Gold Yields to Strong Dollar

Gold Yields to Strong Dollar

On Friday, news that the UK Transport Minister Jo Johnson had quit over the current Brexit deal, calling it “a terrible mistake,” had an immediate effect on the markets. Continue reading…


Refinery Continues Thriving

Refinery Continues Thriving
Sound operating plan and service-oriented platform outlasts competition

ADDISON, Texas (Nov. 20, 2018) – Dillon Gage Metals, one of the world’s largest precious metals wholesale firms, is celebrating the continued success of its refinery operation, now in its 22nd year in business. This comes amid recent news of competing refineries who either shuttered operations or have filed for bankruptcy protection. Continue reading…


2019 Silver Britannia

2019 Silver Britannia

The 2019 Silver Britannia is available from Dillon Gage through FizTrade.com. The 99.99% fine silver coin features the iconic image of the spirit of Britannia. For more details, click here.


Gold Range Bound Ahead of Elections

Gold Range bound Ahead of Elections

Our markets remain range bound ahead of tomorrow’s midterm elections.

Some of the Wall Street Gold traders I spoke with this morning indicated that ahead of tomorrow night’s election results they will be looking at short term Gold and Silver options. Continue reading…


Asian Markets Pressure Dollar

Asian Markets Pressure Dollar

Asian markets up big overnight after President Trump and China’s President Xi agreed to meet at the G20 summit later this month in Argentina to discuss trade. President Trump indicated he was pleased with the conversation he had with the Chinese President and that he is optimistic that a deal could be put in place. Continue reading…


Vault Inventory Alert

Vault Inventory Alert

The Dillon Gage vault will close at 10am on November 2nd for inventory.

Shipments and incoming merchandise will not be processed until the following business day.

The trading room and FizTrade will be open regular hours for trading.

As a part of our dedication to customer service, security and detail, we perform monthly inventories of all the product in our vault. This requires that we shut down the vault for a short period of time. We will notify clients of these closures via the Market Gage Newsletter and here on our website.

Thank you for your patience and understanding.


FLASH- Dollar Reverse Boosts Gold

Dollar Reverse Boosts Gold

What a difference a day makes. Yesterday, the U.S. Dollar was trading at a 16 month high. Today we see the U S Dollar Index reversing course and heading lower as other major world currencies recover from their lows yesterday.

Equites still in rally mode as we all await the results of the midterm elections next week.

Technical levels still in place and unless some unexpected news hits the wires we expect the price of spot gold to continue to be range bound from $1,215 to $1,235.

The price of Platinum seems to be recovering as news from Impala South Africa says it will cut its future production by 30 percent over the next two years. Slowing Diesel car sales continue to be a contributing factor.

Less supply can bring higher Platinum prices, but the news still seems to be negative for the Platinum market which is keeping Hedge Fund investment on the side lines at this time.

Have a wonderful Thursday.


Gold Drops on Dollar High

Gold Drops on Dollar High

The price of Gold today is under significant pressure as rebounding Equity markets and a stronger dollar is forcing some long holders to head for the exit. Continue reading…


Weak Yuan Boosts Dollar Lowering Gold

Weak Yuan Boosts Dollar Lowering Gold

At time of this report, the price Gold is the only metal in negative territory as it is under pressure as the U.S. Dollar gets a boost from the weakness in the China Yuan. China’s currency has fallen over 9 percent in the past 6 months and is trading near a decade low. Continue reading…


Sustaining Gold Rally Difficult

Sustaining Gold Rally Difficult

It’s becoming ever more difficult for the price of Gold to achieve a sustained rally, as we see the Yen, Euro and Sterling finding it difficult to stay afloat. This in turn supports a higher U.S. Dollar. Continue reading…


Gold Market Technical Analysis

Gold Market Technical Analysis

On Friday, interestingly enough, the Gold 100-day moving average settled exactly on the Dillon Gage asking price of $1,226.20. As we indicated in our last report, Wall Street traders were looking for a breakout in the price of Gold if it settled above that level. Continue reading…


2019 Silver Kangaroo Bullion

2019 Silver Kangaroo Bullion

The 2019 Silver Kangaroo bullion from the Perth Mint features the classic red kangaroo bounding with rays of light shining around it. For details,click here.


Gold’s Stellar Rally

Gold's Stellar Rally

A play-by-play analysis.

It took a while for the yields on the 10-Year Treasuries to go over 3 percent. Matter of fact, we got as high as 3.25 percent. That eventually took a toll on Equities. Continue reading…


Innovative Gold IRA Investment

Innovative Gold IRA Investment
Innovative Gold IRA Investment a Breakthrough for IRA Community
Investors can now track and accumulate pure physical gold

ADDISON, TX (Oct. 9, 2018) – Dillon Gage Metals, one of the world’s largest precious metals wholesale firms, is connecting the IRA investment community with a new and innovative alternative asset for their clients — DGGold™. DGGold, provides direct ownership of physical gold tracked by Blockchain technology.

Continue reading…


Far East Selling Lowers Gold

Far East Selling Lowers Gold

We start the week in negative territory as selling emerges overnight in the Far East. Bond markets are closed here for the holiday, but action in the Dollar Index has put pressure on the price of Gold and Silver. Continue reading…


2019 Silver Kookaburra

2019 Silver Kookaburra

The 2019 Silver Kookaburra from The Perth Mint is available in 1 ounce .9999 fine silver and 1 kilo .9999 fine silver.


2019 Gold Britannia

2019 Gold Britannia

The 2019 Gold Britannia is now available from Dillon Gage. The Royal Mint’s Britannia for the coming year is currently available in 1 ounce .9999 gold.


2019 Gold Falcon

2019 Gold Falcon

The 2019 Gold Falcon of the Plantagenets is part of the Queen’s Beast Series from The Royal Mint.


2019 Silver Unicorn

2019 Silver Unicorn 10 ounce

2019 Silver Unicorn 10 ounce Queen’s Beast bullion from The Royal Mint. The is also now available as a 1 ounce Platinum bullion.


Durable Goods Pressure Gold

Durable Goods Pressure Gold

Yesterday, a much stronger than expected US Durable Goods number (4.5 percent vs. expectations of a 2 percent number) rallied the dollar and put pressure on the price of Gold. Continue reading…


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!