Sitting in while Roy Friedman is out, is Peter Aan, a Dillon Gage Metals Trader. Here are his Market insights:
Gold continues its downtrend, working into new lows for this move overnight, but some buying came into the market this morning. Support continues to be at the January low of 1168.3 (basis the April contract). Continue reading →
Sitting in while Roy Friedman is out for two weeks, is Peter Aan, a Dillon Gage Metals Trader. Here are his Market insights:
Gold and the other metals got a shot in the arm from the release of the Fed meeting notes on Wednesday afternoon, but began to fall back early Thursday morning. Early action today shows some buying coming back into the market. Support continues to be at the January low of 1168.3 (basis the April contract).
Refining precious metals safely and accurately is not for the novice. Refining is a multi-step process that begins with the use of heat around 1,948 degrees Fahrenheit for gold and even higher for metals such as platinum. Continue reading →
Sitting in while Roy Friedman is out for two weeks, is Peter Aan, a Dillon Gage Metals Trader. Here are his Market insights:
Gold tumbled Tuesday as fears over the situation in Greece eased, negating the attempted rally from last week. Continue reading →
Sitting in while Roy Friedman is out for two weeks, is Peter Aan, a Dillon Gage Metals Trader. Here are his Market insights:
Gold closed higher on Friday, but well off its daily high. Buying pressure was renewed in the overnight session and early trading today, but we remain within last Wednesday’s range. The market is still oversold, and the short-term trend remains down. A close above Wednesday’s high of 1238.7 (basis the April contract) would be the first sign that the trend may change. If prices falter and recent lows are taken out, we should continue to keep the Jan 2 low of 1168.3 in our sights.
Sitting in while Roy Friedman is out for two weeks, is Peter Aan, a Dillon Gage Metals Trader. Here are his Market insights:
Gold traded without much sense of direction on Thursday, with the entire range within Wednesday’s range. The fall from January’s high has brought the market to an oversold condition on the Bollinger Bands, and Thursday’s reluctance to work lower may reflect that oversold condition. Also, the fall of recent weeks is an approximate 50% correction of the uptrend from the November low. If the market wants to trend lower, the first notable support area is the Jan 2 low of 1168.30 (basis the April contract). On the bullish side, a penetration, especially on a closing basis, of this week’s high of 1245.90 would be the first solid indication that a new leg to the upside might be underway.
DALLAS, TX (Feb. 10, 2015) – Dillon Gage Metals is proud to announce that it is the exclusive wholesale distributor of the Precious Metals Composite Ounce (PMC Ounce™), an innovative physical precious metals investment product. Continue reading →
Precious metal prices have tried higher since trading resumed yesterday as escalating tension in the Ukraine and speed bumps being hit over Greece’s debt negotiations with the ECB and IMF have brought buyers to the gold and silver market. China released terrible economic data yesterday as their exports fell by 3.30 percent while imports plummeted by 19.90 percent as the economic health of the world’s second largest economy continues to show weakness and will weigh on the global economy. Gold and silver, while off the overnight highs, continue to trade in positive territory this morning and silver is above $17.00 which is a welcome sign while platinum and palladium were not able to hold the rally and are trading below Friday’s settlement levels
The unrest mentioned above has U.S. equities trading lower this morning, while bonds continue to sell-off as the yield on the 10 year bond has risen 25 basis points and is back over 1.90 percent. Crude oil continues its recent recovery on a bullish report from OPEC as it has broken above $52.00. All things considered it is a bit unsettling that gold is only up $4.00 this morning. Silver is likely to be the leader this week from a technical perspective. The 50 and 100 day moving averages come in on either side of $16.75 where support should be strong while a break above the 10 day average at $17.30 could bring another test of $17.75.
ADDISON, TEXAS (Jan. 13, 2015)—With the new year upon us, many investors and industry experts are offering their predictions for the 2015 precious metals forecast. Dillon Gage Metals, a leading international precious metals wholesaler, offers their take on several key issues ranging from general economic overviews and pricing to interest rates and geopolitical events.
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Addison, TEXAS (Jan. 29, 2015)Spots in a Box can be used in a variety of business settings and customized for particular audiences. Continue reading →
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You should know that these “deal opportunities” — measured in metric tons and coming from unknown circles — are commonplace in active markets like the one we are now experiencing. Continue reading →
DALLAS, Jan. 12, 2012—Dillon Gage Metals, a division of Dillon Gage Incorporated of Dallas, has named Roy Friedman, a well-respected trader and commentator in the field of precious metals and global financial markets, as Executive Vice President of Business Development for the firm. Continue reading →
