23
Aug

Current thoughts 8/23/16

From the Trading Desk On Friday, silver closed at $19.305 basis the active September silver contract.  The open on Sunday gapped immediately lower though and saw over 5.5 million ounces trade in the opening minute.  Silver traded all the way down to $18.83 in that first minute of trading before settling into an uninspired range around $19 for the rest …

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18
Aug

Current thoughts 8/18/16

From the Trading Desk:   Yesterday’s Fed minutes provided some brief excitement in an otherwise dull week of trading action.  The main takeaway from the minutes was that Federal Reserve opinion is deeply divided.  This serves to reconfirm that a September rate hike is highly unlikely.  The primary concerns for the members of the Fed include inflation being below its …

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16
Aug

Current Thoughts for 8/16/2016

From the Trading Desk As has been typical during this last month of summer so far, it has been yet another quiet start to the week for the precious metals.  Gold remains range bound with support at the recent double bottom of $1,330 and resistance at $1,360, the seventh point on a trendline dating back to July 6th.  After an …

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9
Aug

Current Thoughts for 8/9/2016

From the Trading Desk It has been an absolutely lethargic start to the week for the precious metals.  Gold has traded in a mere $12 range so far this week and its attempt today to recover from Friday’s strong payroll figure was underwhelming at best.  The physical coin and bar market in North America and Europe continues to disappoint with …

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8
Aug

Current Thoughts for 8/8/2016

When there isn’t much to talk about with gold and silver, I don’t know how repeating the same thing over and over again matters. The dollar is moving up slightly and gold is falling slightly today was the big news. In other words, no real news at all. Miners moved up with stocks today and was not a bullish gold …

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