Commentary for Monday Oct 21, 2013 (www.golddealer.com) – Gold closed up a sleepy $1.30 today after last Thursday’s big $46.00 move to the upside after a deal was reached by Congress on the debt problem. By now it’s common knowledge that this deal must soon be renegotiated and that outcome…
Oct 18, 2013 | Bob Client’s rating: 4 of 5 I am a long time customer of CNI because they always have a polite staff and the best prices in the US. Recently they upgraded their pricing screens which puts them even farther ahead of everyone else! There are now 4…
Commentary for Friday Oct 18, 2013 – Gold closed down $8.40 today at $1314.40 so paper traders took a bit off the table going into the weekend but gold did have a good week being up $46.00. Third quarter Chinese Gross Domestic Product (GDP) came in at 7.8% so larger than…
Commentary for Wed Oct 16, 2013 – Gold closed up $9.00 at $1282.00 in reaction to the Congressional deal on spending. Gold actually traded higher in the day reaching $1289.00 during the seemingly tense talks but sold off on the handshake. Premiums for physical gold in both China and India…
Investing in gold is a smart way to diversify your portfolio. Since there is more than one way to invest in physical gold, it is helpful to do a bit of research before meeting with a gold bullion and precious metals dealer. For a general overview of the three ways…
Commentary for Tuesday Oct 15, 2013 – Gold finally closed down $3.40 at $1273.00 after watching the Congressional debt talks. Prospects for a government settlement helped the dollar and pushed gold as low as $1250.00 and then after the domestic market close a stall in Senate talks pushed the aftermarket…
Commentary for Friday Oct 11, 2013 – Gold closed down $28.60 at $1268.00 as large sell orders came in on the New York opening (2 million ounces sold in about 15 minutes) which triggered sell stops pushing gold as low as $1260.00. I think you have to now consider another…
Individuals who are looking to invest in gold sometimes have difficulty choosing what type of bullion to purchase. The two main forms of investment gold are bars and coins. Overall, neither form has a substantial advantage over the other, and your choice will largely be determined by how much gold…
Commentary for Thursday Oct 10, 2013 – Gold like Congress was all over the place today. It finally closed down $10.30 at $1296.60 under the important $1300.00 level. Yesterday’s low was $1295.00 and we are range trading so this close is not critical but a break below $1285.00 would not…
Commentary for Wednesday Oct 9, 2013 (www.golddealer.com) – Gold closed off $17.50 today at $1306.90 so weaker but still holding above the $1300.00 level after moving as low as $1295.00 before reversing direction. Gold does not act like it is worried about the debt problem but keep in mind this…