Commentary for Wednesday, Dec 17, 2014 (www.golddealer.com) – Gold closed down $0.40 to close at $1194.30 and the aftermarket was quiet as the much anticipated meeting of the Federal Open Market Committee seemed to indicate that it would not change its time table relative to raising interest rates. Believe it…
Commentary for Tuesday, Dec 16, 2014 (www.golddealer.com) – Gold closed down $13.30 at $1193.90 confirming yesterday’s weak aftermarket. Actually I was surprised today’s loss was not worse considering the collapse in the ruble which traded at 80 to the dollar. The talk about revolution in Russia is nonsense – Putin…
Commentary for Monday, Dec 15, 2014 (www.golddealer.com) – Gold closed down $14.80 at $1207.20 and then traded lower in the aftermarket by $10.00. This places gold below the important $1200.00 level – so last week’s suggestion that profit taking was in the cards seems to be playing out going into…
Dec 12, 2014 | M. Client’s rating: 4 of 5 I am a long time customer of yours and have spent many hours in the store with Harry….good man! Anyway, thanks very much for your time.
Commentary for Friday, Dec 12, 2014 (www.golddealer.com) – Gold closed down $3.10 at $1222.00 in a light round of profit taking into the weekend. So this market is beginning to look pretty flat although gold was up $36.00 on the week. To shake off the recent doldrums gold must move…
Commentary for Thursday, Dec 11, 2014 (www.golddealer.com) – Gold closed down $3.80 at $1225.10 in continued chart consolidation but it is clear the fizz has moved on – short covering evaporated – bargain hunting got lost and safe-haven buying is on hold. It’s amazing what a few quiet days of…
Commentary for Wednesday, Dec 10, 2014 (www.golddealer.com) – Gold closed down $2.60 at $1228.90 in a mild round of profit taking after yesterday’s big $36.80 move to the upside. Considering recent higher prices pushed by short-covering and some safe haven buying the bulls while still defensive are at least breathing…
Commentary for Tuesday, Dec 9, 2014 (www.golddealer.com) – Gold closed up $36.80 at $1231.50 in what looks like follow through momentum from Monday and safe-haven buying. This is the highest gold close in 6 weeks and further supports recent talk that a short-term bottom might be in place. Perhaps world…
Commentary for Monday, Dec 8, 2014 (www.golddealer.com) – Gold closed up $4.60 at $1194.70 in the domestic market – in fact it was traded tightly in overnight trading both in Hong Kong and London – the high to low range was a few bucks at best. Then a short-covering rally…
Dec 5, 2014 | K. A. Client’s rating: 4 of 5 I searched high and low and I believe I found the lowest price but before I buy the lowest price item I always make sure i know who I’m buying from. The people you buy from are as important…