Flash – Fed Announces Rate Increase

Fed Announces Rate Increase

As expected, the Fed announces rate increase. The Federal Reserve announced a quarter-percentage-point increase in interest rate increase at 2 pm today, citing a strong labor market and economy.

The Fed raised the benchmark borrowing rate to a range of 2 percent to 2.25 percent, the third hike this year.

Immediately after the announcement, Gold dropped 5 dollars but has recovered somewhat since then.

Also announced was that another rate hike in December is expected, and at least 3 more next year.

The question now is, at what point will the consumer start to feel the pain of higher interest rates?

The real story is, and was, that everyone got real comfortable over a number of years enjoying cheap money.

Now that wages are increasing, the stock market is making new highs and, according to the Atlanta Fed, we are growing at a rate of 4.2 percent, the Fed has no choice but to stay the course and be aggressive.

Some economists I speak with believe they are not being aggressive enough. True they had a low starting point, but when the equity markets continue to shrug off higher interest rates, some claim things are not just matching up.

Tariffs and higher interest rates should put the brakes on the equity markets, but investors seem not to care.

I don’t know what it will take to get the price of Gold in rally mode, but with a stock market seemingly making new highs every day and more rate hikes to come something has to give. Will it be the fallout from the midterm elections or just someone in Washington waking up and realizing that government spending is out of control? And let’s not forget our debt issue, that needs to be addressed immediately.

Believe it or not, someday this party will end and many traders and economists I speak to, say it will be sooner rather than later.

I’m all ears if someone can tell me when.

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.

Gold Getting A Bit Of A Boost

Gold Getting A Bit Of A Boost

Once again, gold getting a bit of a boost this morning from U.S-China trade relation tensions, plus a dipping dollar is giving precious metals a bump.

Meanwhile, the Commitment of Traders (COT) report released this past Friday shows traders added a small amount of new short Gold positions onto their books. Continue reading…

China Continues Driving Global Silver

China Continues Driving Global Silver

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…

Gold Feels Comfy just under $1,200?

Gold Feels Comfy just under $1,200

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…

Gold Hit By Jobs Growth

Gold Hit By Jobs Growth

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…

Dollar Down, Gold Up

Dollar Down, Gold Up

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 Alert

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

Labor Day Weekend Hours

Labor Day Weekend Hours

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!

Gold Marches Higher

Gold Marches Higher

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…

Price Of Gold Takes A Pause

Price of Gold takes a pause

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…

Gold Goes Digital

Gold Goes Digital
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…

Gold Under Dollar’s Pressure

Gold Under Dollar's Pressure

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…

Dollar’s back up – Gold soft

Dollar's back up - Gold soft

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…

Gold Ticks Up On Jobs Report

Gold Ticks Up on jobs Report

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 On The Fed Today

All Eyes On the Fed

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…

Gold Technical Overview

gold technical overview

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…

Trade War Impact Has Begun?

Trade War Impact has Begun

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…

U.S. China Trade War & Gold

Market Gage - U.S. China Trade War

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…

Fourth Of July Hours

July Fourth Holiday Hours

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.

Gold Demand Down

Gold and Silver Market Insights

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…

ICTA Helps Nab Counterfeiter

Fake ATF Badge from ICTA Task Force Counterfeit Sting
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…

Gold Bores Investors

The Market Gage - Gold is Elemental

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…