Precious Metals Commentary, Analysis and Statistics

Surprisingly, even with a stronger U.S. Dollar and rallying Bond prices across the globe, the price of Gold is holding up well. Continue reading →

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 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 →

The price of Gold getting help from weaker U.S. Treasury yields and a declining Dollar index. Continue reading →

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 →

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 →

Higher Treasury yields and a selloff in the Bond Market are attributing to lower Gold prices this morning. Continue reading →

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 →

The Dollar index is firming up and trading in a tight range overnight giving some Gold investors hope that a strong rally in the dollar will not materialize. Continue reading →

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 →

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 →

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 →

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 →

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 →

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 →

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 →

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 →

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 →

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 →

At the time of this report, around 5 am., we see the price of Platinum once again testing the $800 level. Continue reading →

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 →

We start the week on a quiet note as noteworthy news stories are hard to find. Continue reading →

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 →

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 →

What moves the price of Gold these days? Simply put, it’s news and technical levels. Continue reading →

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 →

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 →

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 →

Yesterday, the price of Palladium reached another all-time high at $ 1,436.50 per ounce.
Continue reading →

The price of Gold seemingly stuck in the mud despite all the negative news heard around the globe.
Continue reading →

The Palladium Market is starting to see supply emerge in Zurich. In turn. the Palladium EFP is now quoted minus 45 minus 35. Continue reading →

The price of Gold is getting a boost from a weaker U.S. Dollar index and higher bond prices as investors bring new cash into safe haven investments. Continue reading →

The price of Palladium continues to climb on supply concerns. Overnight, the spot price of Palladium broke thru the $1,342 level of resistance as more and more Hedge Fund managers joined the club. Continue reading →

The price of Palladium just broke thru the $1,300 dollar spot level after experiencing a $40 Sweep higher on Friday on only 300 future lots traded. Continue reading →

In any healthy market rally, pull backs are expected before the rally continues and the price of Gold is no different. Continue reading →

China’s Purchasing Manager Index (PMI) was released overnight showing that in the month of December, factory activity contracted for the first time in 19 months. The number of 49.7 indicates a slowing Chinese economy and a weaker number than expected. Continue reading →

Tightening supplies still the main driver of the increase in the Palladium price. Today’s EFP is quoted at minus 75 minus 65, steadying a bit, but still showing the strong continuing need for spot Palladium. Continue reading →

The following is the Holiday Schedule for Dillon Gage Trading, Dillon Gage Refinery and FizTrade:

• Dec. 24th: Trading, Refinery and FizTrade.com close at Noon Central Time (CT).
• Dec. 25th: All Dillon Gage operations closed
• Dec. 26th: FizTrade opens at 7 a.m. CT. Normal trading and refinery hours resume
• Dec. 31st: Trading, Refinery and FizTrade.com close at Noon CT.
• Jan 1st: All Dillon Gage operations closed
• Jan 2nd: FizTrade opens at 7 a.m. CT. Normal trading and refinery hours resume

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Wishing a happy and safe Holiday Season to you and your family!

Strong overnight buying in Gold is reported out of the Far East, as the price of Gold breaks thru key resistance levels. Continue reading →

The rally in the Gold Market is taking a pause this morning as a stronger dollar emerges. Continue reading →

Here are the headlines coming out of the Fed Meeting that ended today:

• Fed raises interest rates quarter percent Continue reading →

The Fed’s two-day meeting ends today with almost a certainty that they will once again raise rates. Continue reading →

Walter Pehowich is off today.

The Gold/Dollar seesaw ride continues. This morning, the U.S. Dollar index has softened and boosted gold. Continue reading →

The Euro, Sterling and Yen all lower this morning giving a boost to the U.S. Dollar, which in turn, puts pressure on the price of Gold. Continue reading →

The same old story emerges day after day. Dollar higher, the price of Gold lower and vice versa. Continue reading →

Dillon Gage is proud to announce our latest expansion. In order to serve you even better, we have opened a new distribution center in Dallas, Texas. This center is the primary facility for all our storage and fulfillment. That means this is the new location for all customer pick ups and any shipments to Dillon Gage for trading.

PLEASE NOTE: Payment remittance and refinery addresses remain the same.

New Distribution Center Address
11925 N Stemmons Fwy
Suite 180
Dallas, TX 75234
800-375-4653

Please note, the entrance to the parking lot is from the I-635 LBJ FWY service road and the building’s entrance is on this south side.

Google Map/directions

The British Pound fell sharply this morning vs. the U.S. Dollar and the Euro, because at this juncture it looks like the Brexit vote will probably be delayed. Continue reading →

Recovering Treasury Yields and a slightly softer Dollar are giving the price of Gold a boost this morning. Continue reading →

The whole world seems to heading to the Bond Market. As the Equity Markets across the Globe decline today almost every country’s Bond market is seeing yields drop and Bond prices rise. Continue reading →

The spot price of Palladium has blown past the spot price of Gold reaching an all-time high in spot at $1,255. Supply concerns still dominate the marketplace attracting more Hedge Fund interest in this small but active market. Continue reading →

Warning signs in the Bond Market today. For the first time in a decade, part of the U.S. Treasury Yield has inverted. The Ten-Year Treasury now with a two handle. Continue reading →

Well, it turned out exactly as we anticipated. A 90-day pause, before implementing the 25 percent tariff rate hike. The President just couldn’t walk away from that dinner meeting without accomplishing something. Continue reading →

This morning ahead of the G20 meeting we see the price of Gold smack dab in the middle of our trading range from $1,212 to $1,232. Continue reading →

Fed Chairman’s comments rallies the price of Gold and Equities.

The buzz word seems to be we are “ JUST BELOW “ just neutral status regarding rate increases. In other words, his comments are being viewed as “ dovish “. The term ‘Neutral “ seems to be between 2.50 and 3.50 percent. So with a December rate hike and one or two more in 2019 that should be enough to put the Fed where they want to be. Continue reading →

All algorithm platforms locked and loaded as the Street awaits to hear from the Fed Chairman at the Economic Club luncheon at noon today in New York City. Continue reading →

We start the week seeing all four metals in positive territory. Keeping them all afloat is a weaker U.S. dollar. Continue reading →

For the past few weeks, we have been seeing a declining Equity Market, so much so, that most of the experts are calling it now a true bear market.

So as investors sell off their stocks, where is all that money now headed? A good portion of those dollars are headed to the Bond Markets. Continue reading →

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

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