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The U.S. Dollar gave up early gains overnight and now seems to be in retreat mode, as investors wait to see if the President announces new tariffs on about $200 billion of Chinese imports. Continue reading →

The Dollar Index has fallen below the 95 figure, giving the price of gold some support above the $1,200 dollar level. Continue reading →

China continues driving global silver market and will for years to come, fueled by continued industrial demand and silver mining activity. That’s according to a new report by Metals Focus that was commissioned by The Silver Institute, “Prospects for the Chinese Silver Market.” Continue reading →

Walter Pehowich is off today. The insights were prepared by a senior analyst.

It appears, Gold feels comfy just under $1,200. The overhanging concerns over tariffs combined with the strong U.S. Dollar are keeping the yellow metal in the just-under-$1,200 neighborhood. Continue reading →

It’s all over the news, the President wants to add more tariffs. If he follows through, the real losers will be the American consumer. Continue reading →

Gold hit by jobs growth numbers this morning. When the report came out that the U.S. economy added 201k in August, the yellow metal immediately sank back below the $1,200 level. Continue reading →

The buoyant U.S. dollar has finally taken a dip, boosting the price of both gold and silver this morning. The “Dollar Down, Gold Up” headline is giving gold bulls a smile, if only for a moment, as gold once again bumps up against $1,200 an ounce. Continue reading →

FizTrade Should Be Back Online After Microsoft Outage

UPDATED AT 8:01 am CDT Sept 5, 2018

After pushing and working with Microsoft throughout the day yesterday, the Dillon Gage IT team reports that at this time all systems appear to be online and operational (and tested as such). We are cautiously giving the green light to resume normal operations.

If you should encounter any further issues with FizTrade, please refresh the browser. If that doesn’t work, please send an email to thewitt@dillongage.com.

(Yesterday morning, everything in Microsoft’s South Central U.S. region went offline thanks to a temperature spike that caused their Azure servers to automatically shut down to avoid damage.)

Thank you for your understanding and patience.

The Dillon Gage Team

Here are Dillon Gage’s Labor Day Weekend hours. We will be available for trading and refining during the following times.

Electronic trading available on FizTrade.com:

• Sunday, September 2nd from 5pm Central until Noon on Monday, September 3rd
• Regular electronic trading hours will resume at 5pm on Monday, September 3rd

Dillon Gage trading desk and refinery:

• Closed Monday, September 3rd
• Regular business hours on Tuesday, September 4th

Have a safe and happy Labor Day!

After pogoing back and forth above and below $1,200 this week, it appears Gold hangs tough pre-Labor Day. Continue reading →

The price of Gold is in negative territory this morning, as it feels the pressure of a stronger Dollar Index. Continue reading →

If you have been listening to the Cable Financial News Networks of late, you have likely heard them talking a lot about the flattening yield curve.

So what are they referring to? Continue reading →

Equity prices are on the rise and so is the price of Gold after Fed chairman Jerome Powell said the Central Bank has no intention of accelerating the pace of rate hikes. Continue reading →

This morning, a weaker Dollar Index is keeping the price of Gold in positive territory. Continue reading →

The price of Gold marches higher as the value of the U.S. Dollar continues to soften. As Gold approaches the $1,200 dollar level, traders still holding short positions (and there are many) must be thinking twice about holding on to a possible losing trade. Continue reading →

Gold prices moved higher overnight in the Far East despite a stronger dollar and higher equity prices. Continue reading →

The price of Gold takes a pause today after dropping almost 3 percent this week. The price of Silver experienced a 5 percent decline and PGMs also took it on the chin as Platinum declined 6 percent and Palladium fell over 5 percent. Continue reading →

This is very difficult to confirm, but the talk on Wall Street by some Gold traders is that this sell off in the price of Gold is rumored to be emerging-market central bank selling. Continue reading →

The price of Gold continues to slip in a downward spiral overnight in Asia weakening to its lowest level since January, 2017. Continue reading →

Dillon Gage introduces DGGold™ – direct physical gold ownership now available to investors

ADDISON, Texas (Aug. 14, 2018) – Dillon Gage Metals, one of the world’s largest precious metals wholesale firms and leading technology innovator in the industry, recently launched its first Digital Metals product, DGGold. Continue reading →

Early this morning, selling emerged out of Europe bringing the price of Gold below the all-awaited $1,200 dollar level. Continue reading →

This morning we find price of Gold under Dollar’s pressure. The U.S. Dollar continues to rise against most major currencies today hitting a fresh 52 week high of 96.18 in light trading activity, as investors focus on global trade tensions and a strong U.S. economy. Continue reading →

It’s becoming even more difficult these days to try to analyze a market that, for the most part, is standing still. Continue reading →

The U.S. dollar regained its oomph over the weekend, after losing a bit of steam on Friday. In turn, the selling pressure on gold and silver is on the rise. In fact, gold is trading close to last week’s 12-month low, while the dollar index is very close to the 12-month high it hit a few weeks ago. In short, the dollar’s back up – gold soft. Continue reading →

Surprise – gold ticks up on jobs report. After a lackluster week, the yellow metal regained a little shine this morning after weaker-than-expected growth numbers in the U.S. labor market were released for July. Continue reading →

All eyes will be on the Federal Open Market Committee as it finishes its two-day meeting today. No rate is expected at 2 pm when their statement is to be released. Continue reading →

We start the week with little, if any, news to report that will affect the price of Gold. Continue reading →

When I talk with financial advisors, most indicate that for the most part their clients are happy with their current equity holdings. Continue reading →

All four precious metals in positive territory today as continued weakness in the dollar is the major contributor. Softer Bond yields across the globe also playing a part. Continue reading →

We start Monday looking forward to the release corporate earnings and the all-awaited second quarter GDP figures. Making this a busy week for financial news, indeed. Continue reading →

After the dollar index reached 95.66 yesterday, surpassing the June high of 95.54 (but failing to hold above that level), a short covering Gold rally ensued. Continue reading →

Yesterday, two levels in the price of Gold were violated giving the shorts confidence there is more selling to come. So, let’s do a gold technical overview. Continue reading →

Economic data released Friday from China revealed that both exports and imports came in less than expected, indicating that the trade war impact has begun. Going forward, these figures now suggest that we can expect slower global economic activity. Continue reading →

Brexit aside…there appears to be little risk aversion in the markets, leading to gold and silver drifting lower this morning, after firming up a bit yesterday afternoon. Continue reading →

The stubborn success of the U.S. dollar as of late continues to be a yoke around the neck of precious metals, keeping gold & silver stuck in neutral. Continue reading →

Walter Pehowich is on vacation this week. The insights are from a senior Dillon Gage analyst.

Hold on…as instabilities rock the market landscape.

July 4th may be in the rearview mirror, but the fireworks appear to just be getting started—all in the name of a looming U.S. China trade war between the economic giants. Continue reading →

It’s official, a trade war has begun between the U.S. and China as the Trump administration has imposed tariffs on approximately $34 billion worth of Chinese products. Continue reading →

Dillon Gage Trading and Refinery holiday hours

• Tuesday, July 3rd: Normal hours
• Wednesday, July 4th: Trading room and refinery closed FizTrade.com electronic trading will be turned off at NOON CDT and reopen at 5:00 CDT*
• Thursday, July 5th: Regular hours resume

Have a happy and safe Fourth of July!

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

The Dollar Index is trading higher this morning putting pressure on all four metals. Continue reading →

A recent report released by the World Gold Council revealed that first-quarter identifiable Gold demand slowed to a 10-year low of 973.5 tons. Continue reading →

The Trump administration is pulling back on its harshest measures on Chinese investments in U.S. technologies. Continue reading →

Gold continues its sell off stance as short sellers continue to add on their positions, as seen in last Friday’s commitment of traders report. Continue reading →

ICTA’s Anti-Counterfeiting Task Force plays key role in investigation and provides experts to identify fakes

Dillon Gage is a proud member of The Industry Council for Tangible Assets

A New Jersey man admitted June 25 to impersonating a federal agent while selling counterfeit coins and bars and unlawfully importing counterfeit coins and bars into the United States, according to U.S. Attorney Craig Carpenito. Continue reading →

The lack of interest in the Gold market by traders, speculators and of course investors continues to keep the price of Gold seemingly locked in place. Continue reading →

The Dollar index is in negative territory this morning, giving the price of Gold a temporary reprieve from the lower prices it’s been hitting this week. Continue reading →

The stronger dollar index that is now at the 95 level is keeping Gold from edging higher. Meanwhile, investors and traders are preoccupied with all the news flooding the news channels on our ongoing immigration policy and a potential trade war with China. Continue reading →

Walter Pehowich is off today

After Frantic Friday, gold’s changes have settled down to a slightly positive mode. Continue reading →

ECB President Mario Draghi said yesterday that he will keep EU interest rates unchanged until summer next year, In contrast, U.S. Fed Chairman Jerome Powell took a more aggressive stance, trying to stay ahead of the curve, announcing continued rate hikes. Continue reading →

All eyes on the Fed today as a decision on interest rates will be released at 2pm EST. Continue reading →

Walter Pehowich is attending the IPMI conference. Today’s comments were compiled by Dillon Gage senior analyst

The precious metals market is calm across the board this morning, on pause as we await the details of the pending summit between President Trump and North Korean leader Kim Jong Un. Continue reading →

It took the United States Mint till the end of April 2018 to sell all remaining 2017 one ounce Gold eagles. Continue reading →

Technical levels have been broken thru the $1,010 level in spot Palladium. Currently, Palladium is up over $30 dollars since the futures opened. Continue reading →

A mixed bag of financial data is keeping the price of Gold range bound. Continue reading →

A weaker U.S. dollar and stronger U.S. Treasury yields keeping the price of Gold locked in place. Continue reading →

Market Headlines for this morning:

• Gold prices lower as U.S. dollar and Treasury yields increase. Continue reading →

At the time of this report the price of Gold is trading down slightly. Continue reading →

Dillon Gage trading room and refinery will be closed Monday, May 28th, in honor of Memorial Day.

FizTrade, electronic trading, will be open*:
• Sunday, May 27th: 5pm Central through Monday, May 28th at Noon Central
• Monday, May 28th: Reopens 5pm Central and continues normal hours

Have a safe Memorial Day Weekend.

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

Most of the Wall Street Gold traders I speak with daily have left already to enjoy the Memorial Day weekend. I can’t say I blame them as the beginning of the holiday weekend is shaping up to be spectacular here in New York with the second half not so good. Continue reading →

President Trump writes a letter to North Korean leader Kim Jong Un, calling off proposed summit, “for the good of both parties,” but as he put it, “to the detriment of the world.”

In turn, Gold and Silver rally on the news.

Have a wonderful Thursday.

Walter Pehowich is off today. The insights were compiled by a senior Dillon Gage analyst.

Gold hits the wall just shy of $1,300 this morning. Continue reading →