Commentary for Friday, Aug 29, 2014 (www.golddealer.com) – Gold closed down $2.90 at $1285.80 initially moving to as high as $1292.00 over the Russian incursion but as fears abated trading moved to book-squaring ahead of the long weekend. On the brighter side gold did close above its 200 Day Moving…
It’s hard to believe that coins with such small face values can be worth so much to collectors, but the fact remains that rare coins are one of the best investments you can make. Exceptionally rare coins such as the 1774 “flowing hair silver dollar” that recently sold for $10…
Commentary for Thurs, Aug 28, 2014 – Gold closed up an unimpressive $6.80 at $1288.70 as the Russians argue over who owns the military equipment which has crossed the Ukrainian boarder. One thing is sure – the US Security Council thinks enough about the incursion to call an emergency meeting. What…
Aug 27, 2014 | N/A Client’s rating: 5 of 5 Your employee Harry Johnson was most helpful to me in assuring me that my shipment of gold to you would arrive safely despite the USPS delays. A large amount of money (for me) was involved and I was getting worried that…
Commentary for Wed, Aug 27, 2014 (www.golddealer.com) – Gold closed down $1.90 at $1281.90 in continued sleepy summer trading. Gold again traded nearly flat in the overnight Hong Kong and London markets – slightly above and below the $1285.00 mark. This short trading range ($5.00) continued into the domestic market…
Gold coins are an excellent investment. Not only do gold prices continue to rise, but bullion gold coins are immediately liquid and easy to buy or sell. If you are investing in gold coins for the first time, you are probably wondering how to keep your new coins safe. You…
Commentary for Tuesday, Aug 26, 2014 – Gold closed up $6.50 at $1283.80 in what looks like a simple technical rebound. Traders may be covering short positions and taking a profit but this does not look like bargain hunting to me. Gold is coming off a $26.00 dollar loss last…
Commentary for Monday, Aug 25, 2014 (www.golddealer.com) – Gold closed down $1.30 today at $1277.30 in a market which showed a $4.00 trading range from overnight Hong Kong/London through domestic trading close. A negative for gold today was that the Chinese only imported 22 tons of gold from Hong Kong…
Commentary for Friday, Aug 22, 2014 (www.golddealer.com) – Gold closed up $4.90 today at $1278.60 so the Russian “invasion” or Fed Chair Yellen’s comments failed to really move the gold needle – an unexpected reaction really – most thought either one of these events would move gold much higher by…
Commentary for Thursday, Aug 21, 2014– Gold closed down $19.70 at $1273.70 reacting to better economic data and a stronger dollar. Compare the close ($1273.70) with the 50 Day Moving Average ($1306.00) – the 100 Day Moving Average ($1296.00) and the 200 Day Moving Average ($1284.00) and the technical picture…