Commentary for Thursday, July 25, 2013 – Gold closed slightly higher today up $9.10 at $1329.00 in quiet trading and I think this bounce is just technical but does support the notion that we might be entering bottom territory. Initial jobless claims were up 7,000 which is discouraging and the…
Jul 24, 2013 | Terry Client’s rating: 5 of 5 I have shopped around quite a bit and CNI has the lowest prices by far! They are also willing to go the extra mile to make you happy.
Commentary for Wednesday, July 24, 2013 – Gold finally closed down $15.20 on the day at $1319.90 basically reacting to a stronger dollar and weaker oil. Stronger new home sales helped the dollar move higher by 0.4% today. The exchange traded gold funds (ETF) are still losing product: GLD is now…
Commentary for Tuesday, July 23, 2013 – Gold was down mildly off $1.30 at $1335.10 and so experienced some psychological letdown after the big move to the upside of more than $40.00 yesterday. Everyone was banking on perhaps a large follow through supported by increased Asian gold buying…but it did not…
Commentary for Monday, July 22, 2013 – Gold moved dramatically higher first in the overnight market and then domestically up $43.10 and closing well above the much talked about $1300.00 level (for the first time in a month). So this continued upward pressure on gold prices after revisiting the $1211.00…
Do you collect gold or silver coins? The US Coins application by BJG Apps offers a convenient tracking system for both new and seasoned coin collectors. The US Coins application lets users upload information about their current coin collection to ensure that they do not inadvertently purchase a coin already…
Commentary for Thursday, July 18, 2013 – Gold closed higher today up $6.70 at $1284.60 apparently liking the way our Fed Chairman is handling questions about the improving US economy in front of the US Senate. What a great venue, Bernanke knows what he is trying to accomplish and for the…
Commentary for Wed, July 17, 2013 – Gold closed down $12.90 today at $1277.90 so the threat to move above $1300.00 has vanished and the expected profit taking is now figured into the deal. The Chairman’s comments walked the line nicely between hawkish and dovish as he asserted his view that…
Commentary for Tuesday, July 16, 2013 – Gold closed again a bit higher today up $7.00 at $1290.80 and the dollar was a bit weaker. Gold has had a positive attitude since it bottomed out in late June at around $1200.00 so technically the picture is improving and supported by some…
Commentary for Monday, July 15, 2013 – Gold closed up $6.00 at $1283.80 in late market action probably reacting to weaker than expected US economic news but I still believe this market is just marking time. Gold is certainly more optimistic these days but with Chairman Bernanke speaking again this…