The Market Gage - Dillon Gage's Precious Metals Newsletter

Overnight Buying From Japan Boosts Gold

Good morning from the IPMI conference in Phoenix, Arizona, where hundreds of traders and dealers from around the world exchange ideas in the Precious Metals markets. You can see the hotel lobby fill up with it all the traders and dealers every hour on the hour for meetings. Companies are here trying to establish new relationships, rekindle old ones and exchange ideas in technology.

Dillon Gage’s cutting edge technology continues to evolve and stands out as the leader in physical electronic trading platforms. Matter of fact, I didn’t see or hear of any other firm offering a comparable trading platform like “FIZ” trade. For any precious metals business, a precious metals platform is a must in order to compete with the worldwide electronic algorithms that move the price of metals in a heartbeat.

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The Market Gage - Dillon Gage's Precious Metals Newsletter

Gold Continues Up on Last Week’s Jobs Report

We’ve witnessed gold up almost 5 percent this week after the disappointing jobs number last Friday.

Hitting the news wires yesterday was a story about billionaire George Soros getting back in the gold market. Soros Fund Management, which manages $30 billion for Mr. Soros and his family, sold equities and bought gold and mining shares. Mr. Soros indicates that he sees a bleak outlook for the global economy, and has directed some of his companies’ investments into the metals arena due to his concerns about political issues in China and Europe.

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The Market Gage - Dillon Gage's Precious Metals Newsletter

World Bank’s Global Growth Forecast Lifts Gold

The World Bank cut its 2016 global growth forecast today to 2.4 percent, down from the 2.9 percent estimated in January. The move is due to sluggish growth in advanced economies, low commodity prices, weak global trade and diminishing capital flows.

Gold, liking that kind of news, is trading up $ 13.00 on the day, at the time of this report. Silver, the so-called “poor man’s gold,” is trading either side of $17.00 this morning (consider just a week ago the worry was, are we going to hold the $16.00 dollar level?).

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The Market Gage - Dillon Gage's Precious Metals Newsletter

Markets Awaiting Fed Chairwoman Talk Today

After the poor jobs number on Friday, the market now awaits comments from Fed Chairwoman Janet Yellen. Ms. Yellen scheduled to speak today at 12:30 eastern time in Philadelphia.

When I first started in this business almost 40 years ago, the news items that seemed to move the gold market the most, were news on inflation and supply and demand concerns. Now for the most part, the market holds its breath on every comment made by any Fed official regarding interest rates, watching the action in the dollar and unemployment / jobs news.

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The Market Gage - Dillon Gage's Precious Metals Newsletter

Silver the Sole Metal With Some Support

The price of gold is trying to consolidate around the $1,220 level as the cloud of higher interest rates hovers above. Redemptions seen in the Gold ETFs overnight and open interest in the CME futures also seen declining in the past few days. Continue reading →

Election 2016: Precious Metals Primer

Dillon Gage Metals Founder Weighs in on Possible Outcomes

ADDISON, TEXAS (May 11, 2016) – Dillon Gage Metals, an international precious metals wholesaler, is investigating what potential effect the 2016 election will have on the markets. Continue reading →

The Market Gage - Dillon Gage's Precious Metals Newsletter

Gold and News Headlines

Federal Reserve Bank of Atlanta President Dennis Lockhart said yesterday that the U. S. Financial markets may be underestimating the odds of a central bank rate increase in June. Continue reading →

Flash Gage - FED Minutes Released

Flash Gage – FED Minutes Released

The minutes from last month’s meeting indicated that members could not agree if a rate hike at the next FED meeting in April was in order. What they did agree on is that risks from a global economic slowdown warranted a cautious approach. Continue reading →

Quiet Start to the Week

Quiet opening today. Overnight, in the Far East and Europe most precious metal traders report that physical demand in gold is soft, but a little more interest is seen on the silver side from the retail investor. Continue reading →

What Would a Solid Gold Oscar Trophy Be Worth?

Dillon Gage Metals Calculates a Solid Gold Price Equivalent

ADDISON, TX (Feb. 26, 2016) – Dillon Gage Metals, an international precious metals wholesaler, decided to calculate the actual value of an Oscar award if it were made of solid gold. Which, sadly for the intended recipients, it isn’t. When coming up with the result, they sought the opinion of metallurgy experts in determining the parameters of the trophy and its corresponding value based on current gold prices.

Beginning with the dimensions of an Oscar award, they found that the statues are 13.5 inches high, each weighing 8.5 pounds. The statues are actually comprised of a pewter-like alloy called Britannia, which is 92 percent tin, six percent antimony and two percent copper.

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