Gold Treading Water

Gold Treading Water

This morning, the price of Gold is seen treading water at $1,276 right in the middle of two levels. Support at $1,260 and the new resistance level
of $1,282. Continue reading…


Easter Holiday Hours

Easter Holiday Hours

Here are the Dillon Gage hours for Easter weekend.

Trading room and refinery hours:

  • Thursday, April 18th – Close at 4:00pm Central Time
  • Friday, April 19th – Closed
  • Saturday, April 20th – Closed
  • Sunday, April 21st – Closed
  • Monday, April 22nd – Open 7:30am Central Time

FizTrade™ electronic trading hours:

  • Thursday, April 18th – Close at 4:00pm Central Time
  • Friday, April 19th – Closed
  • Saturday, April 20th – Closed
  • Sunday, April 21st – Open at 5:00pm Central
  • Monday, April 22nd – Resume normal hours

A happy and safe holiday from the Dillon Gage family to yours!
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Gold Feeling Pressure

Gold Feeling Pressure

As we start this short week, investors seemed to be focused on other things like the religious holidays and spring break which are right at our doorstep. Surprisingly, we find the spot price of Gold under pressure, even with a softening dollar index. Continue reading…


Gold Shows Resilience

Gold Shows Resilience

As we reported in our last Market Gage, a significant short position in Gold still exists, but the price of Gold still shows resiliency as it seems the shorts do not have enough support to pull the rug out from the price. In other words, buying continues to emerge as soon a we come close to support levels. Continue reading…


Silver Demand Up 4% in 2018

Silver Demand Up 4% in 2018

Although several silver asset classes had their struggles last year, including commodities, there were three very positive developments in the 2018 silver market that helped raise silver demand up 4% in 2018, according to the Silver Institute’s new World Silver Survey 2019. Here are three of their significant findings:

“First, total silver demand increased for the first time since 2015, rising 4 percent to 1.03 billion ounces. Second, there was a robust recovery in retail investment, led principally by silver bar demand, which climbed sharply last year. Third, on the supply side, global mine supply fell for the third consecutive year, following a continuous streak of 13 annual increases before 2016. Silver scrap supply has been in retreat since 2012 and fell by nearly 2 percent last year. These factors led to another tightening of the supply/demand balance, contributing to a physical deficit of 29.2 million ounces (Moz) in 2018.”

The World Silver Survey 2019 is available as a downloadable PDF from the Institute’s website at silverinstitute.org


Trade Tensions Boost Gold

Trade Tensions Boost Gold

Gold investors are hoping to see the $1,300 price in the rear-view mirror as trade tensions increase between the U.S. and EU and as markets await clarity on the Brexit calamity.  Continue reading…


Gold Softens A Bit

Gold Softens A Bit

The price of Gold softened moderately overnight in the Far East and Europe, trading in just a $6 range. The good news is that the price is relatively steady. The bad news is at this moment is there doesn’t seem to be a catalyst to get the price of Gold back over the $1,300 level once again. Continue reading…


Gold Stationary

Gold Stationary

For the time being, the report of a trade deal with China is keeping the price of Gold stationary. The price of Gold is in a need of recharge, and that doesn’t seem likely, for the moment. Continue reading…


Gold Strategy

Gold Strategy

Investors continue to find the Equity markets attractive even with no end in sight to the China and Brexit negotiations. Continue reading…


Gold’s Recovery Mode

Gold's Recovery Mode

At the time of this report early Friday morning, all four metals are found in recovery mode. Let’s take a deeper look at the two metals that have had a lot of action this week, particularly, this first one. Continue reading…


Palladium’s Wild Day

Flash- Palladium's Wild Day

Palladium is having wild day, just how wild depends how you look at it.

At the time of this report, Palladium hit an intraday spot low of $1,441, down at one point over $100 dollars. Continue reading…


FLASH – No 2019 Rate Hike

Fed says No rate hike this year

The Fed signals no rate hike this year with one increase in 2020, saying it will leave rates unchanged, because economic growth has slowed.

Additional notes from today’s minutes, the Fed says:

  • It will taper balance-sheet roll off, sees it halting end-sept. Fed sees slower household spending, business investment.
  • Economic growth has slowed from solid 4q.
  • Core inflation remains near 2%

Markets seemed to be caught be surprise by the Feds long-term outlook…The price of Gold rallied from $1,302 to $1,318 on the news.
The Dow Industrial average reverses on the news and rallies almost 200 point to the up side. Ten-year Treasuries trading earlier this morning at 2.6 percent now after the news trading at 2.53 percent.

Enjoy the rest of your day.

Disclaimer: This editorial has been prepared by Walter Pehowich of Dillon Gage Metals for information and thought-provoking purposes only and does not purport to predict or forecast actual results. This editorial opinion is not to be construed as investment advice or as a recommendation regarding any particular security, commodity or course of action. Opinions expressed herein cannot be attributable to Dillon Gage. Reasonable people may disagree about the events discussed or opinions expressed herein. In the event any of the assumptions used herein do not come to fruition, results are likely to vary substantially. It is not a solicitation or advice to make any exchange in commodities, securities or other financial instruments. No part of this editorial may be reproduced in any manner, in whole or in part, without the prior written permission of Dillon Gage Metals. Dillon Gage Metals shall not have any liability for any damages of any kind whatsoever relating to this editorial. You should consult your advisers with respect to these areas. By posting this editorial, you acknowledge, understand and accept this disclaimer.


All Eyes on Fed

All Eyes on Fed

All eyes on the Fed today. Their two-day meeting ends at 2pm EST time with a decision on rate hikes. This will be followed by the Fed Chairman’s news conference at 2:30 pm. Continue reading…


Gold Teetering at $1,304

Gold Teetering at $1,304

At the time of this report, we see the price of Gold back above $1,300, sparked by a weaker than expected Empire State manufacturing survey. The yellow metal is teetering at the previous resistance level of $1304. This seems to be an important level as the market either accelerates or declines depending on if the trend is up or down from this level. The price of Gold had fallen just below $1,300 yesterday largely on the fading strength in the U.S. dollar.
Continue reading…


Gold Breaks Above $1,300

Gold Breaks Above $1,300

Overnight, higher bond prices and a weaker Dollar Index have caused holders of short positions to head for the exits. If you look at the time and sales volumes during the gold rally today, as soon as we broke thru the $1,304 level of resistance volumes picked up and the short covering rally accelerated. Continue reading…


Watching EU Equities

Watching EU Equities

Just this past Monday, we reported that a number of countries in the EU were enjoying double digit gains in their Equity Markets since the start of the year. Continue reading…


Evolution & Revolution of Precious Metals Investing

Evolution of Precious Metals Investing

The following are excerpts from the column that Mark Furmanek, Dillon Gage chief operating officer, wrote for FinanceOffshore.com.

It’s a widely known fact that any investment adviser worth your time will recommend you allocate a portion of your portfolio in precious metals – varied by one’s risk appetite. This has always been done for one simple reason: that precious metals such as gold, silver, platinum or palladium have the effect of acting as a hedge against inflation if and when the more popular equities market retreats. Continue reading…


Global Econ. Improves – Gold Drops

Global Econ. Improves - Gold Drops

The recent rallies in the Gold and Silver markets are over because of the improving outlook for the global economy. The anticipated trade deal with China and a favorable Brexit outcome are now strong possibilities, so investors are giving up their Gold and Silver holdings for an investment back into the Global Equity Markets. Continue reading…


Gold Under Pressure

Gold Under Pressure

Surprisingly, we start the day seeing the price of Gold under continued pressure. As the price of Gold declined and penetrated the significant spot level of support at $1,318, selling emerged and the selloff accelerated as many Wall Street Gold traders saw this as an opportunity to put on short positions. Continue reading…


Dollar Hits 3-Week Low

Dollar Hits 3-Week Low

This morning, we see the U.S. Dollar at a three-week low after the Fed Chairman’s comments yesterday. Jerome Powell said that the U.S. economy should keep growing at a solid, though somewhat slower pace this year, but he indicated that there are global economic risks to contend with, continued volatile financial markets and uncertainty about U.S. trade policy. Continue reading…


Gold Primarily Range Bound

Gold Range Bound

The President said today that significant progress has been made over the weekend in the China trade negotiations, and with that, he has decided to cancel the March first deadline. Off that headline, we see stock futures up triple digits as investors seemingly applaud the news.
Continue reading…


Gold Reactions Baffling

Gold Reactions Baffling

Wednesday’s minutes from the January Fed meeting revealed that the group was not sure whether they would raise interest rates again, this year.

Regarding the balance sheet, almost every Fed participant said it would be desirable to announce sooner rather than later a plan to stop reducing the Federal Reserve’s asset holdings before the end of the year. Continue reading…


Palladium In Uncharted Waters

Palladium In Uncharted Waters

The U.S. Dollar is virtually unchanged this morning awaiting the release of the Federal Reserve’s January meeting minutes at 2 pm Eastern, which could bring more clarity to the future of rate hikes. Continue reading…


BitcoinIRA Selects Dillon Gage to Supply Digital Gold™

BitcoinIRA Selects Dillon Gage to Supply Digital Gold
Stability of a gold-backed, digital asset a natural fit for crypto exchanges

ADDISON, Texas (Feb. 19, 2019) – Dillon Gage, one of the world’s largest precious metals wholesale firms and industry-leading technology innovator, has been selected by Los Angeles-based BitcoinIRA to provide the physical gold backing for customers investing in their new Digital Gold product. Continue reading…


Palladium Hits New High

Palladium Hits Another High

As key emblems of our nation’s coinage, the honorees of President’s Day hold a special place in our hearts. It’s also a bit quieter place as U.S. financial markets are on holiday. Continue reading…


Gold Hits Weekly High

Gold Hits Weekly High

Good news is often found on a Friday and this week is no different, as we see gold reaching a weekly high, despite the factor of a stronger U.S. dollar in the mix. The yellow metal is shining today, with spot prices up over $7 an ounce at $1,321.40. Continue reading…


Dollar Unable to Maintain Rally

Dollar Unable to Maintain Rally

Today, let’s take a look at technical data analysis, starting with gold. The price of gold rebounded yesterday after testing the spot level of support at the $1,303 – $1,304 area. Time and sale figures revealed that there were significant bids at those levels keeping the price of gold from falling any further. Continue reading…


Dollar Index Rallies

Dollar Index Rallies

Currently the price of Gold is under pressure as the U.S. Dollar index continues to rally versus other world currencies, now approaching the 97 level. Continue reading…


Gold Slowly Slides

Gold Slowly Slides

The price of Gold continues it slow move to the downside. This price action coincides with the slow movement to the upside in the Dollar Index. Currently over the 96 handle, the US Dollar Index has experienced virtually no volatility in recent days due to the lack of any significant news stories. Continue reading…


Wall Street Talks Gold

Wall Street Talks Gold

Over the last couple of days, we interviewed some prominent Wall Street Gold traders about the metal’s prospects and found that their opinions vary somewhat. Continue reading…


Gold Holds Positive Turf

Gold Holds Positive Turf

Federal Reserve meeting wraps up today with no change in interest rates expected. Investors will be anxious to hear what the Fed President has to say at the press conference after the 2 pm ET announcement of their rate decision. The main topic the reporters will be asking about is the Fed’s plan to reduce the balance sheet. Will they proceed or will it be put on hold? Continue reading…


Gold Building Foundation

Gold Building Foundation

At these levels, the price of Gold is seemingly building a foundation and I expect that in short order the price of Gold will start to move higher and test the $1,303 level of resistance once again. Continue reading…


Higher Equities Hit Gold

Higher Equities Hit Gold

At the moment, at these levels, the price of Gold is under pressure from higher equity prices and higher treasury yields. I expect this to be just temporary and a recovery should occur with gold once again trying to break through the next level of resistance in spot at $1,303. Continue reading…


Higher Asian Equities Pressure Gold

Higher Asian Equities Pressure Gold

Markets here in the states are closed today in honor of Dr. Martin Luther King, Jr.

Despite weak Chinese Gross Domestic Product (GDP) figures, Asian Equity markets are all higher overnight putting some pressure on precious metal prices this morning. Continue reading…


Bullish on Soaring Palladium Prices

Soaring Palladium Prices

Dillon Gage urges physical holdings to capitalize on full benefit of rally

ADDISON, Texas (Jan. 15, 2019) – Dillon Gage Metals, one of the world’s largest precious metals wholesale firms and industry-leading technology innovator, is bullish on the price of palladium, which recently broke through the $1,342 an ounce level of resistance.

While most precious metals investors are wooed by the attention of gold, palladium can often be an overlooked asset. However, its widespread use in the automotive field, the majority of which is used in emission-reducing catalytic converters for gasoline-powered cars, leaves it susceptible to varying degrees of supply and demand. On Wednesday, Jan. 9, palladium hit an all-time high.

“To see a $400 jump in spot price over the last six months is impressive,” stated Terry Hanlon, president and CEO of Dillon Gage Metals. “Palladium is simply reacting to the tightening of supply, which is the driving force behind the increase. We offer physical palladium in the form of bars or coins and feel that owning the physical product is advantageous to equity-based precious metals assets.”

The demand for palladium has been on an upswing since the Chinese government recently announced the exploration of policies designed to increase domestic buying of automobiles. According to Dillon Gage Metals’ spot price index, palladium is currently trading at $1,337/oz. Owning palladium in its physical form is advantageous to equity-based assets due to liquidity, portability and the flexibility to buy or sell in smaller quantities.

For industry news and to stay up-to-date on Dillon Gage Metal’s expanding products and services, connect on Facebook and Twitter.

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About Dillon Gage Metals
Dillon Gage Inc. of Dallas (DillonGage.com), founded in 1976, companies include:

  • Dillon Gage Metals (www.DillonGage.com, one of the world’s largest precious metals wholesale trading firms. The firm is an authorized purchaser for all major world mints and maintains inventory in over 20 countries around the world. Additionally, the company provides advanced tools and technologies that enable market participants to be more successful in their businesses, allowing electronic trading and offering cloud-based solutions for the physical precious metals marketplace. 800-375-4653
  • FizTrade Online Trading (www.FizTrade.com) offers real-time bid/ask trading platform for gold, silver, platinum and palladium. 800-375-4653
  • Dillon Gage Refining (www.dillongage.com/refining/why-dg), professional assayers and refiners of precious metal scrap, from low grade to karat scrap. Stone removal services and diamond experts on staff. 888-436-3489
  • International Depository Services Group with locations in Delaware, USA (www.ids-delaware.com; 888-322-2431); Texas, USA (www.idsoftexas.com; 888-322-2431); and Ontario, Canada (www.idsofcanada.com; 855-362-2431), offers secure, efficient and insured precious metals and certified coin depositories that focus of custom business logistics solutions including storage, fulfillment, inventory managements and many other value-added services.

Contact:
Jeffrey Cheatham
Senior Account Manager
TrizCom PR
(972) 247-1369
jeffc@trizcom.com