Commentary for Tuesday, Aug 6, 2013 (www.golddealer.com) – Gold closed weaker today off $19.40 at $1283.20 recovering somewhat from earlier lows of $1278.00 so the $1300.00 level is history for now and until this psychological level can be regained it is fair to say gold will remain defensive. Near term…
Commentary for Friday, Aug 2, 2013 (www.golddealer.com) – Gold closed down only slightly off $0.40 at $1310.60 today but none the less it was a big day because early pressure could have created more than a big problem. Gold moved below $1300.00 on the possibility that a big employment number…
Silver is one of the most valuable metals on Earth, and it has been prized globally since the days of the ancient Greeks. Even today, silver is an excellent medium for investment. If you are considering investing in silver, then you’ve probably heard the term bullion, but do you know…
Commentary for Thursday, Aug 1, 2013 (www.golddealer.com) – Gold closed down $1.40 at $1311.00 off highs for the day and the dollar closed higher on comments by ECB President Mario Draghi that rates in Europe will stay low for a long time. Judging from the FOMC minutes the Federal Reserve…
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 and today the market moved as low as $1308.00 before recovering. And even…
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 any hint of Federal Reserve policy changes but nothing in…
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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 lethargic action while still holding above the important $1300.00 mark. This…
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 but I expected more from a market that…
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, purity, and, in the case of coins, rarity.…