Gold Traders Hold Long Positions

Gold and Silver Market Insights

As I said in previous reports, it seems that the traders holding long positions in gold and silver (as shown in last week’s commitment of traders reports) show, that they are content with their long positions.

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IDS Opens First Texas Bullion Depository

IDS of Texas - Lone Star First Dedicated Bullion Storage
IDS of Texas Accepting Clients as of Nov. 1

DALLAS, TX (Nov. 7, 2017) – International Depository Services Group (IDS), a privately-owned subsidiary of Dillon Gage Metals, opens Texas’ first precious metals depository, International Depository Services of Texas. Beginning Nov. 1, depository clients who wish to store precious metals bars, rounds and coins in the state of Texas can contact IDS Group and open an account. IDS of Texas, located in Dallas, is the third location for the International Depository Services Group, which also includes IDS of Delaware and IDS of Canada.
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Saudi Purge Boosts Oil & Gold

Market Gage - Precious Metals Newsletter Impacted by Europeon Markets

Walter Pehowich is off today. The Insights are compiled by Dillon Gage analysts.

As we start the week, attention is diverted off of America’s shores.

Over the weekend, oil hit a 2-year high as Saudi Arabia arrested four ministers and 11 princes in an anti-corruption scandal. Oil’s rise in turn boosted precious metals, a bit. Continue reading…


Gold Stuck In The Mud

The Market Gage - Gold is Elemental

The October jobs creation number comes in at 261,000 and the unemployment rate is now at a seventeen year low of 4.1 percent.

The price of Gold seems to be stuck in the mud, trading for the most part between $1,270 and $1,280 dollars.
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American Eagle Sales as of 11/2/2017

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 2nd. The chart also shows the change in sales from 10/26/2017 which we reported on October 27th.
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Gold Still Positive Despite Dollar

The Market Gage - Dillon Gage's Precious Metals Newsletter

The price of Gold and Silver is in positive territory despite a stronger U.S. Dollar and higher Treasury yields.

The Gold ETF investors seem content with holding on to their long positions, as little if any movement out of those funds has been seen in the last two weeks.
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FLASH GAGE – Bitcoin Hits Record High

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

Interesting trick (and for some a treat) announced today.

We’ve been discussing the cryptocurrency phenomenon in The Market Gage a lot here lately, and here’s a little something that will show you why. This morning, CME Group, the world’s leading derivatives marketplace, announced it will launch bitcoin futures in the fourth quarter of 2017, pending all relevant regulatory review periods.
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Gold Up At Start of Busy Week

The Market Gage - Dillon Gage's Precious Metals Newsletter

A busy week ahead, with a slew of corporate earnings, job reports and the newly released charges against the President’s former campaign manager Paul Manafort.

Now to this morning’s markets news.

The price of Gold up a little and off the lows experienced last week. A slightly weaker U.S. Dollar and softer Treasury yields helping keep the price of Gold afloat, at least for the time being.

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Strong Dollar & GDP Pressure Gold

The Market Gage - Dillon Gage's Precious Metals Newsletter

The price of Gold under continued pressure this morning as the U,S, Dollar continues to climb. Currently the U.S. Dollar is trading over the 95 handle, highest level in over three months.

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American Eagle Sales as of 10/26/17

U. S. Mint's Gold and Silver American Eagle Year to Date Sales

The following chart includes the year to date totals for 2017 from the U.S. Mint as of 5pm on October 26th. The chart also shows the change in sales from 10/19/2017 which we reported on October 20th.
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Treasury Yields Depressing Gold

The Market Gage - Dillon Gage's Precious Metals Newsletter

Hard to make a case for higher Gold prices when the Ten-Year Treasury Yield is sitting at a seven-month high of 2.46 percent. Nonetheless, no one has pulled the rug out from under the Gold price. Still behind the curtain is North Korea and that situation has little chance of going away any time soon.

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Japanese Selling Hits Precious Metals

The Market Gage - Dillon Gage's Precious Metals Newsletter

Metal prices under pressure this morning as strong selling of all four metals is seen overnight in Japan.

Japanese stocks rallied 239 points after Prime Minister Shinzo Abe’s snap election victory. The Nikkei, Japan’s stock market, is now up for fifteen straight days. Japan investors, like here in the States, are finding the equity markets very attractive.
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Gold Slips On Senate Budget Vote

The Market Gage - Dillon Gage's Precious Metals Newsletter

Walter Pehowich is on vacation this week. Market Insights are prepared by senior Dillon Gage analyst.

The bulls continue to run wild, smashing records on Wall Street, as the Dow Jones Industrial Average hit another all-time high Thursday, topping out at 23,163.04. Continue reading…


American Eagle Sales as of 10/19/17

U.S. Mint Year to Date Sales of Silver and Gold American Eagles

The following chart includes the year to date totals for 2017 from the U.S. Mint as of 5pm on October 19th. The chart also shows the change in sales from 10/12/2017 which we reported on October 13th.
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Gold Preps For Near Term Rebound

The Market Gage - Dillon Gage's Precious Metals Newsletter

Walter Pehowich is on vacation this week. Market Insights are prepared by senior Dillon Gage analyst.

After starting the week strong, several factors combined to pressure gold prices.

The shine was taken off the yellow metal on Monday when Bloomberg reported that Stanford University economist John Taylor could have the inside track on Federal Reserve chairmanship as he had “made a favorable impression on President Donald Trump” last week. Continue reading…


Gold Looking To Protect Gains

The Market Gage - Dillon Gage's Precious Metals Newsletter

Walter Pehowich is on vacation this week. Market Insights are prepared by senior Dillon Gage analyst.

Last week saw gold prices ping a three-week high on Friday, pushing right back past the $1,300/oz. threshold once again this year on softer than anticipated Consumer Price Index Numbers. December futures contracts held just higher at $1,303/oz.

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Could Gold Head Over $1300?

The Market Gage - Dillon Gage's Precious Metals Newsletter

The price of Gold hitting some resistance around the $1,300 dollar level. We believe that will this continue for a short period of time before heading higher once again.

A weaker dollar and softer treasury yields helping fuel the rally in Gold.
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American Eagle Sales as of 10/12/17

U.S. Mint Year to Date Sales of Silver and Gold American Eagles

The following chart includes the year to date totals for 2017 from the U.S. Mint as of 5pm on October 12th. The chart also shows the change in sales from 10/5/2017 which we reported on October 6th.
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Flash Gage: Gold Reax Fed Minutes Summary

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

Fed minutes released just released. Here are the highlights:

  • Fed is worried about low inflation.
  • Fed participants divided on whether to raise rates in December .
  • Some Fed governors say raising of rates should be deferred until raising inflation figures can be confirmed.
  • The Fed is still committed to reducing the balance sheet.

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Gold Pausing Awaiting Fed Minutes

The Market Gage - Dillon Gage's Precious Metals Newsletter

A tight trading range seen overnight in the price of Gold as the market awaits the minutes from the last Fed meeting to be released today at 2pm EST.

The Dollar Index is lower this morning approaching the 93 level once again helping Gold stay on the high side of its most recent trading range.
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Chinese Buying Lifts Gold

The Market Gage - Dillon Gage's Precious Metals Newsletter

The Chinese back from their holiday last week were seen buying gold overnight, that along with a weaker dollar has given the yellow metal a boost.

Controversies and rhetoric out of Washington continue to give everyone a migraine.
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American Eagle Sales as of 10/5/17

U.S. Mint Year to Date Sales of Silver and Gold American Eagles

The following chart includes the year to date totals for 2017 from the U.S. Mint as of 5pm on October 5th. The chart also shows the change in sales from 9/28/2017 which we reported on September 29nd.
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Gold Hanging On Vs Record Stocks

The Market Gage - Dillon Gage's Precious Metals Newsletter

The price of Gold is holding up remarkably well as the Dow, S&P and Nasdaq are setting new records every day.

Gold is seen benefiting from a weaker U.S. Dollar and softer Treasury yields this morning.
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Dollar Heads Higher – Pressures Gold

The Market Gage - Dillon Gage's Precious Metals Newsletter

The price of gold still under pressure this morning as the Dollar continues to head higher. All bad news for the longs as the Equity Market, the S&P 500 and the Nasdaq are ready to set another historic record level today.
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Lower Dollar Boosts Gold

The Market Gage - Dillon Gage's Precious Metals Newsletter

The price of gold up this morning as the U.S. Dollar and Treasury yields are seen lower this morning.

Even though the Gold EFF is a not as big as the futures market the inflow continues ten out of the last eleven days. There seems to be investors out there that are dead set on adding Gold to their portfolios.

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American Eagle Sales as of 9/28/17

U.S. Mint Year to Date Sales of Silver and Gold American Eagles

The following chart includes the year to date totals for 2017 from the U.S. Mint as of 5pm on September 28th. The chart also shows the change in sales from 9/21/2017 which we reported on September 22nd.
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Treasury Yields Hit Gold

The Market Gage - Dillon Gage's Precious Metals Newsletter

The price of Gold is really taking it on the chin this morning as the yield on the Ten-Year Treasuries breaks thru the 2.30 level. Just a few weeks ago, the yield on the Ten-Year was approaching the 2 percent level. No wonder Gold has been declining with this kind of rally in Treasury yields. Combined with a much stronger dollar, it creates perfect recipe for a much lower Gold price.
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FLASH GAGE – North Korea Claims U.S. Declared War

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

CNBC is reporting North Korea’s foreign minister on Monday accused the President of declaring war, saying that gives the rogue regime the right to take countermeasures. That includes the right to shoot down strategic U.S. bombers, even when they are not flying in North Korean airspace.
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Gold Kept Afloat By ETF Inflows

The Market Gage - Dillon Gage's Precious Metals Newsletter

Gold ETF inflows continue to dominate the Gold arena as over 100,000 ounces were added to the funds. That’s five out of the last six days that have seen an increase in holdings.
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Gold Slows But Gold ETFs Still Growing

Let’s chat about where I stand

There is nothing I enjoy more than a healthy debate on the future of the markets. Recently I’ve been told by some, that an investment in precious metals is a bad decision. But let’s look at the numbers. Up until Wednesday of this week, the price of Gold outperformed the Dow in 2017, 14 percent to 13 percent. I consider that a home run for the long term Gold investor.
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American Eagle Sales as of 9/21/17

U.S. Mint Year to Date Sales of Silver and Gold American Eagles

The following chart includes the year to date totals for 2017 from the U.S. Mint as of 5pm on September 21st. The chart also shows the change in sales from 9/14/2017 which we reported on September 15th.

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After Fed Meeting – Gold Stumbles

Gold dropped to its lowest level in over three weeks after the Fed meeting yesterday.

The Fed put their anticipated policy changes on a bulletin board for all to see and the Bond market overreacted to what the Fed is saying.
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N. Korean Missile Sparks Brief Gold Spike

The Market Gage - Dillon Gage's Precious Metals Newsletter

Yesterday, North Korea launched its second missile in less than a month and created panic buying in Gold from the Far East. Air raid sirens could be heard all over Japan as a North Korean ballistic missile flew over head and landed in the Pacific ocean.
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American Eagle Sales as of 9/14/2017

U.S. Mint Year to Date Sales of Silver and Gold American Eagles

The following chart includes the year to date totals for 2017 from the U.S. Mint as of 5pm on September 14th. The chart also shows the change in sales from 9/7/2017 which we reported on September 8th.

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Equities Rally – Gold Dips

The Market Gage - Dillon Gage's Precious Metals Newsletter

Walter Pehowich will be back with Friday’s commentary, today’s comments come from a senior Dillon Gage Staffer.

After gold reached a one-year high last Friday, profit-taking opportunities have followed, leading the yellow metal into downward technical correction territory late Tuesday. As of this morning, gold prices dropped about $10 more and are hovering at $1,321. Meanwhile, the Dow Jones Industrial Average jumped up over 60 points, leading a rally in the equities market.
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Treasury Yields Recover Impact Gold

The Market Gage - Dillon Gage's Precious Metals Newsletter

The price of gold taking it on the chin this morning after we see a strong recovery in Treasury Yields and in the Dollar index, after experiencing a multi-year low at 91.01 on Friday.

At the time of this report Equities are up over 100 points attracting money back from safe haven investments last week.
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One-Year High Hit By Gold

The Market Gage - Dillon Gage's Precious Metals Newsletter

Gold hits a one-year high after U.S. Ten-year Treasury yields approach the 2 percent level. The dollar also heading in the same direction trading as low as 91.01 overnight.

After hitting these lows, both products have recovered a bit, bringing the price of Gold off the highs of $1,362.40 in the December CME futures contract.
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American Eagle Sales as of 9/7/17

U.S. Mint Year to Date Sales of Silver and Gold American Eagles

The following chart includes the year to date totals for 2017 from the U.S. Mint as of 5pm on September 7th. The chart also shows the change in sales from 8/31/2017 which we reported on September 1st.

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Gold Rises As Dollar Falls

The U.S. Dollar at a 32 month low this morning boosting the price of Gold.

Weakening dollar causing the price of Gold to break thru a solid of support at the $ 1348 level in December. The question remains looking at how far the dollar has declined can we get a sustained rally in the price of Gold?
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Gold Virtually Unchanged On Static Dollar

The Market Gage - Dillon Gage's Precious Metals Newsletter

No surprise that the price of gold is virtually unchanged this morning after seeing the dollar and Treasuries unchanged.

Overnight the Ten Yield Treasury yield got down to 2.054 percent and the price of Gold didn’t budge. Not a good sign for the longs, as at that level the price of gold should be trading much higher according to a prominent Wall Street Gold Trader.

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Lower Than Expected Jobs Number Boosts Gold

The Market Gage - Dillon Gage's Precious Metals Newsletter

A less than expected August jobs report released this morning rallied spot gold nine dollars. Revisions to the June and July unemployment numbers (now down 40,000 jobs) also had an effect.

Yesterday, ADP released their Private Sector jobs report for August and the private payrolls increased by 237,000. Good news for the Equity market as they were only expecting an increase of 185,000.
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American Eagles Sales as of 8/31/17

U.S. Mint Year to Date Sales of Silver and Gold American Eagles

The following chart includes the year to date totals for 2017 from the U.S. Mint as of 5pm on August 31st. The chart also shows the change in sales from 8/24/2017 which we reported on August 25th.

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Dillon Gage Metals Enters Agreement With China Great Wall

Great Wall 2017 Pandas
Wholesaler Now Authorized to Distribute Bullion Coins

SINGAPORE, (Aug. 29, 2017) – Dillon Gage Asia, a subsidiary of Dillon Gage Metals, one of the world’s largest precious metals wholesale firms, has entered into an agreement with China Great Wall Coins Investment Ltd. to distribute bullion coins from the official sovereign mint of China. China Great Wall is a subsidiary of the People’s Bank of China, based in Hong Kong.
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