The Market Gage - Dillon Gage's Precious Metals Newsletter

Quiet Heading into 2016’s Last Trading Day

An extremely quiet overnight session in the Far East and Europe as the price of both gold and silver seen virtually unchanged. Very few Gold traders around today and the ones that were are reporting that by noon they will close their books for 2016. Continue reading →

Dillon Gage Metals 2016 Holiday Coin Picks

Gold and Silver Collectibles Make Meaningful Holiday Gifts

ADDISON, Texas (Dec. 13, 2015)—With Christmas just around the corner, Dillon Gage Metals is ready to make this year’s holiday-themed picks for gold and silver coins. Many sovereign mints including the U.S. Mint, Royal Canadian Mint and Perth Mint offer specifically themed holiday options and these selections can make cherished Christmas presents or even stocking stuffers.
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The Market Gage - Dillon Gage's Precious Metals Newsletter

Gold Hangs On Even With ETF Redemptions

Where did everyone go?

I find it very interesting that the gold market has hung on even with strong with the significant Gold ETF redemptions over the last 12 business days and most important, even given the dramatic decline in the Gold futures open interest. Continue reading →

The Market Gage - Dillon Gage's Precious Metals Newsletter

U.S. Dollar’s Rise Whacks Gold

The movement in the value of the U.S. Dollar this morning is orchestrating the movement in the price of gold. As the dollar index reached new highs overnight at 101.37, strong selling emerged violating both support levels bringing gold down to the $1,201.30 level in the December contract. Continue reading →

The Market Gage - Dillon Gage's Precious Metals Newsletter

Gold Rebounds Despite Stronger Dollar

The price of gold rebounds from its technical support level of $1,212 that it hit on Monday. (Actual low in the December contract was $1,211.) Kudos to my tech friends who virtually nailed the support level in gold.

Both the stronger dollar index and the across the board sell off in the precious metal ETFs seems to have no effect on the price of gold this morning.
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Flash Gage - News Headlines that Impact precious metals as they happen.

Brexit Must Now Gain Parliament Approval

The Brexit vote to leave the EU was upended this morning after the High Court in London delivered a blow to Prime Minster Theresa May by ruling that she must seek Parliamentary approval before starting the process to leave the European Union. Continue reading →