precious metals

discussion
davefairtex
By davefairtex on Tue, Apr 25, 2017 - 9:01am

PM Daily Market Commentary - 4/24/2017

Gold fell -8.00 to 1277.90 on very heavy volume, while silver was flat at 17.98 on extremely heavy volume. Gold gapped down hard at the open, and sold off even harder, making a new low to 1266.00 before bouncing back. Silver did not have a gap down open, and thus silver ended up flat on the day. Volume was extreme in both metals.

discussion
davefairtex
By davefairtex on Sat, Apr 22, 2017 - 8:40am

PM End of Week Market Commentary - 4/21/2017

On Friday gold rose +2.40 to 1285.90 on moderately heavy volume, while silver fell -0.03 to 17.98 on extremely heavy volume. Silver was under selling pressure again on Friday; this time there were no obvious spikes, just a steady, heavy pressure, with all the rallies being sold. Once the pressure let up, silver bounced back close to even.

discussion
davefairtex
By davefairtex on Fri, Apr 21, 2017 - 3:38am

PM Daily Market Commentary - 4/20/2017

Gold rose +1.50 to 1283.50 on moderately heavy volume, while silver dropped -0.12 to 18.01 on extremely heavy volume. Silver was pounded through support twice; once at around 09:05, and a second time at approximately 11:50. Gold fell momentarily in sympathy, but dip-buyers showed up and kept gold from moving lower. Silver was not so fortunate. My guess is, the heavy volume in silver represented a large number of managed money longs being stopped out.

discussion
davefairtex
By davefairtex on Thu, Apr 20, 2017 - 5:46am

PM Daily Market Commentary - 4/19/2017

Gold fell -9.50 to 1282.00 on moderately heavy volume, while silver dropped -0.14 to 18.14 on heavy volume. Both metals were hit with spike assaults for a second day, this time at 09:56 vs yesterday's assault time of 09:47. Today, it appeared that gold was the target rather than silver – the fall in gold today was more pronounced vs yesterday, and the volume spike substantially larger.

discussion
weldhunter82
By weldhunter82 on Wed, Apr 19, 2017 - 8:55pm

New to PP , from NE Columbus

Hello everyone. I'm new user from northeast side suburb of Columbus. I work as a sheet metal welder/fabricator in south Columbus. Hope to connect with others here.  Are there any Ham operators out here? Looking to learn and grow my prepping skills.

discussion
davefairtex
By davefairtex on Wed, Apr 19, 2017 - 4:41am

PM Daily Market Commentary - 4/18/2017

Gold rose +5.20 to 1291.50 on heavy volume, while silver dropped -0.13 to 18.28 on very heavy volume. Both metals were hit by a strong sell-side assault at 09:47 during the US trading session; gold bounced back strongly following the spike even recording a gain on the day, while silver's rebound was markedly less robust. The buck was hit hard, falling almost a full point.

discussion
davefairtex
By davefairtex on Tue, Apr 18, 2017 - 4:57am

PM Daily Market Commentary - 4/17/2017

Gold fell -3.80 to 1286.30 on moderate volume, while silver dropped -0.14 to 18.41 on moderately heavy volume. Both metals made new highs during trading in Asia, and then sold off for most of the rest of the day. The drop in the dollar didn't seem to help the metals much at all.

discussion
davefairtex
By davefairtex on Sat, Apr 15, 2017 - 9:04am

PM End of Week Market Commentary - 4/14/2017

On Thursday gold rose +1.20 to 1290.10 on heavy volume, and silver rose +0.06 to 18.55 on very heavy volume. PM spiked modestly lower at the US open, but rapidly recovered, ending the week more or less at the highs. Friday was a market holiday; there was no trading in most of the major items.

discussion
davefairtex
By davefairtex on Thu, Apr 13, 2017 - 5:11am

PM Daily Market Commentary - 4/12/2017

Gold rose +12.40 to 1288.90 on moderately heavy volume, and silver moved up +0.15 to 18.49 on heavy volume. The metals moved sideways for most of the trading day up until about 3:10pm in New York, when Trump decided to tell us all that the dollar was “too strong”. Bang, buck loses 0.70 in the space of about an hour, sending gold and silver up sharply at the same time.

Boy, if you knew what Trump was going to say at any given moment, that would probably help your trading results.

discussion
davefairtex
By davefairtex on Wed, Apr 12, 2017 - 3:32am

PM Daily Market Commentary - 4/11/2017

Gold rose +20.10 to 1276.50 on heavy volume, while silver shot up +0.39 to 18.34 on heavy volume also. Gold rose slowly higher in Asia and London, and then took off more seriously for reasons unknown a little bit after 8am in the US. Silver started its move about 15 minutes later, at about 8:20am. Both gold and silver continued moving higher right into the close. While the buck fell, it was not the proximate cause of gold's rally.