Federal Reserve meeting wraps up today with no change in interest rates expected. Investors will be anxious to hear what the Fed President has to say at the press conference after the 2 pm ET announcement of their rate decision. The main topic the reporters will be asking about is the Fed’s plan to reduce the balance sheet. Will they proceed or will it be put on hold? Continue reading →
What moves the price of Gold these days? Simply put, it’s news and technical levels. Continue reading →
At these levels, the price of Gold is seemingly building a foundation and I expect that in short order the price of Gold will start to move higher and test the $1,303 level of resistance once again. Continue reading →
At the moment, at these levels, the price of Gold is under pressure from higher equity prices and higher treasury yields. I expect this to be just temporary and a recovery should occur with gold once again trying to break through the next level of resistance in spot at $1,303. Continue reading →
Markets here in the states are closed today in honor of Dr. Martin Luther King, Jr.
Despite weak Chinese Gross Domestic Product (GDP) figures, Asian Equity markets are all higher overnight putting some pressure on precious metal prices this morning. Continue reading →
Yesterday, the price of Palladium reached another all-time high at $ 1,436.50 per ounce.
Continue reading →
The price of Gold seemingly stuck in the mud despite all the negative news heard around the globe.
Continue reading →
The Palladium Market is starting to see supply emerge in Zurich. In turn. the Palladium EFP is now quoted minus 45 minus 35. Continue reading →
The price of Gold is getting a boost from a weaker U.S. Dollar index and higher bond prices as investors bring new cash into safe haven investments. Continue reading →
The price of Palladium continues to climb on supply concerns. Overnight, the spot price of Palladium broke thru the $1,342 level of resistance as more and more Hedge Fund managers joined the club. Continue reading →
The price of Palladium just broke thru the $1,300 dollar spot level after experiencing a $40 Sweep higher on Friday on only 300 future lots traded. Continue reading →
In any healthy market rally, pull backs are expected before the rally continues and the price of Gold is no different. Continue reading →
China’s Purchasing Manager Index (PMI) was released overnight showing that in the month of December, factory activity contracted for the first time in 19 months. The number of 49.7 indicates a slowing Chinese economy and a weaker number than expected. Continue reading →
Tightening supplies still the main driver of the increase in the Palladium price. Today’s EFP is quoted at minus 75 minus 65, steadying a bit, but still showing the strong continuing need for spot Palladium. Continue reading →
The following is the Holiday Schedule for Dillon Gage Trading, Dillon Gage Refinery and FizTrade:
We are grateful for your friendship and your business.
Wishing a happy and safe Holiday Season to you and your family!
Strong overnight buying in Gold is reported out of the Far East, as the price of Gold breaks thru key resistance levels. Continue reading →
The rally in the Gold Market is taking a pause this morning as a stronger dollar emerges. Continue reading →
Here are the headlines coming out of the Fed Meeting that ended today:
The Fed’s two-day meeting ends today with almost a certainty that they will once again raise rates. Continue reading →
Walter Pehowich is off today.
The Gold/Dollar seesaw ride continues. This morning, the U.S. Dollar index has softened and boosted gold. Continue reading →
The Euro, Sterling and Yen all lower this morning giving a boost to the U.S. Dollar, which in turn, puts pressure on the price of Gold. Continue reading →
The same old story emerges day after day. Dollar higher, the price of Gold lower and vice versa. Continue reading →
Dillon Gage is proud to announce our latest expansion. In order to serve you even better, we have opened a new distribution center in Dallas, Texas. This center is the primary facility for all our storage and fulfillment. That means this is the new location for all customer pick ups and any shipments to Dillon Gage for trading.
PLEASE NOTE: Payment remittance and refinery addresses remain the same.
New Distribution Center Address
11925 N Stemmons Fwy
Suite 180
Dallas, TX 75234
800-375-4653
Please note, the entrance to the parking lot is from the I-635 LBJ FWY service road and the building’s entrance is on this south side.
The British Pound fell sharply this morning vs. the U.S. Dollar and the Euro, because at this juncture it looks like the Brexit vote will probably be delayed. Continue reading →
Recovering Treasury Yields and a slightly softer Dollar are giving the price of Gold a boost this morning. Continue reading →
The whole world seems to heading to the Bond Market. As the Equity Markets across the Globe decline today almost every country’s Bond market is seeing yields drop and Bond prices rise. Continue reading →
The spot price of Palladium has blown past the spot price of Gold reaching an all-time high in spot at $1,255. Supply concerns still dominate the marketplace attracting more Hedge Fund interest in this small but active market. Continue reading →
Warning signs in the Bond Market today. For the first time in a decade, part of the U.S. Treasury Yield has inverted. The Ten-Year Treasury now with a two handle. Continue reading →
Well, it turned out exactly as we anticipated. A 90-day pause, before implementing the 25 percent tariff rate hike. The President just couldn’t walk away from that dinner meeting without accomplishing something. Continue reading →
This morning ahead of the G20 meeting we see the price of Gold smack dab in the middle of our trading range from $1,212 to $1,232. Continue reading →
Fed Chairman’s comments rallies the price of Gold and Equities.
The buzz word seems to be we are “ JUST BELOW “ just neutral status regarding rate increases. In other words, his comments are being viewed as “ dovish “. The term ‘Neutral “ seems to be between 2.50 and 3.50 percent. So with a December rate hike and one or two more in 2019 that should be enough to put the Fed where they want to be. Continue reading →
All algorithm platforms locked and loaded as the Street awaits to hear from the Fed Chairman at the Economic Club luncheon at noon today in New York City. Continue reading →
We start the week seeing all four metals in positive territory. Keeping them all afloat is a weaker U.S. dollar. Continue reading →
For the past few weeks, we have been seeing a declining Equity Market, so much so, that most of the experts are calling it now a true bear market.
So as investors sell off their stocks, where is all that money now headed? A good portion of those dollars are headed to the Bond Markets. Continue reading →
The Dillon Gage Family wishes you and yours a very Happy Thanksgiving!
Dillon Gage will have the following reduced hours over the holiday weekend.
| Thu. Nov. 22nd: |
Trading room & Refinery closed |
| FizTrade closed from Noon to 5 pm CST | |
| Fri. Nov. 23rd: |
FizTrade closes at 12:45 pm CST |
| Trading room & Refinery closed | |
| Sun. Nov. 25th: |
FizTrade opens at 5 pm CST |
| Mon. Nov. 26th: |
Trading room opens at 7:30 am CST |
Recently I was asked by a colleague if I thought the price of Palladium would surpass the price of Gold. At that point it occurred to me that the way the price of Palladium has been reacting, that sure was a possibility. Continue reading →
It took three days for the price of Gold to break thru and settle above its major level of resistance at $1,212, but now we see the yellow metal gaining momentum. Continue reading →
The price of Oil has been down for twelve straight days.
Hedge Funds got caught buying oil and selling natural gas causing a spike in natural gas prices in the last few days as they cover their loosing trade.
Today Oil is trading higher and with a weakening dollar (for the time being) as we are seeing a short covering rally in Gold. Next level of resistance is at $1,212 in spot.
Enjoy the rest of your day.
Disclaimer: This editorial has been prepared by Walter Pehowich of Dillon Gage Metals for information and thought-provoking purposes only and does not purport to predict or forecast actual results. This editorial opinion is not to be construed as investment advice or as a recommendation regarding any particular security, commodity or course of action. Opinions expressed herein cannot be attributable to Dillon Gage. Reasonable people may disagree about the events discussed or opinions expressed herein. In the event any of the assumptions used herein do not come to fruition, results are likely to vary substantially. It is not a solicitation or advice to make any exchange in commodities, securities or other financial instruments. No part of this editorial may be reproduced in any manner, in whole or in part, without the prior written permission of Dillon Gage Metals. Dillon Gage Metals shall not have any liability for any damages of any kind whatsoever relating to this editorial. You should consult your advisers with respect to these areas. By posting this editorial, you acknowledge, understand and accept this disclaimer.
The U.S. Dollar Index is maintaining its strong posture still above the 97 level, in turn keeping the price of spot Gold hovering around the $1,200 dollar level. Continue reading →
On Friday, news that the UK Transport Minister Jo Johnson had quit over the current Brexit deal, calling it “a terrible mistake,” had an immediate effect on the markets. Continue reading →
Gold ETF redemptions continue, as investors in that market seem to be losing confidence that the price of Gold has any upside potential at this time. Continue reading →
The Blue wave hit the shore yesterday and reached the House, but didn’t go far enough inland to reach the Senate. Continue reading →
Our markets remain range bound ahead of tomorrow’s midterm elections.
Some of the Wall Street Gold traders I spoke with this morning indicated that ahead of tomorrow night’s election results they will be looking at short term Gold and Silver options. Continue reading →
Asian markets up big overnight after President Trump and China’s President Xi agreed to meet at the G20 summit later this month in Argentina to discuss trade. President Trump indicated he was pleased with the conversation he had with the Chinese President and that he is optimistic that a deal could be put in place. Continue reading →
The Dillon Gage vault will close at 10am on November 2nd for inventory.
Shipments and incoming merchandise will not be processed until the following business day.
The trading room and FizTrade will be open regular hours for trading.
As a part of our dedication to customer service, security and detail, we perform monthly inventories of all the product in our vault. This requires that we shut down the vault for a short period of time. We will notify clients of these closures via the Market Gage Newsletter and here on our website.
Thank you for your patience and understanding.
What a difference a day makes. Yesterday, the U.S. Dollar was trading at a 16 month high. Today we see the U S Dollar Index reversing course and heading lower as other major world currencies recover from their lows yesterday.
Equites still in rally mode as we all await the results of the midterm elections next week.
Technical levels still in place and unless some unexpected news hits the wires we expect the price of spot gold to continue to be range bound from $1,215 to $1,235.
The price of Platinum seems to be recovering as news from Impala South Africa says it will cut its future production by 30 percent over the next two years. Slowing Diesel car sales continue to be a contributing factor.
Less supply can bring higher Platinum prices, but the news still seems to be negative for the Platinum market which is keeping Hedge Fund investment on the side lines at this time.
Have a wonderful Thursday.
The price of Gold today is under significant pressure as rebounding Equity markets and a stronger dollar is forcing some long holders to head for the exit. Continue reading →
Tariff headline stories are affecting the Equity Markets causing the Dow to have a 700 point swing today. Continue reading →
At time of this report, the price Gold is the only metal in negative territory as it is under pressure as the U.S. Dollar gets a boost from the weakness in the China Yuan. China’s currency has fallen over 9 percent in the past 6 months and is trading near a decade low. Continue reading →
Making a case for a continued rally in the price of Gold. Continue reading →
Asian Equity markets all in the red overnight after some big tech company earnings miss street expectations. Continue reading →
Both the Dow Industrial Average and the S&P 500 are now negative for the year. Continue reading →
It’s becoming ever more difficult for the price of Gold to achieve a sustained rally, as we see the Yen, Euro and Sterling finding it difficult to stay afloat. This in turn supports a higher U.S. Dollar. Continue reading →
Geopolitical risks abound causing equity markets across the globe to decline as investors head for safe havens. Continue reading →
On Friday, interestingly enough, the Gold 100-day moving average settled exactly on the Dillon Gage asking price of $1,226.20. As we indicated in our last report, Wall Street traders were looking for a breakout in the price of Gold if it settled above that level. Continue reading →
The price of Gold getting a little boost from a slightly weaker U.S. Dollar and concerns over Italy’s budget crisis. Continue reading →
The price of Gold rallies and Equities decline after U.S. Treasury Secretary tweets he’s not going to the Saudi Arabia business conference. Continue reading →
The most recent rally in the price of Gold has stalled, after reaching its highest level since July, a day or two ago. Continue reading →
We have come to the fork in the road in the Gold market. Helping bring us to this point overnight was the continued sell off of Equities in the Far East and a weaker Dollar Index. Continue reading →
A play-by-play analysis.
It took a while for the yields on the 10-Year Treasuries to go over 3 percent. Matter of fact, we got as high as 3.25 percent. That eventually took a toll on Equities. Continue reading →
