Commentary for Monday, Nov 10, 2014 (www.golddealer.com) – Gold closed down $10.00 at $1159.60 and traded as low as $1155.00 before turning around to finish a bit on the disappointing side considering Friday’s big move higher. Gold has fallen about 16% from its early March high this year – so…
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Commentary for Friday, Nov 7, 2014 (www.golddealer.com) – Gold closed up $27.30 today at $1169.60. This jump in price was caused by two factors – first a warming up geopolitical situation as Russian army tanks once again threaten Ukraine – and second the dollar began weakening which helped enforce a…
Accessible and affordable, American Eagle bullion coins are an excellent way for individuals of varying means to invest in gold and silver. To learn more about the advantages of investing in an American Eagle gold coin and how to go about doing so, check out this brief news clip. In…
Commentary for Thursday, Nov 6, 2014 – Gold closed down $3.10 at $1142.30 in a quiet session which saw the overnight Hong Kong and London market hover right around $1145.00. In today’s gold session prices did touch yesterday’s low ($1137.00) before correcting higher. So the market looks like it is…
Commentary for Wednesday, Nov 5, 2014 (www.golddealer.com) – Gold closed down $22.00 at $1145.40 – the lowest level we have seen since early 2010. This weakness is the result of continued dollar strength – the Dollar Index was up 0.51% – and the result on momentum selling which carried over…
The instability of financial markets over the past several years has contributed to a surge of investment in precious metals among investors who once felt comfortable with cash-backed assets. In addition to gold, investments in silver coins and silver bullion are on the rise. If you would like to incorporate…
Commentary for Tuesday, Nov 4, 2014 – Gold closed down $1.90 at $1167.40 taking a breather but the dollar was only somewhat weaker. It looks very quiet out there which is surprising considering the big short position the paper traders are holding. Whether this is the calm before the storm…
Commentary for Monday, Nov 3, 2014 – Gold closed down $1.80 today at $1169.30 reacting to a very strong dollar and not much follow through from Friday’s big down day which saw gold off $27.00 on the BOJ announcement of further quantitative easing. The Dollar Index traded in a range…