Commentary for Thursday Oct 31, 2013 (www.golddealer.com) – Gold closed down $25.60 today at $1323.60 in a kind of convoluted reaction to a number of factors: dollar strength created by less than dovish FOMC talk which pushed the dollar higher and profit taking from the paper sector, gold being up…
Commentary for Wed Oct 30, 2013 (www.golddealer.com) – Gold closed up $3.80 at $1349.00 trading as high as $1360.00 on the day which is impressive given the strength in the dollar. So the Fed will not change the quantitative easing policy until they have more economic information (?). A decision…
At California Numismatic Investments (CNI), we know that investors like to have as much control over their investments as possible. One way in which we seek to give our patrons this luxury is through our phone order placement option. After checking the current buy and sell prices on our website,…
Commentary for Tuesday Oct 29, 2013 (www.golddealer.com) – Gold closed down $6.80 today at $1345.70 in lackluster trading. Economic news still disappoints as retail sales and consumer confidence move lower with September showing the single largest drop in signed home sales in 40 months. Producer prices are also heading in…
Oct 28, 2013 | M Gould Client’s rating: 0 of 5 I have had excellent dealings with CNI for the past thirteen years. Yesterday and today, they outdid themselves in quality of service. I have just returned home after a four month hospital/rehab stay during which a relative handled finances.…
Oct 25, 2013 | LM, Cyperspace Client’s rating: 5 of 5 A friend recommended CNI and Harry Johnson and over the past year Harry has helped me with my gold and silver needs with professional service and honest advice. I have been kept informed of the status of my orders and each shipment…
Commentary for Thursday Oct 24, 2013 (www.golddealer.com) – Gold closed up $16.30 to $1350.20 on more delayed taper talk. It also moved above its 50 day moving average ($1343.00) and 100 day moving average ($1326.00) which calls more attention to recent strength. We are now in a prime testing area…
Commentary for Wednesday Oct 23, 2013 (www.golddealer.com) – Gold closed off $8.60 today at $1333.90 on mild profit taking and mixed signals between the dollar and oil. The dollar continues weak but oil surplus places pressure on gold. Mario Draghi President of the European Central Bank explains on CNBC this…
More and more people are turning away from stocks and bonds and beginning to invest in solid, tangible commodities. If you are considering investing in gold or another precious metal for the first time, there are few things of which you should be aware before you buy bullion. As with…
Commentary for Tuesday Oct 22, 2013 (www.golddealer.com) – Gold closed up $26.80 today at $1342.50 as the dollar moved below 80 on the Dollar Index. Actually the 3-month Dollar Index is a disaster but crude oil is now below $100.00/barrel. So there is a push-pull going on here but a…