Precious Metals Commentary, Analysis and Statistics

The Market Gage conducted a Q & A with Walter Pehowich to determine the high (and low) lights from 2016. Continue reading →

An extremely quiet overnight session in the Far East and Europe as the price of both gold and silver seen virtually unchanged. Very few Gold traders around today and the ones that were are reporting that by noon they will close their books for 2016. Continue reading →

The precious metals market in holiday vacation mode once again this morning as we see very light volume in Gold and Silver CME Future contracts. Continue reading →

If you are looking for a catalyst to get the price of gold in rally mode look no further than the Italian banks for help. Continue reading →

A weaker dollar and lower 10-year bond yields across the globe helping gold stay in positive territory. Continue reading →

Precious metal prices start off the week above the very important support levels at $1,132 in the February Gold Futures and $ 16.06 in the March Silver Futures contract. Continue reading →

The U S Dollar and the US Treasuries turn south and Gold rallies ten dollars after the news story is released that a Chinese Naval war ship seized an underwater drone deployed by a U.S. oceanographic vessel in the South China Sea. Continue reading →

Level heads prevail as the market absorbs the news released this week from the FOMC. Continue reading →

2016 is winding down at the Mint. The following chart includes the year to date totals from the U.S. Mint as of 5pm on December 15th. Continue reading →

The price of Gold and Silver under extreme pressure because of a much stronger dollar this morning. Continue reading →

Algorithms kick into high gear as the news on the FED decision hits the wires. Continue reading →

Gold trading in positive territory this morning as the world awaits the Fed decision on interest rates at 2pm EST today. Continue reading →

Gold seems to be holding a key level of support at the $1,158 level in the February futures contact. Technical chart numbers reveal that this level is a must hold otherwise $1,132 is the next stop on this train. Continue reading →

Sorry for repeating myself but it seems to be the same old story. Continue reading →

The price of gold in negative territory this morning after the European Central Bank (ECB) announced the continuation of the bank’s asset – buying program. Continue reading →

With a steady dollar index and consolidating bond yields, the price of Gold and Silver is seen this morning in positive territory. Continue reading →

Gold under pressure from many fronts this morning as we see continued outflows of Gold ETF and a call for a new record high in the Dow Industrial average. Continue reading →

As we head into December, all eyes will be on the next Fed meeting set for December 13-14th. As the CME Fed watch tool indicates, a rate hike at the next meeting is almost a certain. Continue reading →

The price of gold remains steady this morning even with a small gain in the dollar index. Continue reading →

Where did everyone go?

I find it very interesting that the gold market has hung on even with strong with the significant Gold ETF redemptions over the last 12 business days and most important, even given the dramatic decline in the Gold futures open interest. Continue reading →

The 8:30 am durable goods figure came in at much better than expected at 4.8 percent after the street was looking for a 1.5 percent increase. Continue reading →

Wondering why all four precious metals are in the green today with the Dow, Nasdaq and S&P at all-time highs? Continue reading →

After making new highs for the year in the Gold ETF on Wednesday November 9th and new all-time highs in the Silver ETF on Tuesday October 25th; we witness for the seventh straight day strong redemptions in both metals. Continue reading →

The movement in the value of the U.S. Dollar this morning is orchestrating the movement in the price of gold. As the dollar index reached new highs overnight at 101.37, strong selling emerged violating both support levels bringing gold down to the $1,201.30 level in the December contract. Continue reading →

The U.S. dollar index broke thru a 13-year high this morning, putting pressure on the price of gold. Continue reading →

The price of gold rebounds from its technical support level of $1,212 that it hit on Monday. (Actual low in the December contract was $1,211.) Kudos to my tech friends who virtually nailed the support level in gold.

Both the stronger dollar index and the across the board sell off in the precious metal ETFs seems to have no effect on the price of gold this morning.
Continue reading →

Veteran COO Mark Furmanek Set to Facilitate Operational Excellence

ADDISON, Texas (Nov. 15, 2016) – Dillon Gage Metals, an international precious metals wholesaler, has announced the appointment of Mark Furmanek to serve as chief operating officer for the organization. Continue reading →

A strong dollar and extensive outflows in the gold and silver ETFs overnight are putting continued pressure on the price of gold and silver. Continue reading →

Walt’s believe it or not “Flash Gage.”

There are three components to the selloff in gold this morning. Continue reading →

Wednesday and Thursday, day one and day two after the election, retail equity investors saw what they believed to be buying opportunities in equities that they could not pass up. Continue reading →

A wild election night of trading in all markets. Continue reading →

As I’ve said before, I never take sides in an election, neither do I talk about religion or the food I choose to eat. Continue reading →

The CBOT Volatility index (VIX) is known as the world’s barometer to predict market volatility. Continue reading →

As the old saying goes, there are two things in life that are CERTAIN: death and taxes. Would anyone be upset if I add a third? Continue reading →

The World Gold Council reported that gold demand in the 2nd quarter followed trends from the prior quarter: Huge ETF inflows counterbalanced by anemic jewelry demand amid rising prices. Continue reading →

The Brexit vote to leave the EU was upended this morning after the High Court in London delivered a blow to Prime Minster Theresa May by ruling that she must seek Parliamentary approval before starting the process to leave the European Union. Continue reading →

We are just a few days away from the most important Presidential election this country has ever experienced. So who is better for the price of gold, Hillary or Donald? Continue reading →

Gold and Silver are higher on a technical breakout this morning. Continue reading →

The third quarter Gross Domestic Product number released on Friday shows that the U.S. economy grew at its fasted pace in two years. Continue reading →

Gold rallies and equities decline after the news is released that the FBI is re-opening their investigation into Hilary Clinton’s private emails. Continue reading →

Are Italy’s banks are on the brink of disaster? Today, let’s explore some of the compelling facts that lend weight to this concern. Continue reading →

A lot of questions, but not many answers:

1. Is anyone in Washington concerned that the big Wall Street banks continue to grow massive in size? Continue reading →

Quick bullet points from the news that are impacting this morning’s precious metals market: Continue reading →

Beginning today, the CME Group will expand their precious metals products to include a cash-settled spread and ratio contract, offering a new way to manage your precious metals exposure. Continue reading →

A lot of discussion is taking place regarding the possibility of an interest rate hike in the near future. Here is what I expect will happen on the next Fed Rate hike. Continue reading →

Recently I’ve been writing about that fact that our country’s debt is approaching $20 trillion dollars and not one politician is stepping up to the plate to address the issue. Continue reading →

I attended a well-organized US Mint conference this past Thursday at the Federal Reserve in Philadelphia regarding the status of the Numismatic industry. Continue reading →

Gold ETF holdings up 2.31 tons overnight hitting a new high for 2016 and reaching the highest level since May 2013. Continue reading →

Ronald Reagan once said, “No great nation that ever abandoned the gold standard has remained a great nation.” Continue reading →

Precious Metals Veteran To Head Up International Trading Division

ADDISON, Texas (Oct. 14,2016) – Dillon Gage Metals, an international precious metals wholesaler, has announced that industry veteran Ryan Valadez will join the company and serve as Executive Vice President of Global Trading. Continue reading →

We are often asked about how various entities conduct their trading business. I thought I’d discuss the larger trading firms in this edition of the Market Gage. Continue reading →

Have the funds exited the gold and silver market looking for a better opportunity? Continue reading →

Do you believe that everything you read on the Internet is true?
Continue reading →

Gold experienced a two-fisted knockout punch yesterday thanks to the comments from Richmond Fed President Jeffery Lacker (as I discussed in yesterday’s Flash Gage) and the news that the ECB will be tapering QE. Continue reading →

Here they go again!
AND THE PRICE OF GOLD RESPONDS TO HIS COMMENTS. Continue reading →

We start the week on a quiet note as the market looks for some kind of direction. A steady dollar valuation is keeping gold and silver in a tight trading range. Continue reading →

Fed Chair Janet Yellen said yesterday that the Federal Reserve might be able to help the U.S. economy in a future downturn if it could buy stocks and corporate bonds. Continue reading →

Had you ever felt compelled to invest in Gold and Silver mining stocks instead of physical gold?
Continue reading →

How do I expect gold to react in a deflationary environment or inflationary environment? Gold can be a hedge against either. Continue reading →