Precious Metals Commentary, Analysis and Statistics

Had you ever felt compelled to invest in Gold and Silver mining stocks instead of physical gold?
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How do I expect gold to react in a deflationary environment or inflationary environment? Gold can be a hedge against either. Continue reading →

A story in today’s Wall Street Journal caught my attention. After reading in the past that individuals in the EU and other countries are not the only ones heavily invested in stocks in THIS country, Continue reading →

I’m sure by now my readers are tired of reading about the Fed and the wonderful job they are doing and listening to which way the price is gold is headed. Continue reading →

The Federal Reserve committee announced today that there will be no change in interest rates. Continue reading →

Fed rate decision day…or is it? Continue reading →

The price of gold keeping her head above the $1,310 level as we await hearing from the Federal Reserve and the Bank of Japan later this week. Continue reading →

I find it fascinating that with metal prices in a slow decline, the silver ETF inflows each day continue to set all-time highs. Continue reading →

We spend a lot of time and energy in the Market Gage blog discussing the economic factors that move the needle in the gold market, but what about our industrial metal cousins, platinum and palladium? Continue reading →

Markets rebound after speech by Fed Reserve Governor Lael Brainard calling for “prudence” in rate hikes. Continue reading →

Finally there is someone at the Fed that has some common sense…maybe? Continue reading →

IT NEVER ENDS

Boston Fed President Eric Rosengren a voting member said today that he backed gradual interest rate hikes. Continue reading →

Some life seen in the physical market, exhibited by domestic refiners reporting an increase in demand for product over the last two weeks. Continue reading →

The following chart includes the year to date totals from the U.S. Mint as of 5pm on September 7th. Continue reading →

Someone likes the Precious Metals Group as an investment. Continue reading →

Federal Reserve Bank of Richmond’s President, Jeffrey Lacker, said today there is a “strong case” for a rate hike in September. Continue reading →

Was the Brexit vote just the tip of the iceberg of things to come? Do you think German Chancellor Angela Merkel is having second thoughts on making a decision last year to allow 1.1 million refugees and migrants into Germany? Continue reading →

As the week comes to a close, precious metals remain quite sensitive to even the slightest movement among leading market indicators. Continue reading →

The price of gold has seemed to hit a fork in the road. Continue reading →

Precious Metals Veteran Brings Extensive Trading Knowledge

ADDISON, TX (Aug. 25, 2016) – Dillon Gage Metals, an international precious metals wholesaler, has announced that industry veteran Michael Kramer has joined the company, effective immediately. Kramer will have a primary focus on working with wholesale accounts, many of whom have already traded with him for decades.

Kramer spent his entire 37-year career in the precious metals industry with Manfra, Tordella and Brooks (MTB). What began on the ground floor of their retail department led to a successful multi-decade journey through their precious metals trading ranks, eventually becoming president of the organization.
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Gold under pressure this afternoon as the price of the dollar strengthens. Continue reading →

Friday’s comments by Federal Reserve Vice Chairman Stanley Fischer have strengthened the dollar and put pressure on the price of gold this morning.

He indicated that the U S economy has strengthen, with strong jobs data in the last three months. He had seemed to hedge his bet that rates will be on the table at the September meeting by saying, “the problem with this economy is there is so many numbers each day. You have to try and figure out what is the main thrust of what’s going on in the economy.”

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The price of gold extremely volatile as Yellen’s comments hit the wires. Continue reading →

All eyes on Jackson Hole, Wyoming this morning, as we await comments from the most powerful woman in the world, Chairwoman Janet Yellen.

CME Fed-watch Tool this morning reveals a 21 percent chance of a rate hike at the September meeting. Let’s see if the rate hike needle moves today after the Fed lady’s comment at 10 am Eastern Time.

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The price of gold virtually motionless as the market awaits some news from Federal Reserve chair Janet Yellen’s speech Friday at Jackson Hole. Continue reading →

The price of gold starts off the week at a two-week low. A stronger dollar and recent conversations with some Fed presidents have taken the “bull” out of the market for the short term. Continue reading →

So far this year, speculative demand in the ETF arena along with central bank purchasing of gold has driven gold up from the lows in December of $1,046 to where we are trading today in the $1,340 area. Continue reading →

Just flip a coin you might have a better chance predicting what will be the outcome at the next FED meeting. Continue reading →

Gold opens up the trading day awaiting the release of the latest FOMC minutes at 2pm Eastern time today. Continue reading →

The price of gold starts off the week on a quiet note. A lack of economic news around the globe causing light volume this morning in the CME gold and silver futures. Continue reading →

All-time highs in the Dow, S&P and Nasdaq yesterday. Highest settlement in crude yesterday since July 22nd. Continue reading →

The following chart includes the year to date totals from the U.S. Mint as of 5pm on August 11th. Continue reading →

Gold prices seen rallying this morning off a weaker dollar and off a report of weak economic data that was released yesterday. Continue reading →

While it seems that the financial media is rightfully focusing on the uplift in the gold market, let’s not leave silver back at the proverbial train station. Continue reading →

It’s Friday, and up until this morning’s jobs report (more on that later), the week just kept getting better and better in the precious metals market. Continue reading →

The price of gold slightly lower this morning after settling yesterday at a two-year high. Continue reading →

The price of gold opens up the trading week slightly lower on light trading volume overnight. Gold received a boost last week from a weaker dollar index. Continue reading →

Bank of Japan disappoints the market this morning after announcing it has eased its monetary policy by increasing its purchases of exchange traded funds, but left interest rates unchanged. Continue reading →

The following chart includes the year to date totals from the U.S. Mint as of 5pm on July 28th. Continue reading →

Metal markets are quiet this morning ahead of the Fed decision at 2pm EDT today. With little chance of a rate hike this afternoon, the market awaits to hear the comments from the Fed committee. With all the encouraging economic data of late, we expect the committee to express a hawkish tone which would increase the chance of a rate hike in September. I still believe that even with some encouraging economic data, the Fed will be hard pressed to raise rates anytime this year with the rest of the world’s economies struggling at best.

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Gold net long spec positions declined for the second week in a row as more nervous longs head for the exit. On the positive side of the ledger, in the last two weeks ETF’s inflow continue in gold, but at a slower pace. Nonetheless gold trades at a 4-week low this morning as some Wall Street Traders are calling the gold market to test the $1,300 dollar level ahead of the Fed meeting later this week.

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Depending on who you are, whether a trader or investor in this market, we all use different terms to describe this type of price movement in gold. Technical traders call it consolidation, fund managers call it sideway trading and financial advisors call it boring.

Whatever term you prefer to use, the bottom line is the market is just sitting here looking for a direction. So the question remains, what bit of news would propel the market in one direction or the other?

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The following chart includes the year to date totals from the U.S. Mint as of 5pm on July 21st. Continue reading →

Dillon Gage Metals Talks Size, Composition and Value

ADDISON, TEXAS (July 21, 2016) – Dillon Gage Metals, an international precious metals wholesaler, is ready to educate the public on everything they need to know about the Olympic medals slated to be awarded at the 2016 Summer Games in Rio. And some of the facts may surprise you.

For openers, there’s the composition breakdown on the precious metals in each medal. The gold medals awarded to the best of the best are pretty much gold in name only. In reality, 92.5 percent of their composition is actually silver. Only one percent is actual gold (plated) with the remainder made of bronze. Silver medals are 96 percent silver and the bronze medals are approximately 97 percent copper.

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The price of gold under pressure this morning due to a stronger dollar. The dollar index hitting 97.32 this morning, the highest level since March. A continued rally in the equity markets also pressuring the price of gold. Continue reading →

Silver under pressure this morning breaking thru key support levels. The silver decline seen as just catching up to gold, as gold late last week also penetrated thru a key level at $1,332.

Friday’s strong job number and a calming of Brexit worries have taken the air out of the Gold rally for the time being.

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U.S. retail sales reported a strong number in June up 0.6 percent after a weaker number in May, just 0.2 percent. Dollar index seen in positive territory after the report putting pressure on the price of Gold this morning. The technical level everyone was watching at $1,332 was violated yesterday as the Gold market traded down to the $1,320 level.

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The following chart includes the year to date totals from the U.S. Mint as of 5pm on July 14th. Continue reading →

Gold under pressure yesterday as money from overseas investors poured into the equity markets. Continue reading →

The strong job report on Friday didn’t change the continued bullish sentiment of the ETF gold investor. Continue reading →

A huge rebound in the June Job numbers over the dismal report in May immediately crushes the price of Gold and Silver. Continue reading →

Open interest Gold futures reported at an all-time high today at 662,840 contracts. Continue reading →

The rally continues driven by a number of factors. First and foremost is the daily increase in the ETF funds. Continue reading →

What a week it has been for precious metals. Brexit, Brexit fallout, the possibility of a Brexit reversal, suppressed crude oil prices, and not a Fed interest rate hike in sight. Continue reading →

With the Brexit Vote still reverberating through the global financial markets several days after the historic referendum, precious metals remain a strong safe haven. Today comes word that the UK’s decision might be reversible and it’s likely going to prolong the market fallout which has ensued.

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It’s official. In a stunning referendum vote, the U.K. decided to leave the European Union. It’s not what the pundits or poll watchers were expecting as the world woke up to the news on Friday. The effect on the global financial markets was both immediate and impactful. Continue reading →

Gold’s standing as a safe haven investment was strengthened overnight as the fallout from the Brexit vote swept the financial landscape. Continue reading →

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

We’re six months into 2016 and it’s been quite a ride so far. Beginning in early February, gold prices took off and produced the biggest quarterly rally in the last three decades. Continue reading →