Gold Moves Lower on Technical Selling

Commentary for Thursday, Oct 30, 2014 (www.golddealer.com) – Gold closed down $26.20 today at $1198.50. An expected drop created yesterday in the aftermarket as the Federal Reserve announced the end of its current quantitative easing program. This weakness in gold is accentuated by a stronger dollar – now trading over…

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Gold Very Quiet Awaiting FOMC Comments

Commentary for Tuesday, Oct 28, 2014 – Gold closed up $0.10 at $1229.20 awaiting the results of the in-process meeting of the Deep Thinkers in Washington. The Federal Open Market Committee will release information concerning its quantitative easing program after the stock market closes tomorrow. Quantitative Easing as it stands right…

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Gold Closes Up – Tepid and Not Firm

Commentary for Friday, Oct 24, 2014  – Gold closed higher up $2.70 at $1231.10. Gold was steady in Hong Kong and London overnight trading but after a failed attempt to move above the $1240.00 range yesterday this market remains defensive and needs more time to redevelop a trend. Still it…

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