Commentary for Wednesday, May 7, 2014 – Gold closed down $19.70 at $1288.60 saying good bye to the reassuring $1300.00 support level. So gold is weaker because the upbeat Yellen comments reinforce the “feel good” economy numbers. And Putin’s assurance that he wants to deescalate the powder keg in Ukraine takes…
May 5, 2014 | A. M. Client’s rating: 5 of 5 Love your newsletter. Totally void of self serving psycho babble. You have -0- chance of being a successful politician or Celeb. Stay with precious metals. Keep writing it, really enjoy it.
Commentary for Monday, May 5, 2014 – Gold closed up $6.40 at $1309.00 after reaching highs on the day of $1315.00 before settling. Trading overnight in Hong Kong and London was flat around the $1309.00 mark and in today’s domestic session we ran into overhead resistance approaching gold’s 50 day…
Commentary for Friday, May 2, 2014 – Gold finally closed up $19.50 at $1302.60 but the road to back above $1300.00 was a bit bumpy. There was a slight dip in the price of gold after the release of the jobs number but the market recovered holding the important $1280.00…
Commentary for Thursday, May 1, 2014 – Gold closed down $12.50 today at $1283.10 in again what looks like a bearish market pushed by technical selling. But the bears do look tired (30 day chart) forming a recent double bottom around $1280.00. Gold did test the $1278.00 level before closing…