Commentary for Monday Sept 16, 2013 (www.golddealer.com) – Gold moved up $9.50 in a short covering bounce to close at $1317.90 but the session was uninspired after last week’s $78.00 loss. The dollar has been generally weaker these last 5 trading days so there is a discount as oil settles.…
Commentary for Friday Sept 13, 2013 (www.golddealer.com) – Gold closed lower again today down $22.00 at $1308.40 which makes for a loss of $78.00 on the week. Which presents a conundrum when you consider the PPI for August represents a nearly 4% inflation rate and add that retail sales came…
Commentary for Thursday Sept 12, 2013 – Gold closed down $33.50 today at $1330.40. Gold drifted lower in overnight trading but fell off the cliff in the domestic market so we are now looking at $1323.00 support which was last month’s low. Silver also followed gold lower down $1.02 at…
For the first century of U.S. history the value of the dollar was directly related to the current price of gold. Since gold is a stable commodity and its value is the same all over the world, this gold standard ensured that the dollar would always hold its value on…
Commentary for Wednesday Sept 11, 2013 – Gold closed up a quiet $0.20 today at $1363.90 in thin summer like trading conditions waiting for fresh news which might push prices one way or the other. Traders are now focused on September 18th because most believe the Federal Reserve will have…
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Commentary for Tuesday Sept 10, 2013 – Gold dropped $22.70 today closing at $1364.10 when the President agreed to a UN discussion which would put Syrian chemical weapons under international control. Big news from China as her August industrial production was up 10.4% from a July rise of 9.7% so…
Commentary for Monday Sept 9, 2013 (www.golddealer.com) – Gold range was quiet today closing up $0.10 at $1386.80 which was unexpected considering all that is going on with Syria, Federal Reserve “tapering” and new debt ceiling talks. The dollar is a bit weaker and oil is firm. Still the world…
Commentary for Friday Sept 6, 2013 – Gold closed up $13.60 at $1386.70 into the weekend. The street expected better employment numbers and so gold was encouraged because of the link between employment and quantitative easing. Still gold appears stalled showing a weekly decline of $9.60. Silver was higher by…
For millennia, coins have been a staple in currencies all around the world. While their values and compositions may have varied a lot, coins are made using processes that have remained mostly unchanged. Whether you are an avid collector, a casual history buff, or just a vending machine customer, take…