American Eagles YTD Sales on 1-23-20

Gold and Silver American Eagle Sales

The following chart includes the year to date totals for 2020 Gold and Silver American Eagle Sales from the U.S. Mint as of 5pm on January 23rd. Future charts will also show the difference in sales from the previous weekly report.

Dillon Gage is authorized t0 purchase gold, silver, platinum, and palladium bullion directly from the U.S. Mint, as well as all the world’s major mints.
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Gold Off a Bit

Gold Off a Bit

Gold off a bit early Wednesday as the dollar strengthened, and investors seemed to dismiss concerns that a new coronavirus that began in China would cripple the global economy. Spot palladium decreased from a record yesterday, but has regained some ground this morning. Continue reading…


Gold Rose Early Wednesday

Gold Rose Early Wednesday

Gold rose early Wednesday as investors who questioned the effectiveness of a phase-one trade deal between the U.S. and China leaned on the yellow metal as a hedge against uncertainty. An additional boost was felt this morning when the Producer Price Index (PPI) missed expectations. Continue reading…


Gold Bulls Attracted To The Dip

Gold Bulls Attracted To the Dip

Gold bulls attracted to the dip this morning. Gold had slipped overnight as equities soared to new record highs. The yellow metal regained some ground after the release of U.S. employment data this morning, before slipping back. Then Gold bulls stepped back in erasing the dip. Continue reading…


Gold Surged On Iran Tensions

Gold surged on Iran tensions, heading above $1,600 an ounce for the first time in almost seven years after two bases housing U.S. troops in Iraq were attacked by Iran, worsening geopolitical tensions. Palladium reacted by hitting a new record high.This morning’s positive U.S. employment numbers have slightly impacted the yellow metal. Continue reading…


2019 Holiday Hours

Dillon Gage wishes you and your family the happiest of holiday seasons.

The following is our schedule for the 2019 holiday season:

  • Dec. 24th: Trading, Refinery & FizTrade close at Noon Central (CT).
  • Dec. 25th: Dillon Gage Trading & Refinery closed. FizTrade opens at 5pm CT
  • Dec. 26th: Normal trading and refinery hours resume
  • Dec. 31st: Trading, Refinery and FizTrade close at Noon CT.
  • Jan 1st: Dillon Gage Trading & Refinery closed. FizTrade opens at 5pm CT
  • Jan 2nd: Normal trading and refinery hours resume

Gold Trades Above $1,500

Gold Trades Above $1,500

Gold trades above $1,500 at seven-week high on Comex early Friday, heading for its best year since 2010.

The yellow metal has advanced for the past four sessions, even amid an equities rally and optimism over a phase-one U.S.-China trade accord, which would typically be bearish factors. Gold climbed throughout the year as a hedge against uncertainty when it appeared that the negotiations had stalled. Continue reading…


Gold Rises In Light Trading

Gold Rises In Light Trading

Gold rises in light trading ahead of the Christmas holiday as investors await more information on a U.S.-China trade accord.

The two sides announced that an agreement had been reached the week before last, but details have so far been scarce. Gold climbed throughout the year when it appeared the negotiations had stalled and is still on track for its best year since 2010, mainly because of the tariff war. The precious metal has been largely rangebound since news of the accord broke, as gold’s appeal as a hedge against uncertainty diminished.

China cut import tariffs on $389 billion in goods including food, consumer items and manufacturing parts on Monday, Bloomberg reported. The move, announced by the Finance Ministry and set to go into effect Jan. 1, isn’t directly linked to the U.S.-China trade agreement, but it supports claims by the Chinese government that it’s further opening its economy, according to the report.

February gold futures declined 0.2% Friday and slipped just 30 cents last week to settle at $1,480.90 an ounce on Comex. Thursday, the futures settled at the highest level in more than two weeks. Currently, the February contract is up to $1486.10.

Holdings in SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, rose 0.3% Friday to 885.93 metric tons, Reuters reported. And speculators increased their bullish positions in both gold and silver contracts in the week ended Dec. 17, according to the Commodity Futures Trading Commission’s Commitments of Traders report, released Friday.

Silver rose 0.4% Friday to settle at $17.22 an ounce on Comex. The March futures contract advanced 1.3% last week.

Precious metals looked less attractive to some investors last week as equities traded near all-time highs. The Standard & Poor’s 500 reached a new record above 3,200 for the first time Thursday, closing at 3,205.37, and the index posted its biggest weekly gain since September on Friday.

Palladium rebounded early Monday after declining in the latter part of last week after reaching a record above $2,000 an ounce on Tuesday. There’s a global supply crunch for the metal used in autocatalysts. Spot palladium fell 3.9% last week.

Spot platinum slipped 1.9% last week.

Most markets around the world will be closed Wednesday for Christmas, and many — including Australia, Canada, Germany and the U.K. — will also be closed Thursday. The economic calendar is light heading into the holiday week, but U.S. weekly jobless claims are scheduled to come out Thursday, with Japan’s retail sales and industrial production set for Friday, along with Chinese industrial profits.

 

Disclaimer: This editorial has been prepared by 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.


Gold Drifted Lower

Gold Drifted Lower

Gold drifted lower early Friday on signs of a U.S.-China trade accord and as investors awaited U.S. GDP data to gauge the strength of the economy. Palladium remained near a record high reached Tuesday. Continue reading…


American Eagle Sales as of 12/19/2019

Gold and Silver American Eagle Sales

The following chart includes the year to date totals for 2019 Gold and Silver American Eagle Sales from the U.S. Mint as of 5pm on December 5th. The chart also shows the difference in sales from our last report on December 6th.

Dillon Gage is authorized t0 purchase gold, silver, platinum, and palladium bullion directly from the U.S. Mint, as well as all the world’s major mints.
Continue reading…


Gold Fairly Steady

Gold Fairly Steady

Gold fairly steady early Wednesday after rising just 10 cents Tuesday as investors awaited details of a trade deal. Meanwhile, spot palladium retreated after reaching an all-time record high above $2,000 an ounce. Continue reading…


Gold Hanging Tough

Gold Hanging Tough

Gold hanging tough this morning, recovering some of the turf it lost late yesterday as uncertainty over the U.S.-China trade standoff and the Brexit timetable diminished, causing equities to rally and reducing the yellow metal’s attractiveness as an investment hedge. Continue reading…


Gold Steady on Inflation Data

Gold Steady on Inflation Data

Gold steady on inflation data this morning as the markets await today’s policy statement from the Federal Reserve and amid speculation on whether the Trump administration will impose a new round of tariffs on China as scheduled on Sunday. Continue reading…


Gold Modestly Up

Gold Modestly Up

Gold modestly up this morning on less than positive economic news out of China. The yellow metal regained some of the ground it lost after slipping Friday on a better-than-expected U.S. jobs report.

The positive job number reduces the urgency for a trade accord with China and helps justify a Federal Reserve decision — widely expected Wednesday — to keep interest rates unchanged. Continue reading…


Gold Slips On Jobs Report

Gold Slips On Jobs Report

Gold slips on jobs report this morning, taking a bit of shine off a positive week. Lingering uncertainty over the potential U.S.-China trade deal kept the yellow more attractive as a hedge over the past few days.

This morning’s non-farm payroll numbers surged, up 266,000. The expected increase was 180,000. This is the biggest jump since January. The end of the GM strike boosted employment in motor vehicles and parts by 41,300, part of an overall 54,000 gain in manufacturing. Continue reading…


Gold Near One-Month High

Gold near one-month high

Gold near a one-month high as the yellow metal fluctuates through the early morning hours driven by disappointing job numbers and new hopeful trade comments from President Trump.

Gold rose significantly on Tuesday after U.S. President Donald Trump said that it might be better to wait until after the 2020 presidential election in November to sign a trade deal with China. Continue reading…


Gold Rises On Weak ISM

Gold rises on weak ISM data

Gold rises on weak ISM data this morning. After drifting a bit lower early this morning on an equities rally, the yellow metal got a shot in the arm and the Dow took a hit when the ISM Manufacturing PMI dipped to 48.1 for November. That’s below an estimate of 49.4 and under October’s 48.3. Continue reading…


FizTrade Mobile App Upgrades

FizTrade Mobile App Upgrades

The FizTrade mobile app puts the power of Dillon Gage’s award-winning Physical Precious Metals Trading platform in the hands of iPhone users with 24-hour trading, up-to-the-minute order status updates, real-time bid/ask pricing and management of the fulfillment process.

Fiztrade Mobile is the fastest and most efficient way for Dillon Gage customers to place trades, track orders, and receive shipment notifications in real time; no matter where they are in the world.


Additional features have been added to FizTrade Mobile app’s robust platform to include:

  • Pop-up notifications when orders are processed, shipped and when purchase orders are received
  • iPad-compatible navigation
  • Seamless checkout

Coming soon:

  • Pop-up notifications when orders have been released to the fulfilment warehouse
  • Purchase Order notifications when buyback products have been received
  • Ability to customize notifications and opt in or out of specific alerts


Gold Holding Above $1,450

Gold Holding Above $1,450

Gold holding above $1,450 despite stumbling on strong economic data released this morning. Three new pre-holiday reports show positive signs including a drop of 15,000 in U.S. weekly jobless claims, better-than-expected growth in the U.S. third quarter GDP (up an annual rate of 2.1% versus the forecast 1.9%), and the U.S. Commerce Department report showed an increase of .6% in U.S. durable-goods orders for October, that’s up from September’s revised 1.4% drop. Continue reading…


Thanksgiving Holiday Hours

Thanksgiving Holiday Hours

The Dillon Gage family wishes you and yours a very Happy Thanksgiving!

Dillon Gage will have the following reduced hours over the holiday weekend.

FizTrade:
• Thu. Nov. 28th: Open all day, EXCEPT closed from Noon to 5 pm CST
• Fri. Nov. 29th: Closes at 12:45 pm CST
• Sun. Dec. 1st: Opens at 5 pm CST
Continue reading…


Gold Slipped Earlier Monday

Gold Slipped Earlier Monday

Gold slipped earlier Monday to a one-week low amid signs that the U.S. and China were edging closer to a trade deal.

Equities and the dollar rallied, making gold less attractive as an alternative investment. Gold prices skyrocketed earlier this year as a hedge against uncertainty as the U.S.-China trade standoff worsened. Continue reading…


Gold Firmed Early Friday

Gold Firmed Early Friday

Gold firmed up early Friday amid doubts over whether the U.S. and China will manage to sign a trade deal this year.

Reuters reporting that Chinese President Xi Jinping said his country wants to work out an initial trade pact with the United States, but is not afraid to retaliate if necessary. Continue reading…


Gold Rose On Trade-Deal Fears

Gold Rose On Trade-Deal Fears

Gold rose on trade-deal fears early Wednesday and have now leveled off in anticipation of the FOMC minutes which will be released this afternoon.

U.S. President Donald Trump renewed a threat of tariffs on Chinese imports on Tuesday. “If we don’t make a deal with China, I’ll just raise the tariffs even higher,” Trump said during yesterday’s Cabinet meeting, according to Reuters. Continue reading…


Gold Slips On U.S. Retail Data

Gold Slips On U.S. Retail Data

Gold slips on U.S. Retail Data released this morning for October that showed a rebound.

While October shopping was up, consumers cut back on big ticket items. Commerce Department reports retail sales increased 0.3%, primarily on motor vehicle purchases and higher gas prices. This reversed September’s 0.3% drop and topped a forecast rise of 0.2%.

Gold dipped yesterday after White House Economic Adviser Larry Kudlow said trade talks between the U.S. and China for phase one of a trade agreement were near the final stages. “We are coming down to the short strokes,” he told reporters late Thursday, according to Bloomberg. Continue reading…


Gold Shrugs Off Inflation Data

Gold Shrugs Off Inflation Data

Gold shrugs off inflation data this morning as the U.S. Consumer Price Index shows a 0.4% rise for October according to the U.S. Labor Department. Consensus forecasts were calling for a rise of 0.3% following September’s flat number. The October number marks the highest monthly increase since March. Continue reading…


Gold Enjoyed A Bump Up

Gold Enjoyed A Bump Up

Gold enjoyed a a bump up this morning on continued trade uncertainty over the U.S.-China trade accord and disappointing Chinese producer price data over the weekend.

The yellow metal settle at $1,462.90 an ounce Friday on Comex. It rose to $1,467.90 earlier this morning, but is back to $1,461.30. Continue reading…


Gold Rebounded This Morning

Gold Rebounded This Morning

Gold rebounded this morning, regaining part of a nearly 2% decline in the previous session, as sentiment about a U.S.-China trade pact wobbled.

U.S. and Chinese officials are actively considering rolling back some tariffs to reach the partial trade deal that they’re currently negotiating, Continue reading…


Gold Steady Near Five-Week High

Gold Steady Near Five-Week High

Gold is steady near a five-week high this morning on a weaker dollar and signs of a possible U.S.-China trade accord. It’s basically shrugging off overnight world stock market rallies which are giving the U.S. Stocks a big boost, heading for new all-time highs at the opening bell.

The yellow metal is getting support from oil as the Nymex crude oil prices hit a six-week high overnight and a weakened U.S. dollar index. Continue reading…


Jobs Report Dulls Gold

Jobs Report Dulls Gold

Jobs report dulls gold as the data released this morning shows U.S. jobs growth slowed less than expected in October and China’s factory activity expanded at its fastest pace in more than two years.

The non-farm payrolls data released by the Labor Department showed jobs growth in October came in at 128,000. Economists polled by Reuters had predicted just 89,000 jobs. However, growth still slowed from September.
Continue reading…


Gold Dinged By Hopeful U.S. GDP

Gold Dinged By Hopeful U.S. GDP

Gold dinged by hopeful U.S. GDP data released this morning, in addition to a jump in private payroll numbers, as investors await a monetary policy decision from the U.S. Federal Reserve this afternoon.

This morning’s report shows that 3rd quarter U.S. economic activity grew at an annualized rate of 1.9%. While that is down slightly from the 2% rise hit in the 2nd quarter, it does beat the 1.6% growth rate predicted by economists polled by Dow Jones. Continue reading…


Gold Slips on Record Stocks

Gold Slips on Record Stocks

Gold slips on record stocks this morning. Any other major shifts in gold likely await the monetary policy decision this week from the Federal Reserve and further signs the U.S.-China trade dispute may be resolved in the coming weeks.

The S&P 500 hit a record high this morning. CNBC reporting a break above the all-time high set over the summer. The S&P rose 0.6% to trade above 3,027.98, the record set on July 26, prompted by investors’ positive view of the U.S. China trade talks. Continue reading…


Gold Rises To Two-Week High

Gold Hanging Tough

Gold rises to two-week high earlier this morning after settling above the key $1,500-an-ounce threshold for the first time since Oct. 10. After gaining 1.1% this week, gold looks headed to its best week in five.

Investors fled to safety in the yellow metal amid weak economic data from the U.S. that also made it more likely that the Federal Reserve will boost interest rates for a third consecutive time next week. Meanwhile, the BBC reported that European Union ambassadors will meet to discuss how long a Brexit extension to offer the U.K. and Parliament considers Prime Minister Boris Johnson’s call for an early election in December. Continue reading…


Gold Rises On Flight To Safety

Gold Rises On Flight To Safety

Gold rises on flight to safety. Gold and silver rose this morning as investors fled to safe-haven assets after the U.K. Parliament blocked Prime Minister Boris Johnson’s timetable to exit the European Union by the end of this month.

An election in the U.K. looked more likely after the House of Commons — within minutes — voted to back the government’s new withdrawal bill and then rejected the timetable. European Council President Donald Tusk said after the vote that he would recommend that EU leaders agree to an extension. Johnson will seek an election if a delay is granted, the BBC reported, citing an unidentified person in Johnson’s office. Continue reading…


Down Dollar Boosts Gold

Down Dollar Boosts Gold

Overnight, the U.S. dollar index dropped to a nine-week low giving gold and its precious metals family a boost.

Investors are still looking for signals on Brexit, the U.S.-China trade talks and whether the Federal Reserve will cut interests rates for a third time at the end of the month. Continue reading…


Gold Hopes For Weekly Advance

Gold Hopes For Weekly Advance

Gold hopes for weekly advance. After climbing over $1,500 yesterday on mixed economic data from the U.S. in the morning and decidedly bleak Chinese economic data, the yellow metal dipped again closer to $1,490 this morning as the U.S. stock market regained some ground.

Continue reading…


Low Retail Numbers Boosting Gold

Low Retail Numbers Boosting Gold

Low retail numbers boosting gold this morning. U.S. retail sales fell in September for the first time in seven months. Sales dropped 0.3% as households slashed spending on building materials, online purchases and especially automobiles according to the latest data from the U.S. Commerce Department. A 0.2% rise had been forecast. These unexpected numbers are raising concerns that the slowdown in the American manufacturing sector could be bleeding into the consumer side of the economy.
Continue reading…


Gold Rebounds on Renewed Trade Doubts

Gold Rebounds on Renewed Trade Doubts

Gold rebounds on renewed trade doubts after taking a hit on Friday’s optimistic headlines of a trade deal between U.S. and China. After surging on Friday, stock markets are heading down as investors grow pessimistic on the “handshake” deal.

On Friday, gold fell after it was reported that China had agreed to more than double its annual purchases of U.S. agricultural products to as much as $50 billion, while U.S. President Donald Trump agreed to hold off on another round of tariff increases set for this week.
Continue reading…


Gold Eases on Renewed Trade Hopes

Gold Eases on Renewed Trade Hopes

Gold eases on renewed trade hopes as the standoff between the U.S. and China NOW appears to be on a positive track. Precious metals are now awaiting reaction to the next potential market mover, the release of this afternoon’s FOMC minutes.

Late yesterday, gold got a headwind when tariff talks had seemed to worsen in the leadup to talks between the two nations Thursday and Friday in Washington. But now, Bloomberg is reporting that China is still open to agreeing to a partial trade deal, citing an official with direct knowledge of the talks. The headline boosted U.S and Eurozone stock markets and took a bit of shine off the yellow metal. Continue reading…


Gold Steady Ahead of Trade Talks

Gold Steady Ahead of Trade talks

Gold steady ahead of trade talks, remaining little changed early Monday as investors looked for signs about the direction of the negotiations between the U.S. and China, which are scheduled to resume this week in Washington.

Investors have turned to bullion as a hedge against uncertainty when the talks appear to be stalling. The next round of discussions is scheduled for Oct. 10 and Oct. 11. Continue reading…