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The following chart includes the year to date totals for 2017 from the U.S. Mint as of 5pm on February 23rd. Continue reading →

Don’t fall asleep at your post. You might just be missing some thing you would regret. Continue reading →

SOME BIG IFS!

Fed minutes just released show that some officials expressed confidence that they can raise rates gradually. Continue reading →

All eyes on the Fed today as they release the minutes from the January 31–February 1 meeting at 2 pm today. Continue reading →

Ready for Signals….

With President’s Day upon us, our markets are a little quieter than usual. Continue reading →

Walter is on vacation through 2/21/17. This post was written by a Dillon Gage Precious Metals Staff expert.

Steady as She Goes… Continue reading →

The following chart includes the year to date totals for 2017 from the U.S. Mint as of 5pm on February 16th. Continue reading →

Fed Chairwomen Janet Yellen is back on the hill today for her second day of testimony. Continue reading →

FED Chair Janet Yellen is ready to testify before congress today just released this statement:

Waiting too long to raise interest rates would be “unwise” as economic growth continues and inflation rises. Continue reading →

The price of gold this morning under pressure as the dollar index approaches the 101 level again and ten year bonds yields advance. Continue reading →

The dollar index approaching the 101 level this morning along with higher Ten-Year Bond Yields putting Gold in negative territory. Continue reading →

The following chart includes the year to date totals for 2017 from the U.S. Mint as of 5pm on February 9th. Continue reading →

President Trump meeting with airline executives at the White House this morning announcing to the American people you will be very pleased with my tax plan that will be announced soon. Continue reading →

The price of gold is marching forward as the dollar and treasury yields decline. Continue reading →

The CME reported today that their average daily Gold future contract volumes averaged 525,000 in January, up from last year’s average daily volume of 405,000 contracts per day. Continue reading →

The following chart includes the year to date totals for 2017 from the U.S. Mint as of 5pm on February 2nd. Continue reading →

This morning, a stronger dollar and higher 10-year bond yields are keeping the price of gold locked in a trading range. Continue reading →

What a surprise! Greece is back in the headlines again, holding both hands out looking for another bail out. Continue reading →

The Fed leaves rates unchanged. Here are some headlines out of the meeting: Continue reading →

All eyes on the Fed this afternoon as we await news on any rate hike. Continue reading →

The US dollar in free fall this morning after comments by Peter Navarro, the head of President Trump’s national trade council, who said, “the Euro is grossly undervalued.” Continue reading →

Very quiet opening in our markets this morning due to the Chinese celebrating the Lunar New Year. Continue reading →

Lower gold and silver prices seen in overnight Asian trading after seeing the dollar strengthen. Continue reading →

The following chart includes the year to date totals for 2017 from the U.S. Mint as of 5pm on January 26th. Continue reading →

Expanding its global footprint to serve the Asian market

ADDISON, TX (January 26, 2017) – Dillon Gage Metals, an international precious metals wholesaler, announces the opening of a Singapore-based office to further their business interests in the buying, selling and trading of physical precious metals on a global stage. The newly formed entity will be known as Dillon Gage Asia, a.k.a. Dillon Gage Asia Private Ltd.
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Today all eyes on the Dow 20,000 level as all four metals taking it on the chin. Continue reading →

At the time of this report, we see gold up ten dollars overnight stopping right at the next level of resistance at $1,219 in the February CME gold contract. Continue reading →

As we start another Presidential Inauguration Day, it seems like a good time to look back at how gold has reacted to past presidents, at least since the restrictions on owning gold were lifted at the beginning of 1975, under Pres. Nixon. Continue reading →

Just two days away from the inauguration and all the focus is on President Elect Trump’s plan to create jobs, grow the economy and cut corporate and individual taxes to stimulate the economy. Continue reading →

Geopolitical risks, a much weaker dollar and falling treasury yields giving gold and silver a boost this morning. Continue reading →

A quiet trading session expected here in the States as we observe a Federal Holiday celebrating the life of Martin Luther King, Jr. Continue reading →

What do we expect to see in the silver market in 2017? Continue reading →

Gold and Silver seemingly took sleeping pills overnight as they are locked in a trading range between current support and resistance levels. Continue reading →

Gold higher this morning even with a stronger dollar. Far East physical buying continues to be the reason for the continued rally in the price of gold. Continue reading →

First off…here’s today’s market highlights: Continue reading →

Weaker dollar and softer 10 year treasury yields gives the price of Gold a boost this morning. At the time of this report February gold was trading just shy of $ 1180 up over $ 14.00 dollars on the day. Continue reading →

The Market Gage conducted a Q & A with Walter Pehowich to gather his predictions for 2017 based on activity and events from 2016. Continue reading →

Good Far East buying in Gold overnight as one trader put it, “as I expect the honeymoon to be over with Trump and the Republican Party.” Continue reading →

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 →