The minutes revealed that ...

Discussion - davefairtex - Feb 23 2017 - 6:08am - 6 comments - 0 attachments

PM Daily Market Commentary - 2/21/2017

Gold rose +0.70 to 1236.70 on moderate volume, and silver fell -0.02 to 18.03 on very heavy volume. A big dollar rally initially caused problems for gold, but just after the New York open, buyers showed up for both metals, eventually erasing the losses ...

Discussion - davefairtex - Feb 22 2017 - 4:44am - 1 comment - 0 attachments

PM End of Week Market Commentary - 2/17/2017

On Friday gold fell -4.10 to 1236.00 on moderately light volume, and silver fell -0.11 to 18.05 on moderate volume. The dollar bounced back from yesterday's sell-off; gold and silver initially resisted falling, but by end of day PM eventually ...

Discussion - davefairtex - Feb 19 2017 - 4:06am - 8 comments - 0 attachments

PM Daily Market Commentary - 2/16/2017

Gold rose +5.40 to 1240.10 on moderate volume, and silver climbed +0.18 to 18.16 on heavy volume. A big drop in the buck resulted in a moderate rally in gold, silver, and the miners. As the dollar fell, gold climbed steadily for most of the day, ...

Discussion - davefairtex - Feb 17 2017 - 6:38am - 0 comments - 0 attachments

PM Daily Market Commentary - 2/15/2017

Gold rose +5.50 to 1234.70 on moderate volume, and silver climbed +0.03 to 17.98 on heavy volume. Some large moves in the buck caused gold and silver to first sell off, and then rally; the moves were driven by both the Retail Sales report as well as the ...

Discussion - davefairtex - Feb 16 2017 - 5:34am - 2 comments - 0 attachments

PM Daily Market Commentary - 2/14/2017

Gold rose +3.10 to 1229.20 on moderate volume, and silver climbed +0.14 to 17.95 on heavy volume. In spite of a moderately strong dollar rally, gold and silver managed to move higher, with silver doing especially well. Gold rallied in Asia and ...

Discussion - davefairtex - Feb 15 2017 - 4:55am - 2 comments - 0 attachments

PM Daily Market Commentary - 2/13/2017

Gold fell -8.60 to 1226.10 on light volume, and silver dropped -0.14 to 17.82 on moderately heavy volume. PM faded today, and a relatively modest move higher in the buck seemed to accelerate gold's move downhill. Gold dropped early, sold off ...

Discussion - davefairtex - Feb 14 2017 - 3:19am - 0 comments - 0 attachments

PM End of Week Market Commentary - 2/10/2017

On Friday gold rose +5.30 to 1234.70 on moderate volume, and silver shot up +0.31 to 17.95 on heavy volume. Silver greatly outperformed gold – the bulk of the move in silver happened right alongside a massive move higher in copper, which started around ...

Discussion - davefairtex - Feb 12 2017 - 3:51pm - 0 comments - 0 attachments

PM Daily Market Commentary - 2/9/2017

Gold fell -13.70 to 1229.40 on moderate volume, and silver dropped -0.14 to 17.64 on moderately heavy volume. A big currency move, triggered by a Trump comment about a tax plan to be released within the next few weeks, caused the buck to spike and gold ...

Discussion - davefairtex - Feb 10 2017 - 4:05am - 2 comments - 0 attachments

PM Daily Market Commentary - 2/8/2017

Gold rose +7.60 to 1243.10 on moderate volume, and silver climbed +0.08 to 17.78 on moderately heavy volume. Gold continued its slow-but-steady move higher today followed by silver, which is slightly under-performing gold at this point. Gold climbed ...

Discussion - davefairtex - Feb 9 2017 - 4:28am - 4 comments - 0 attachments

PM Daily Market Commentary - 2/7/2017

Gold fell -1.80 to 1235.50 on moderate volume, and silver dropped -0.04 to 17.70 on moderate volume also. The buck rose by +0.39% on the day, which more than explains the very modest -0.15% drop in gold. Gold was under pressure for much of the day, ...

Discussion - davefairtex - Feb 8 2017 - 2:05am - 2 comments - 0 attachments

PM Daily Market Commentary - 2/6/2017

Gold rose +15.70 to 1237.30 on moderate volume, and silver climbed +0.23 to 17.74 on moderately light volume. Both gold and silver rallied steadily today, apparently immune to any currency moves. Miners led, with GDX closing well above its 200 MA for ...

Discussion - davefairtex - Feb 7 2017 - 2:43am - 3 comments - 0 attachments

PM End of Week Market Summary - 1/3/2017

On Friday gold rose +4.10 to 1121.60 on moderate volume, and silver shot up +0.03 to 17.51 on moderately heavy volume. Nonfarm Payrolls ended up being mildly dollar negative, and thus somewhat gold-positive, with the high for the buck coming right at ...

Discussion - davefairtex - Feb 5 2017 - 9:51am - 3 comments - 0 attachments

PM Daily Market Commentary - 2/2/2017

Gold rose +5.80 to 1217.50 on moderate volume, and silver fell -0.05 to 17.48 on moderately heavy volume. The dollar initially continued falling, but then reversed back into the green; this clipped gold's rally, and dragged silver into the red. ...

Discussion - davefairtex - Feb 3 2017 - 5:10am - 3 comments - 0 attachments

PM Daily Market Commentary - 2/1/2016

Gold fell -0.70 to 1211.70 on moderate volume, and silver fell -0.04 to 17.54 on moderately heavy volume. A pair of positive economic reports caused the dollar to rise, and gold to drop, but the FOMC announcement in the afternoon suggested inflation is ...

Discussion - davefairtex - Feb 2 2017 - 7:15am - 0 comments - 0 attachments

PM Daily Market Commentary - 1/31/2017

Gold rose +15.00 to 1212.40 on moderate volume, and silver jumped up +0.45 to 17.57 on heavy volume. A large drop in the dollar encouraged gold and silver to stage strong rallies, with silver breaking out to new highs. The move in gold today was ...

Discussion - davefairtex - Feb 1 2017 - 4:07am - 3 comments - 0 attachments

PM Daily Market Commentary - 1/30/2017

Gold rose +3.70 to 1197.40 on moderately light volume, and silver fell -0.02 to 17.12 on moderate volume. PM was one of the few sectors to remain even today; most every other sector fell, led by energy equities which led everything else lower. There ...

Discussion - davefairtex - Jan 31 2017 - 3:54am - 0 comments - 0 attachments

PM End of Week Market Commentary - 1/27/2017

On Friday gold rose +2.90 to 1193.70 on heavy volume, and silver shot up +0.36 to 17.15 on moderate volume. Gold and silver both rallied following an unexpectedly poor GDP report released at 08:30; the key fact was that the 1.9% growth rate was boosted ...

Discussion - davefairtex - Jan 29 2017 - 2:53am - 2 comments - 0 attachments