American Eagle 2020 YTD Sales

American Eagle 2020 YTD 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 May 28th. The chart below also shows the difference in sales from the last report on May 22, 2020.

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


Memorial Day 2020

Memorial Day 2020

Dillon Gage trading room and refinery will be closed Monday, May 25th, in honor of Memorial Day. FizTrade.comTM electronic trading, will be open*:

  • Sunday, May 24th: 5 pm Central Time (CDT) through Monday, May 25th at Noon CDT
  • Monday, May 25th: Reopens 5 pm CDT and continues normal hours

Have a safe Memorial Day Weekend.

*Subject to change without notice. Hours are dependent upon Globex Market hours.


Gold Strong On Global Tensions

Gold Strong On Global Tensions

Gold strong on global tensions as the yellow metal’s safe haven attracts investors spooked by mounting stresses between China and the U.S., a Beijing plan for a new national security law in Hong Kong and the continued economic collapse triggered by coronavirus-related lock owns. Continue reading…


Gold Rose As Safe Haven

Gold Rose As Safe Haven

Early Wednesday, gold rose as safe haven attributes attracted investors who fled to the yellow metal amid doubts about a potential vaccine and concerns about the global economy. Continue reading…


Gold Off Seven-Year High

Gold Off Seven-Year High

Gold off seven-year high on profit taking as investors turn hopeful eyes to latest vaccine news. Gold had climbed to the highest level in more than seven years earlier Monday after Federal Reserve Chairman Jerome Powell said the economic downturn triggered by coronavirus-related lockdowns could last through the end of next year. Continue reading…


Gold Reacts Little To Unemployment

Gold Reacts Little To Unemployment

Gold reacts little to  unemployment data after the Labor Department reported that the unemployment level hit it highest level since 1931 in April as the economy cratered because of coronavirus-related lockdowns.

Continue reading…


Gold Slipped This Morning

Gold Slipped this morning

Gold slipped this morning below $1,700 after digesting the latest U.S. payroll data that, while sobering, did not hit the expected drop.

Private payrolls in April fell by more than 20 million. While this is the worst drop in the ADP survey history, it is not as bad as the estimated 22 million drop. Continue reading…


Gold Up on China Tensions

Gold Up on China Tensions

Gold up on China tensions after dropping near $1,700 in the early market hours on a strengthening dollar. The deepening rift between the U.S. and China continued to boost gold through the morning. Continue reading…


Gold Slips on Q1 GDP

Gold Slips on Q1 GDP

Gold slips on Q1 GDP report this morning, after edging higher early Wednesday. The GDP gave its first negative reading since the first quarter of 2014, though not as bad as the worst of the financial crisis. Markets now look toward the Federal Reserve monetary-policy announcement this afternoon for information on how the economy is responding to coronavirus lockdowns. Continue reading…


Gold Trying To Hold

Gold Trying To Hold

Gold trying to hold against a positive open in U.S. Stock markets this morning. It was little changed early Monday after the Bank of Japan announced stimulus measures and equities rallied, pressuring the yellow metal, but it continued to receive a boost from continued fears about the economic recession triggered by the novel coronavirus. Continue reading…


Gold Hangs On To Gains

Gold Hangs On To Gains

Gold hangs on to gains after the latest data shows a mixed picture of the U.S. manufacturing sector.

New orders for key American-made capital goods rose in March. The rise surprised economists and the gains are not expected to be sustainable amid the novel coronavirus outbreak. Meanwhile, U.S. durable goods orders sank 14.4% for March, much more than the expected 11.9% drop. Gold shrugged off both the good and bad news. Continue reading…


Gold Holding Near $1,700

Gold Holding Near $1,700

Gold holding near $1,700 as oil tanks, raising concerns about the depth of economic slowdown and in turn, hitting the price of energy stocks. U.S. Stock markets all down at the open, with the Dow slumping over 400 points at the bell. Continue reading…


Gold falls on profit taking

Gold falls on profit taking

Gold falls on profit taking early Wednesday after the yellow metal surged to its highest level in more than seven years on Tuesday. But losses were limited in the safe-haven asset because of fears of a deep and protracted recession. Continue reading…


Gold Slips on Profit Taking

Gold Slips on Profit Taking

Gold slips on profit taking, but stays above $1,700. Gold fell on profit taking early Monday after the yellow metal climbed above the $1,700-an-ounce threshold late last week and held there amid continued concern about the spread of the novel coronavirus and its effect on the economy. Continue reading…


Happy Easter

Easter Holiday Hours

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

Below are our Easter weekend holiday hours.

Trading room and refinery hours:

  • Thursday, April 9th – Close at 4:00pm Central Time
  • Friday, April 10th – Closed
  • Saturday, April 11th – Closed
  • Sunday, April 12th – Closed
  • Monday, April 13th – Open 7:30am Central Time

FizTrade™ electronic trading hours:

  • Thursday, April 9th – Close at 4:00pm Central Time
  • Friday, April 10th – Closed
  • Saturday, April 11th – Closed
  • Sunday, April 12th – Open at 5:00pm Central
  • Monday, April 13th – Resume normal hours

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Gold Steady Ahead of ISM Numbers

Gold Steady Ahead of ISM

Gold steady ahead of ISM numbers as investors awaited the release of U.S. manufacturing data for March for signs of how badly the coronavirus has affected the world’s largest economy. The yellow metal didn’t react when the ADP employment numbers showed a loss of 27,000 beating the forecast loss of 150,000 jobs. Continue reading…


Gold Off Last Week’s Rally

Gold Off Last Week's Rally

Gold off last week’s rally as investors continued to worry about the novel coronavirus and its impact on the global economy. The yellow metal is only slightly off last week which saw the biggest weekly rally since 2008. Continue reading…


Gold Pauses On Stimulus Vote

Gold Pauses On Stimulus Vote

Gold pauses on stimulus vote following Tuesday’s massive gains took it near the $1,700 threshold. The yellow metal has been buoyed this morning by traders buying the dips. Continue reading…


Fed Announcement Boosts Gold

Fed Announcement Boosts Gold

Fed announcement boosts gold this morning. Just prior to the opening of the markets, the Federal Reserve announced a slew of new programs to help market functioning. Gold jumped over $30 on the news while equities leapt back into positive territory. The U.S. Stock Markets had stopped trading overnight when congress failed to pass the stimulus bill. Continue reading…


CACHE & Dillon Gage Alliance

CACHE & Dillon Gage Alliance
CACHE, Dillon Gage Form Strategic Global Alliance For Gold-Backed Tokens

SINGAPORE (March 19, 2020) – Singapore-based CACHE Private Limited, a provider of fully-redeemable digital assets backed by gold, and Dallas-based Dillon Gage, the world leader in physical precious metals trading and technology, announced today that they have entered into a strategic global alliance. Dillon Gage Inc. of Dallas has acquired an equity stake in CACHE and will be a storage and liquidity provider for CACHE. Continue reading…


Gold Holding Over $1,500

Gold Holding Over $1,500

Gold holding over $1,500, as the stock market kicks off another wild day. The Dow opened over 1,000 points down and is still over 800 down as the stimulus high wears off.

Gold had risen Tuesday amid signals that governments and central banks would act to support the global economy, hit hard by the coronavirus crisis. The yellow metal lost some steam over night on profit taking and global concerns. Continue reading…


Important Information

Important Information

During this stressful time, Dillon Gage stands ready to take your trades and fulfill your orders. We are making every effort to handle your trades quickly and efficiently, while protecting the health and safety of our employees.

A reminder, FizTrade.com, our secure online trading portal, is readily available to accept your orders during market hours and also provides updates for the availability of product.

You can also access our FizTrade mobile application, available at the Apple Store, to track your shipments and payment processing.

Our state-of-the-art distribution center’s staff is working extended hours as well as weekends to process shipping and receiving.

Additionally, to expedite shipping your orders, please submit payment via bank wire or ACH at the time of order. The wire instructions are below. This will allow us to quickly ship to you as soon as the product becomes available.

WIRE INSTRUCTIONS:

BBVA Compass
ABA# 062 – 001 -186
ACCT.# 6708694841

SWIFT Code: CPASUS44

To Credit the Account of: Dillon Gage

Compass ACH Routing # 113010547

Thank you for your continued business and confidence with Dillon Gage.

Wishing you good health.


Gold Down As Stocks Tumble

Gold Down As Stocks Tumble

Gold down as stocks tumble over 7% at this morning’s opening, triggering the “circuit breaker” shutdown of trading. After resuming trading, the Dow is still down well over $1850, off almost 8%. The next circuit breaker would be thrown if the stocks drop 12%. Continue reading…


DG Coronavirus Plans

DG Coronavirus plans

As you are likely aware, the coronavirus (COVID-19) outbreak has affected business operations across industries worldwide. Dillon Gage is being proactive in alerting our customers as to how to avoid any interruptions in conducting business with us.

We would like to remind everyone that business can be conducted with each of our divisions using the following portals:

Additionally, we have procedures in place that allow most of our banking and accounting operations to be securely handled via remote access so there would be little to no interruption in these business activities.

All Dillon Gage divisions are taking the recommended precautions to prevent an interruption to business, including restricting travel both domestically and internationally. We will continue to communicate any necessary updates via email and on DillonGage.com

We appreciate your business and wish you good health.

Thank you,
Dillon Gage


Gold Rose on British Rate Cut

Gold Rose on British Rate Cut

Gold rose on British rate cut early Wednesday. The Bank of England announced an emergency interest-rate cut triggered by fears about the cornavirus’s effect on the global economy. A delay in the release of U.S. President Donald Trump’s promised stimulus package and volatile equity and energy markets also sent the metal higher. Continue reading…


Gold Strong on Stock Melt Down

Gold Strong on Stock Melt Down

Gold strong on stock melt down sparked by the new oil war between the Saudis and Russia and the on-going fear of the global impact of the coronavirus. Gold climbed above the $1,700 an ounce threshold for the first time in more than seven years early Monday before falling back a touch. Continue reading…


Gold’s Biggest Week Since 2011?

Gold's Biggest Week Since 2011?

Gold’s biggest week since 2011? Gold looks like it’s headed for its biggest weekly rally in nine years driven by anticipation of another interest rate cut by the U.S. Federal Reserve and on investors fleeing to safe-haven assets because of a volatile equities market and coronavirus fears. Continue reading…


Gold Rebounds Braces for Week

Gold Rebounds Braces for Week

Gold rebounds, braces for another volatile week. The yellow metal bounced back from Friday’s steep decline to hover around the $1,600 mark amid speculation that the Federal Reserve will cut interest rates in two weeks as the coronavirus continues to spread. Continue reading…


Gold Heads for Third Monthly Gain

Gold Heads for Third Monthly Gain

Gold heads for third monthly gain, but still retreated earlier today as investors gave in to profit-taking temptation sparked by gold’s 1% jump in the last session. The yellow metal still getting some support from speculation that the rapidly spreading coronavirus could lead to rate cuts by central banks. Continue reading…


Palladium Taking Aim at $3,000

Palladium Taking Aim at $3,000
Palladium reached all-time record of $2,911.70 per ounce

ADDISON, Texas (Feb. 27, 2020) – Today, palladium reached its all-time record high of $2,911.70 per ounce. Dillon Gage, the world leader in physical precious metals, explains why palladium is worth a lot more than its weight in gold. Continue reading…


Gold Feeling Pressure

Gold Feeling Pressure

Gold feeling pressure this morning while staying firmly above $1,630 as U.S. stock markets rally following their steep 2-day declines which included the Dow Jones Industrial Average posted its biggest two-day drop in percentage terms in two years. This morning, the Dow is up over 200 points at the opening bell in a somewhat expected rebound.

April gold futures settled at $1,650 an ounce Tuesday on Comex. The yellow metal edged higher Wednesday after dropping 1.6% in the previous session on profit taking. The daily decline didn’t completely erase Monday’s 1.7% rally. Gold is up 3.9% this month as investors have sought safe-haven assets amid mounting fears about the coronavirus and its economic impact. Currently, the April contract is at $1,635.50

The spread of coronavirus outside China has spurred gold toward $1,700 but has also caused equities to tumble. The U.S. Centers for Disease Control added to coronavirus fears Tuesday as the agency warned Americans to prepare for a coronavirus crisis. Holdings in SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, rose 0.7% Tuesday to 940.09 metric tons, Reuters reported.

The Dow fell 3.2% Tuesday after sliding more than 1,000 points Monday, the third worst one-day point drop in the index’s 124-year history. The Standard & Poor’s 500 Index dropped 3% Tuesday.

The coronavirus, designated COVID19, has killed almost 2,800 people worldwide and sickened over 81,000. Most of the cases have been in China, where the outbreak started. The virus is a WHO-designated global health emergency.

“It’s not so much a question of if this will happen anymore but rather more a question of exactly when this will happen and how many people in this country will have severe illness,” Dr. Nancy Messonnier, the head of the National Center for Immunization and Respiratory Diseases at the Centers for Disease Control and Prevention, said during a media briefing, according to NBC.

Fears that the disease’s spread will affect the global economy have increased speculation that the world’s central banks will have to cut interest rates — something that’s usually bullish for gold. The CME FedWatch Tool shows 65.6% odds in favor of a rate cut by the Federal Reserve in April, compared with just 12.8% a month ago. The probability of a cut at the next meeting of policy makers — in March — has also increased to 32.1% from 3.8% a month ago.

In economic news this week, U.S. GDP, initial jobless claims, durable goods and pending home sales data are due out on Thursday. Japanese industrial production, jobs and retail sales figures are scheduled for Friday.

May silver futures fell 3.7% Tuesday to settle at $18.27 an ounce on Comex. They’ve dropped 1.9% in the first two days of this week. Front-month silver futures up 1.4% so far this month after a 0.5% rally in January.

Spot palladium, a metal used primarily in autocatalysts rose 2.8% Tuesday. It surged 11% last week and touched a new record amid a supply crunch. It’s up 19% this month. Spot platinum fel 4% Tuesday and is down 3.5% this month.

 

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 Aiming at $1,700

Gold Aiming at $1,700

Gold aiming at $1,700 an ounce today, setting another seven-year high as investors’ flight to safe-haven assets accelerated when coronavirus cases outside of China spiked, heightening concern about the possible spread, duration and economic impact of the virus spread around the world. Continue reading…


Coronavirus Impacts On Gold

Coronavirus Impacts On Gold

Dillon Gage Gold expert explains why gold performs well in times of uncertainty

ADDISON, Texas (Feb. 21, 2020) Dillon Gage, the world leader in physical precious metals, explains why the coronavirus epidemic ravaging China may send gold futures prices to 7-year record highs above $1,700 an ounce and up. Continue reading…


Gold Holding Above $1,600

Gold Holding Above $1,600

Gold holding above $1,600 this morning after rising past that threshold yesterday, trading at a seven-year high, as investors sought safe havens from uncertainty about the coronavirus’s global impact. This morning the yellow metal shook off the U.S. producer prices report that showed a 0.5% jump last month. Continue reading…