FLASH GAGE – Gold Sells Off

Flash Gage - News Headlines that Impact precious metals as they happen.

Gold market reacts to comments made by Automation CEO Mike Jackson, the now newly elected Atlanta Fed President, that the Fed needs to normalize interest rates as the economy expands.

The price of Gold and silver immediately sold off after his comments.

Enjoy the rest of your day.


RCM Maple Leaf Coin…With a Twist

RCM Silver Maple Leaf with Double-sided Incused strike
Incuse Struck Design on Both Sides Offered by Dillon Gage

ADDISON, Texas (Jan. 17, 2018) – Dillon Gage Metals, one of the world’s largest precious metals wholesale firms, is pleased to announce the release of a unique and innovative bullion coin. Continue reading…


What’s An Olympic Gold Medal Worth?

Winter Olympic 2018 Medal Precious Metal Value
Precious Metals Wholesaler Dillon Gage Metals Reveals Composition and Value

ADDISON, Texas (Jan. 18, 2018) – Dillon Gage Metals, one of the world’s largest precious metals wholesale firms, is educating the public on everything they need to know about the Olympic medals slated to be awarded during the 2018 Winter Games in Pyeongchang, South Korea. Continue reading…


Blockchain Primer

Blockchain technology for precious metals

The euro traded at a three-year high right after the European Central Bank announced that it is cutting its Crisis Era stimulus program faster than expected. Continue reading…


Rebounding Dollar & Stocks Hit Gold

The Market Gage - Gold is Elemental

Walter Pehowich is off today. The commentary is from a senior Dillon Gage staffer.

It was a taxing day for the dollar and Dow

The U.S. dollar and world stock markets had a less than stellar day, yesterday, tanking as doubts about U.S. tax reform rose. Continue reading…


Short-Covering Gold Rally

Gold and Silver Market Insights

A short-covering rally in the price of Gold has created a temporary foundation for the yellow metal. Helping the price to stabilize at these levels is a weaker U.S. Dollar and lower Treasury yields.
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Gold Reacts To Tax Bill

Gold and Silver Market Insights

Let’s start off with the question of the day. “If you were a CEO of a major corporation and are looking at a tax cut from 35 percent to 20 percent, how would you spend your windfall?”

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Gold Fails To Break Thru $1300

The Market Gage - Gold is Elemental

In the last couple of days, as the price of Gold failed to break thru the $1,300 dollar level that everyone was looking for, we witnessed the CME Gold open interest decline by over 40,000 contacts. That’s an indication there is a good amount of longs giving up on their investments.

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Gold Flat / Palladium Soars

Gold and Silver Market Insights

The price of Gold is retreating from its most recent highs as Bond prices across the globe decline. It seems that no matter how many new longs come into the marketplace, the price of Gold just can’t break out into new territory.
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Gold Knocking at $1,300 Door

The Market Gage - Gold Silver Market Insights

The price of Gold knocking on the door of $1,300 as the spec longs continue to add on to their positions. Helping the price of Gold this morning is a weaker U.S. Dollar and lower bond yields across the globe.

D.C. Spotlight

Lawmakers are back from their thanksgiving recess to debate the proposed tax bill.

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Gold Longs Hanging On

Market Gage Gold Market Insights

This past Friday when we broke thru the $1,290 level, we witnessed 28,000 new longs come into the market. On Monday, with a $ 20 dollar sell off, only 9,000 contracts headed for the exits. I have a concern now that the market could be vulnerable with what I view as an overbought spec long position in the marketplace.

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Will Gold’s Friday Break Thru Hold?

The Market Gage - Gold is Elemental

Since we described the bond and treasury market in Friday’s Market Gage, I thought it would be appropriate to describe how the CBOE VIX (volatility index) works and why we follow this index so closely.

VIX is the ticker symbol for the Chicago Board Options Exchange (CBOE) Volatility index, which shows the market’s expectation of 30-day volatility. It is constructed using the implied volatilities of a wide range of S&P 500 index options.
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Gold Price Still Handcuffed

Gold and Silver Market Insights

The price of Gold still handcuffed in its twenty dollar trading range. It seems that all markets are waiting to see if the House and Senate can agree on a tax plan. The jury is still out on that outcome, and until it’s settled I don’t expect any significant movement in the price of gold.

The dollar and bond prices virtually unchanged this morning.

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American Eagle Sales as of 11/16/17

Gold and Silver American Eagle Sales

The following chart includes the year to date totals for 2017 from the U.S. Mint as of 5pm on November 16th. The chart also shows the change in sales from 11/9/2017 which we reported on November 10th.
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Gold Stuck In $20 Trading Range

Market Gage - Precious Metals Market Newsletter

Just before I was ready to send out this report, I received a call from an old friend who is a prominent Wall Street trader. He said “I believe that the equity markets have reached the sun and have already started their return to earth.

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Gold Moved Back To The Middle

The Market Gage - Gold is Elemental

The price of Gold back to the middle of the most recent trading range, recovering a little this morning from Friday’s sell off. Mid-morning this past Friday, we saw selling in the Bond market sending the Ten Year Treasury yields from 2.33 percent up to 2.4 percent.
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Gold In Limbo

The Market Gage - Gold Silver Market Insights

The price of Gold in limbo awaiting to see what happens with the two different tax plans being presented by the House and Senate. Gold still struggling to pass the next level of resistance at $1,290. Not helping much, is a slightly weaker U S Dollar and higher Treasury yields.

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American Eagle Sales as of 11/9/17

Gold and Silver American Eagle Sales

The following chart includes the year to date totals for 2017 from the U.S. Mint as of 5pm on November 9th. The chart also shows the change in sales from 11/2/2017 which we reported on November 3rd.
Continue reading…