Weak Yuan Boosts Dollar Lowering Gold

Weak Yuan Boosts Dollar Lowering Gold

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 →

Sustaining Gold Rally Difficult

Sustaining Gold Rally Difficult

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 →

Gold Market Technical Analysis

Gold Market Technical Analysis

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 →

Gold's Stellar Rally

Gold’s Stellar Rally

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 →

Innovative Gold IRA Investment

Innovative Gold IRA Investment

Innovative Gold IRA Investment a Breakthrough for IRA Community
Investors can now track and accumulate pure physical gold

ADDISON, TX (Oct. 9, 2018) – Dillon Gage Metals, one of the world’s largest precious metals wholesale firms, is connecting the IRA investment community with a new and innovative alternative asset for their clients — DGGold™. DGGold, provides direct ownership of physical gold tracked by Blockchain technology.

Continue reading →

Far East Selling Lowers Gold

Far East Selling Lowers Gold

We start the week in negative territory as selling emerges overnight in the Far East. Bond markets are closed here for the holiday, but action in the Dollar Index has put pressure on the price of Gold and Silver. Continue reading →

Fed Announces Rate Increase

Flash – Fed Announces Rate Increase

As expected, the Fed announces rate increase. The Federal Reserve announced a quarter-percentage-point increase in interest rate increase at 2 pm today, citing a strong labor market and economy.

The Fed raised the benchmark borrowing rate to a range of 2 percent to 2.25 percent, the third hike this year.

Immediately after the announcement, Gold dropped 5 dollars but has recovered somewhat since then.

Also announced was that another rate hike in December is expected, and at least 3 more next year.

The question now is, at what point will the consumer start to feel the pain of higher interest rates?

The real story is, and was, that everyone got real comfortable over a number of years enjoying cheap money.

Now that wages are increasing, the stock market is making new highs and, according to the Atlanta Fed, we are growing at a rate of 4.2 percent, the Fed has no choice but to stay the course and be aggressive.

Some economists I speak with believe they are not being aggressive enough. True they had a low starting point, but when the equity markets continue to shrug off higher interest rates, some claim things are not just matching up.

Tariffs and higher interest rates should put the brakes on the equity markets, but investors seem not to care.

I don’t know what it will take to get the price of Gold in rally mode, but with a stock market seemingly making new highs every day and more rate hikes to come something has to give. Will it be the fallout from the midterm elections or just someone in Washington waking up and realizing that government spending is out of control? And let’s not forget our debt issue, that needs to be addressed immediately.

Believe it or not, someday this party will end and many traders and economists I speak to, say it will be sooner rather than later.

I’m all ears if someone can tell me when.

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.

China Continues Driving Global Silver

China Continues Driving Global Silver

China continues driving global silver market and will for years to come, fueled by continued industrial demand and silver mining activity. That’s according to a new report by Metals Focus that was commissioned by The Silver Institute, “Prospects for the Chinese Silver Market.” Continue reading →

Gold Feels Comfy just under $1,200

Gold Feels Comfy just under $1,200?

Walter Pehowich is off today. The insights were prepared by a senior analyst.

It appears, Gold feels comfy just under $1,200. The overhanging concerns over tariffs combined with the strong U.S. Dollar are keeping the yellow metal in the just-under-$1,200 neighborhood. Continue reading →

Gold Hit By Jobs Growth

Gold Hit By Jobs Growth

Gold hit by jobs growth numbers this morning. When the report came out that the U.S. economy added 201k in August, the yellow metal immediately sank back below the $1,200 level. Continue reading →

Dollar Down, Gold Up

Dollar Down, Gold Up

The buoyant U.S. dollar has finally taken a dip, boosting the price of both gold and silver this morning. The “Dollar Down, Gold Up” headline is giving gold bulls a smile, if only for a moment, as gold once again bumps up against $1,200 an ounce. Continue reading →

FizTrade Alert

FizTrade Should Be Back Online After Microsoft Outage

UPDATED AT 8:01 am CDT Sept 5, 2018

After pushing and working with Microsoft throughout the day yesterday, the Dillon Gage IT team reports that at this time all systems appear to be online and operational (and tested as such). We are cautiously giving the green light to resume normal operations.

If you should encounter any further issues with FizTrade, please refresh the browser. If that doesn’t work, please send an email to thewitt@dillongage.com.

(Yesterday morning, everything in Microsoft’s South Central U.S. region went offline thanks to a temperature spike that caused their Azure servers to automatically shut down to avoid damage.)

Thank you for your understanding and patience.

The Dillon Gage Team

Labor Day Weekend Hours

Labor Day Weekend Hours

Here are Dillon Gage’s Labor Day Weekend hours. We will be available for trading and refining during the following times.

Electronic trading available on FizTrade.com:

  • Sunday, September 2nd from 5pm Central until Noon on Monday, September 3rd
  • Regular electronic trading hours will resume at 5pm on Monday, September 3rd

Dillon Gage trading desk and refinery:

  • Closed Monday, September 3rd
  • Regular business hours on Tuesday, September 4th

Have a safe and happy Labor Day!

Gold Marches Higher

Gold Marches Higher

The price of Gold marches higher as the value of the U.S. Dollar continues to soften. As Gold approaches the $1,200 dollar level, traders still holding short positions (and there are many) must be thinking twice about holding on to a possible losing trade. Continue reading →

Price of Gold takes a pause

Price Of Gold Takes A Pause

The price of Gold takes a pause today after dropping almost 3 percent this week. The price of Silver experienced a 5 percent decline and PGMs also took it on the chin as Platinum declined 6 percent and Palladium fell over 5 percent. Continue reading →

Gold Goes Digital

Gold Goes Digital

Dillon Gage introduces DGGold™ – direct physical gold ownership now available to investors

ADDISON, Texas (Aug. 14, 2018) – Dillon Gage Metals, one of the world’s largest precious metals wholesale firms and leading technology innovator in the industry, recently launched its first Digital Metals product, DGGold. Continue reading →

Gold Under Dollar's Pressure

Gold Under Dollar’s Pressure

This morning we find price of Gold under Dollar’s pressure. The U.S. Dollar continues to rise against most major currencies today hitting a fresh 52 week high of 96.18 in light trading activity, as investors focus on global trade tensions and a strong U.S. economy. Continue reading →

Dollar's back up - Gold soft

Dollar’s back up – Gold soft

The U.S. dollar regained its oomph over the weekend, after losing a bit of steam on Friday. In turn, the selling pressure on gold and silver is on the rise. In fact, gold is trading close to last week’s 12-month low, while the dollar index is very close to the 12-month high it hit a few weeks ago. In short, the dollar’s back up – gold soft. Continue reading →

Gold Ticks Up on jobs Report

Gold Ticks Up On Jobs Report

Surprise – gold ticks up on jobs report. After a lackluster week, the yellow metal regained a little shine this morning after weaker-than-expected growth numbers in the U.S. labor market were released for July. Continue reading →