Commentary for Monday, Dec 9, 2013 GoldDealer – Gold closed up $5.00 at $1235.00 so it remains firm but still defensive. The reason it closed stronger is in reaction to the better than expected US economic news we heard Friday which should have prompted more Fed easing talk and pressure gold…
Dec 6, 2013 | SR, Cyperspace Client’s rating: 0 of 5 Dear Ken and Richard: Why do I continue to give your firm 90% of my bullion business (10% to local dealers). Here’s why: very competitive pricing, which includes FREE SHIPPING, great service, and shipments that are packaged great and…
Commentary for Friday, Dec 6, 2013 (www.GoldDealer.com) – Gold closed down $2.90 at $1230.30 but the market did weaken earlier ($1210.00) on news of strong employment numbers before reversing itself and moving higher. So we are still stuck with this dichotomy trading system which revolves around the Federal Reserve and…
Commentary for Thursday, Dec 5, 2013 (www.golddealer.com) – Gold closed down $15.00 at $1233.20 so most of yesterday’s gain was lost but the good news is that in the midst of a poor technical picture we are still holding above the important $1200.00 level. The reason for this is because…
Hello everyone, we just launched our new website today so please visit it and tell us what you think. We have all of our previous content plus a lot more with easier navigation! Check out the new address for our daily commentary on the precious metals market Here. Thanks for…
In recent years, many people have become fed up with stocks and bonds and diversified their portfolios with precious metals. Of all the different ways to invest in precious metals, gold coins are perhaps the most fun, as they also offer a glimpse into the past. However, most gold coin…
Commentary for Wednesday, Nov 27, 2013 GoldDealer.com – Gold closed down $3.60 to close at $1237.80 going into the Thanksgiving holiday reacting to a stronger dollar and weaker oil: leading Economic Indicators stronger in October but Durable Goods and Chicago PMI weaker which points to a lackluster economy and less likelihood…
Considering how coins can change hands hundreds of times over the course of decades or even centuries, they can become very dirty. For this reason, many coin collectors think it’s a good idea to clean their coins or bars like the 10 oz Silver Flag Bar. In this video, a…
Commentary for Thursday, Nov 21, 2013 – Gold closed down $14.40 at $1243.50 with a troubling inter-day low of $1239.00 so my prediction of another test of the recent lows is on the money. And today was the third time this week gold has dropped nearly $15.00. Breaking a key…
Gold was considered a valuable commodity long before the U.S. dollar, Japanese yen, Swiss franc, and the Euro were ever circulated. Over the past several years, shrewd investors who once deemed it wise to hold reserves of these traditionally stable currencies have developed a renewed interest in gold. Here are…