The movement in the value of the U.S. Dollar this morning is orchestrating the movement in the price of gold. As the dollar index reached new highs overnight at 101.37, strong selling emerged violating both support levels bringing gold down to the $1,201.30 level in the December contract. Continue reading →
The U.S. dollar index broke thru a 13-year high this morning, putting pressure on the price of gold. Continue reading →
The price of gold rebounds from its technical support level of $1,212 that it hit on Monday. (Actual low in the December contract was $1,211.) Kudos to my tech friends who virtually nailed the support level in gold.
Both the stronger dollar index and the across the board sell off in the precious metal ETFs seems to have no effect on the price of gold this morning.
Continue reading →
ADDISON, Texas (Nov. 15, 2016) – Dillon Gage Metals, an international precious metals wholesaler, has announced the appointment of Mark Furmanek to serve as chief operating officer for the organization. Continue reading →
A strong dollar and extensive outflows in the gold and silver ETFs overnight are putting continued pressure on the price of gold and silver. Continue reading →
Walt’s believe it or not “Flash Gage.”
There are three components to the selloff in gold this morning. Continue reading →
Wednesday and Thursday, day one and day two after the election, retail equity investors saw what they believed to be buying opportunities in equities that they could not pass up. Continue reading →
A wild election night of trading in all markets. Continue reading →
As I’ve said before, I never take sides in an election, neither do I talk about religion or the food I choose to eat. Continue reading →
The CBOT Volatility index (VIX) is known as the world’s barometer to predict market volatility. Continue reading →
As the old saying goes, there are two things in life that are CERTAIN: death and taxes. Would anyone be upset if I add a third? Continue reading →
The World Gold Council reported that gold demand in the 2nd quarter followed trends from the prior quarter: Huge ETF inflows counterbalanced by anemic jewelry demand amid rising prices. Continue reading →
The Brexit vote to leave the EU was upended this morning after the High Court in London delivered a blow to Prime Minster Theresa May by ruling that she must seek Parliamentary approval before starting the process to leave the European Union. Continue reading →
We are just a few days away from the most important Presidential election this country has ever experienced. So who is better for the price of gold, Hillary or Donald? Continue reading →
Gold and Silver are higher on a technical breakout this morning. Continue reading →
The third quarter Gross Domestic Product number released on Friday shows that the U.S. economy grew at its fasted pace in two years. Continue reading →
Gold rallies and equities decline after the news is released that the FBI is re-opening their investigation into Hilary Clinton’s private emails. Continue reading →
Are Italy’s banks are on the brink of disaster? Today, let’s explore some of the compelling facts that lend weight to this concern. Continue reading →
A lot of questions, but not many answers:
Quick bullet points from the news that are impacting this morning’s precious metals market: Continue reading →
Beginning today, the CME Group will expand their precious metals products to include a cash-settled spread and ratio contract, offering a new way to manage your precious metals exposure. Continue reading →
A lot of discussion is taking place regarding the possibility of an interest rate hike in the near future. Here is what I expect will happen on the next Fed Rate hike. Continue reading →
Recently I’ve been writing about that fact that our country’s debt is approaching $20 trillion dollars and not one politician is stepping up to the plate to address the issue. Continue reading →
I attended a well-organized US Mint conference this past Thursday at the Federal Reserve in Philadelphia regarding the status of the Numismatic industry. Continue reading →
Gold ETF holdings up 2.31 tons overnight hitting a new high for 2016 and reaching the highest level since May 2013. Continue reading →
Ronald Reagan once said, “No great nation that ever abandoned the gold standard has remained a great nation.” Continue reading →
ADDISON, Texas (Oct. 14,2016) – Dillon Gage Metals, an international precious metals wholesaler, has announced that industry veteran Ryan Valadez will join the company and serve as Executive Vice President of Global Trading. Continue reading →
We are often asked about how various entities conduct their trading business. I thought I’d discuss the larger trading firms in this edition of the Market Gage. Continue reading →
Have the funds exited the gold and silver market looking for a better opportunity? Continue reading →
Do you believe that everything you read on the Internet is true?
Continue reading →
Gold experienced a two-fisted knockout punch yesterday thanks to the comments from Richmond Fed President Jeffery Lacker (as I discussed in yesterday’s Flash Gage) and the news that the ECB will be tapering QE. Continue reading →
Here they go again!
AND THE PRICE OF GOLD RESPONDS TO HIS COMMENTS. Continue reading →
We start the week on a quiet note as the market looks for some kind of direction. A steady dollar valuation is keeping gold and silver in a tight trading range. Continue reading →
Fed Chair Janet Yellen said yesterday that the Federal Reserve might be able to help the U.S. economy in a future downturn if it could buy stocks and corporate bonds. Continue reading →
Had you ever felt compelled to invest in Gold and Silver mining stocks instead of physical gold?
Continue reading →
How do I expect gold to react in a deflationary environment or inflationary environment? Gold can be a hedge against either. Continue reading →
A story in today’s Wall Street Journal caught my attention. After reading in the past that individuals in the EU and other countries are not the only ones heavily invested in stocks in THIS country, Continue reading →
I’m sure by now my readers are tired of reading about the Fed and the wonderful job they are doing and listening to which way the price is gold is headed. Continue reading →
The Federal Reserve committee announced today that there will be no change in interest rates. Continue reading →
Fed rate decision day…or is it? Continue reading →
The price of gold keeping her head above the $1,310 level as we await hearing from the Federal Reserve and the Bank of Japan later this week. Continue reading →
I find it fascinating that with metal prices in a slow decline, the silver ETF inflows each day continue to set all-time highs. Continue reading →
We spend a lot of time and energy in the Market Gage blog discussing the economic factors that move the needle in the gold market, but what about our industrial metal cousins, platinum and palladium? Continue reading →
Markets rebound after speech by Fed Reserve Governor Lael Brainard calling for “prudence” in rate hikes. Continue reading →
Finally there is someone at the Fed that has some common sense…maybe? Continue reading →
IT NEVER ENDS
Boston Fed President Eric Rosengren a voting member said today that he backed gradual interest rate hikes. Continue reading →
Some life seen in the physical market, exhibited by domestic refiners reporting an increase in demand for product over the last two weeks. Continue reading →
The following chart includes the year to date totals from the U.S. Mint as of 5pm on September 7th. Continue reading →
Someone likes the Precious Metals Group as an investment. Continue reading →
ADDISON, Texas (Sept. 8, 2016) – Dillon Gage Metals, an international precious metals wholesaler, reports that their online trading platform has been optimized to further enhance the customer experience. Continue reading →
Federal Reserve Bank of Richmond’s President, Jeffrey Lacker, said today there is a “strong case” for a rate hike in September. Continue reading →
Was the Brexit vote just the tip of the iceberg of things to come? Do you think German Chancellor Angela Merkel is having second thoughts on making a decision last year to allow 1.1 million refugees and migrants into Germany? Continue reading →
As the week comes to a close, precious metals remain quite sensitive to even the slightest movement among leading market indicators. Continue reading →
The price of gold has seemed to hit a fork in the road. Continue reading →
ADDISON, TX (Aug. 25, 2016) – Dillon Gage Metals, an international precious metals wholesaler, has announced that industry veteran Michael Kramer has joined the company, effective immediately. Kramer will have a primary focus on working with wholesale accounts, many of whom have already traded with him for decades.
Kramer spent his entire 37-year career in the precious metals industry with Manfra, Tordella and Brooks (MTB). What began on the ground floor of their retail department led to a successful multi-decade journey through their precious metals trading ranks, eventually becoming president of the organization.
Continue reading →
Gold under pressure this afternoon as the price of the dollar strengthens. Continue reading →
Friday’s comments by Federal Reserve Vice Chairman Stanley Fischer have strengthened the dollar and put pressure on the price of gold this morning.
He indicated that the U S economy has strengthen, with strong jobs data in the last three months. He had seemed to hedge his bet that rates will be on the table at the September meeting by saying, “the problem with this economy is there is so many numbers each day. You have to try and figure out what is the main thrust of what’s going on in the economy.”
The price of gold extremely volatile as Yellen’s comments hit the wires. Continue reading →
All eyes on Jackson Hole, Wyoming this morning, as we await comments from the most powerful woman in the world, Chairwoman Janet Yellen.
CME Fed-watch Tool this morning reveals a 21 percent chance of a rate hike at the September meeting. Let’s see if the rate hike needle moves today after the Fed lady’s comment at 10 am Eastern Time.
The price of gold virtually motionless as the market awaits some news from Federal Reserve chair Janet Yellen’s speech Friday at Jackson Hole. Continue reading →
