11
Apr

Current Thoughts 4/11/2017

From the Trading Desk Various headlines concerning geopolitical uncertainties have resulted in volatile price action for gold since Thursday of last week. The US’ surprise attack on a Syrian airbase last Thursday night gave gold immediate legs and allowed it to make 6 months highs. In response to the use of chemical weapons on civilians, US President Trump authorized a …

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6
Apr

Current Thoughts 4/6/2017

Seems we are stuck in nowheresville right now with gold as it just can’t seem to get going much past 1250 and especially past 1260. Silver is stuck too. The main culprit is not just the lousy sales of gold and silver as posted earlier this week from the U.S. Mint, but rather a dollar that refuses to go under …

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28
Mar

Current Thoughts 3/28/2017

From the Trading Desk Since the beginning of March, US equities have been on a steady decline but the selling pressure waned over the past two days.  The Dow held its 50 day moving average yesterday and rallied 150 points today.  The Dow’s losses over the past month eventually translated into increased risk appetite and safe haven buying for gold.  …

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21
Mar

Current Thoughts 3/21/2017

The dollar couldn’t break through that 99.48 level and stay there today. It came close and we like that as gold bugs, but it may take a little bit longer to be convincingly lower. Gold is also up against the $1,250 resistance but should push through it very soon. Silver a bit of a laggard but also ready for a …

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