Gold a Bit Weaker on Fed Talk but Prices Choppy Short Term 7/31/2013 Commentary for Wednesday, July 31, 2013 (www.golddealer.com) – Gold closed down $11.60 at $1312.40 ahead of the Federal Reserve comments about quantitative easing. Fed comments have sometimes created an immediate negative reaction in the price of gold…
Gold Consolidates Awaiting Fed Comments (Tues/Wed) About Monetary Easing 7/30/2013 Commentary for Tuesday, July 30, 2013 – Gold moved lower by $4.40 today closing at $1324.00 marking time and awaiting further information from the Tuesday and Wednesday meeting of the FOMC (Federal Open Market Committee). Traders will be watching for…
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Gold Higher Against a 5 Day Drop in the Dollar 7/29/2013 Commentary for Monday, July 29, 2013 – Gold closed only marginally higher today up $6.20 at $1328.42 against a 5 day drop in the dollar of more than a point. Trading was quiet and really an extension of last week’s…
Gold Still Under Pressure into the Weekend 7/26/2013 Commentary for Friday, July 26, 2013 – Gold closed down $7.30 at $1321.70 so weaker on the day but recovering from session lows of $1311.00. On the week gold was up a mere $28.00 which does mark the third week of higher prices…
Gold Rush! 10 Facts about Gold Bullion 7/25/2013 If you’re looking for secure wealth, think gold. Most gold investors don’t keep their wealth in gold rings and jewelry, but rather in gold bullion. Gold bullion refers to gold bars and gold coins. The value of bullion varies depending on weight,…
Gold Marginally Higher on a Technical Bounce 7/25/2013 Commentary for Thursday, July 25, 2013 – Gold closed slightly higher today up $9.10 at $1329.00 in quiet trading and I think this bounce is just technical but does support the notion that we might be entering bottom territory. Initial jobless claims…
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Gold Moves Lower as the Dollar Gains Strength and Oil is Weaker 7/24/2013 Commentary for Wednesday, July 24, 2013 – Gold finally closed down $15.20 on the day at $1319.90 basically reacting to a stronger dollar and weaker oil. Stronger new home sales helped the dollar move higher by 0.4% today.…
Gold Technically Settles Looking for Follow Through Asian Demand 7/23/2013 Commentary for Tuesday, July 23, 2013 – Gold was down mildly off $1.30 at $1335.10 and so experienced some psychological letdown after the big move to the upside of more than $40.00 yesterday. Everyone was banking on perhaps a large follow…
