The price of Gold unchanged this morning as a weaker dollar and higher Ten-Year Treasury yields keeps the price of Gold boxed in. Continue reading →

All Eyes On Washington D.C.

A government shutdown could boost the price of Gold. Continue reading →

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.

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 →

The U.S. Dollar is in recovery mode, trading at 90.70 up from its most recent lows overnight at 90.11. Continue reading →

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 →

The U.S. Dollar continues its slide, giving the price of Gold a boost this morning. Continue reading →

The U S Dollar just broke thru the next key level of support at 91.01 and now setting a new three-year low. Continue reading →

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 →

The price of Gold was little changed in the Asian overnight session as much higher Ten-Year Bond Yields were seen across the globe. Continue reading →

San Francisco Fed President John Williams said the Federal Reserve should raise rates three times this year as the already strong economy will get a boost from tax cuts. Continue reading →

Right after the 8:30 jobs number was released, Gold was bid up as the dollar sold off and treasury yields headed south. Continue reading →

Some reasons why owning physical Gold is a prudent choice for a balanced portfolio. Continue reading →

The price of Gold is surprisingly in positive territory this morning as the recently declining U.S. Dollar changes direction. Continue reading →

The price of Gold taking advantage of a weaker dollar this morning as the dollar index trades at a year over year low by as much as 14 percent. Continue reading →

A weaker dollar seems to be the main driver for higher gold prices. Continue reading →

The market’s in holiday mode with many traders enjoying their time off. Continue reading →

The Dillon Gage Family wishes you and your family the happiest of holidays! Continue reading →

If there is anyone out there who predicts the future price of gold for 2018, don’t listen to them. Continue reading →

Coming Up: Gold and the Bitcoin craze, but first our Markets:

As expected the price of Gold continues to be range bound between $ 1250 and $ 1270 as we approach the holiday week. Continue reading →

With the recent Fed rate hike out of the way and the nervous longs conceding defeat, the market has now started to build a foundation. Continue reading →

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 →

Gold rallies eight dollars the Federal Reserve’s announcement of a 25 basis rate hike. Continue reading →

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.
Continue reading →

The price of gold rebounding off last week’s lows as a weaker U.S. Dollar and lower Treasury Yields across the globe are supporting the price. Continue reading →

If you haven’t been watching the price of Palladium, it is now trading at more than $100 dollars over Platinum. Continue reading →

Both Gold and Silver tested their support levels yesterday and held. Continue reading →

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?”

Continue reading →

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.

Continue reading →

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.
Continue reading →

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.

Continue reading →

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.

Continue reading →

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.
Continue reading →

The Dillon Gage Family wishes you and yours a very Happy Thanksgiving!

Continue reading →

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.

Continue reading →

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.
Continue reading →

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.

Continue reading →

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.
Continue reading →

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.

Continue reading →

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 →

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.

Continue reading →

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. Continue reading →

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 →

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.
Continue reading →

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.
Continue reading →

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.
Continue reading →

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.
Continue reading →

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.

Continue reading →

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.

Continue reading →

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.
Continue reading →

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.

Continue reading →

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.
Continue reading →

Dillon Gage representatives were excited to be a part of the U.S. Mint’s 2017 Forum, “Numismatics – The Road Ahead,” held at the Mint’s D.C. headquarters last week. Continue reading →

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 →

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.
Continue reading →

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 →

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.

Continue reading →

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.
Continue reading →

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.
Continue reading →

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.

Continue reading →