Commentary for Wednesday, Dec 18, 2013 Gold finally closed up $4.90 at $1236.10 but the paper and physical market activity both before and after the close were surprisingly quiet. The Federal Reserve move concerning tapering was small moving its current largess from $85 billion a month to $75 billion a…
Are you considering starting a coin collection? Collecting gold and silver coins is not only a fun hobby, but it can also be a great investment in your future. Coin collecting can be lucrative, especially when you work with a reputable coin dealer. Although learning the coin market can take…
Commentary for Tuesday, Dec 17, 2013 GoldDealer – Gold closed down $14.30 at $1231.20 waiting for FOMC information about possible changes in the quantitative easing program. Gold weakness began in the overnight Hong Kong and London markets and carried through in the domestic action but I would describe this move as…
Commentary for Monday, Dec 16, 2013 – Gold closed up $9.30 today at $1245.50 in what appears to be a little nervous jump in prices. This is not necessarily bullish but just another insurance bet as doubt enters the picture as to what Uncle Sam is going to do with his…
Commentary for Friday, Dec 13, 2013 GoldDealer – Gold closed up $9.70 at $1235.70 so we did not get the follow through selling I talked about Thursday. Interesting, as it seems traders want to walk right up to that $1200.00 line in the sand and then…no conviction because the jury…
Although most miners searching for gold these days are well aware of the existence of pyrite, many a miner in the past has been fooled into believing that he struck gold when, in fact, it was “Fool’s Gold” that he struck. While this mistake is less likely than ever before…
Commentary for Thursday, Dec 12, 2013 GoldDealer – Gold closed down $32.50 at $1226.00 and began to meltdown in overnight Hong Kong/London trading which continued weaker into the domestic market. There are a number of reasons: (1) economic numbers coming out of Europe are a disaster which moved the dollar higher.…
When viewed in the context of the last five years, the past several months have been exceptionally promising for financial markets. Unfortunately, however, considerable unease and uncertainty still exists. Many experts are already hypothesizing about what the next big bubble to burst will be. If this sort of uncertainty has…
Commentary for Wednesday, Dec 11, 2013 – Gold closed down $3.90 in lackluster trading to close at $1258.50 with virtually no reaction to the budget deal which was passed under the radar. As usual both the Republicans and Democrats claimed victory and they might both be right in that we…
Commentary for Tuesday, Dec 10, 2013– Gold closed at a three week high today up $27.10 at $1262.40. Now considering gold was looking very closely at $1214.00 last week the floor talk goes something like this: is it possible in this sea of bad gold news that the short players…