Commentaries

  • Gold, silver and palladium futures are trading higher on the day, and with the exception of platinum the precious metals have all shown gains. As of 5:18 PM EST gold is fractionally higher, currently fixed at $1481.10, which is a net gain of $0.90 (+0.06%). Palladium is also fractionally higher and fixed at $1846.30, with a net gain of $0.90 (+0.05%). The largest percentage gain in the precious metals today was in silver futures. The most active March 2020 contract is currently back above $17 an

  • President Trump speaking at a news conference in London today drew a hardline in the sand as to his position about the current trade negotiations between the United States and China in which he said “A China trade deal is dependent on one thing — do I want to make it.” But it was his remark about a timeline to resolve the trade war that sent U.S. equities plummeting, and moved gold strongly higher. “I have no deadline, no. In some ways, I think it’s better to wait until after the election if you

  • An interesting mix of fundamental news which could be interpreted as bullish for gold and silver, did little to move the precious metals higher today. They did however move both gold and silver off of the intraday lows this morning. As of 4:32 PM EST gold futures basis the February contract is currently trading down $4.10 (- 0.28%) at $1468.60. Silver is also trading lower on the day currently down almost $0.12 and fixed at $16.85 an ounce. These declines come in light of a moderate selloff in U

  • Join The Mercenary Geologist Mickey Fulp and Trevor Hall of Mining Stock Daily every Friday afternoon for a recap of metals, money, and markets. Each episode provides commentary on performances and a look ahead to next week’s markets. You can listen to the weekly wrap exclusively at Kitco.com. We trust you will find our podcast of value and hope it becomes a part of your weekly due diligence and research. May all your trades be to the upside.

  • Three key elements continue to put pressure on gold. First and foremost is the fact that U.S. equities continue to rally and go to new all-time record highs. Second is an optimistic overtone that a U.S. China trade deal may be forthcoming. Lastly the U.S. dollar continues to gain strength. As of 3:45 PM EST gold futures are priced at $1453.80, after factoring today’s $6.50 decline (-0.45%). Silver futures are down over 8/10 of a percent, and with a decline of $0.14 is at $16.905 per ounce. We ca

  • Gold futures recovered after trading to a low last night of $1449.60. As of 4 PM EST the most active December contract is currently fixed at $1462.10, putting it up $5.20 on the day. Silver is also trading higher on the day, currently up 1.12%, which is a net gain of $0.18, and is currently fixed at $17.07. This all-in light of the fact that U.S. equities continue to trade higher. The Dow Jones industrial average closed at a new all-time record high for the second consecutive day. Yesterday the

  • A combination of U.S. equity strength and optimism about the current negotiations between the United States and China have resulted in selling pressure in gold. Gold futures are currently trading at $1455 per ounce, a net decline of $8.60 on the day. Gold traded to a low of $1453.90, and a high of $1462. Volume was lighter than usual as traders get ready for Thanksgiving. The upbeat tone was a net result of the document released on Sunday by the Chinese government which called for more protectio

  • On September 4TH, 2019 gold hit its highest value for the calendar year. From the beginning of May up until the beginning of September gold gained approximately $295 as it moved from $1270 per ounce to $1565 per ounce. It took only four months for gold to gain 5.3% in value. Following this dynamic price advance market forces resulted in a key reversal, a pivot from bullish market sentiment to bearish market sentiment. What would follow would be a multi-month correction moving the price of gold l

  • Join The Mercenary Geologist Mickey Fulp and Trevor Hall of Mining Stock Daily every Friday afternoon for a recap of metals, money, and markets. Each episode provides commentary on performances and a look ahead to next week’s markets. You can listen to the weekly wrap exclusively at Kitco.com. We trust you will find our podcast of value and hope it becomes a part of your weekly due diligence and research. May all your trades be to the upside.

  • (Kitco News) – It seems as though frustrated junior speculators are clicking sell buttons for tax-loss earlier each year. And despite the gold price remaining well above its breakout region of $1375 to $1400, even more so in 2019. A combination of a Fed rate cut pause, tax-loss selling, and expectations of an imminent “Phase One” trade deal between the two largest global economies has dried up speculator interest in most junior resource stocks. Moreover, the retail excitement surrounding g