Commentary for Thursday, Oct 23, 2014 (www.golddealer.com) – Gold closed down $16.30 at $1228.50 taking all the fizz out of recent action around the $1240.00 level. The dollar was strong as the Dollar Index saw a trading range of 85.66 through 85.88. I think today’s loss also represents further profit…
Commentary for Wednesday, Oct 22, 2014 – Gold closed down $6.20 at $1244.80 reacting to a stronger dollar and profit taking. Gold was steady in the overnight Hong Kong and London markets but dipped in domestic trading as a strong dollar – moving as high as 85.67 on Dollar Index…
Commentary for Tuesday, Oct 21, 2014 – Gold closed up a respectable $7.00 at $1251.00 as traders began to speculate that the Federal Reserve would push back interest rate hikes in an effort to further encourage a rather choppy economic recovery in the US. And at the same time the…
Commentary for Monday, Oct 20, 2014 – Gold closed up $5.70 today at $1244.00 so we made up for Friday’s small loss and added a few bucks on top. But my comments on Friday stand in that the market while short term technically stronger from its most recent low still…
Commentary for Monday, Oct 20, 2014– Gold closed up $5.70 today at $1244.00 so we made up for Friday’s small loss and added a few bucks on top. But my comments on Friday stand in that the market while short term technically stronger from its most recent low still looks…
Commentary for Friday, Oct 17, 2014 – Gold closed down $2.30 today at $1238.10 so this makes for the second day of smaller losses in a market which was a combination of fear driven and oversold coming together. And the dollar gained strength today creating some drag on the price…
Much like American pennies, Canadian cents were considered by most Canadians to be impractical pocket weights. In fact, the Canadian penny was withdrawn from circulation in 2012. While modern small-denomination coins may be worth less than their weight in metal, there are a handful of pennies out there valued at…
Commentary for Thursday, Oct 16, 2014– Gold closed down $3.60 at $1240.50 today. So the recent push to higher ground may be in need of a rest – or the push may be running out of gas. I’m not saying gold is finished with this recent run – there are…
Commentary for Wednesday, Oct 15, 2014 – Gold closed up $10.50 today at $1244.10 reacting to softer US economic data – Retail Sales down 0.3% and September Producer Price Index down 0.1%. A weaker dollar also helped the gold bulls today. Continue to watch the dollar relative to the price of…
Commentary for Tuesday, Oct 14, 2014– Gold closed up $4.30 at $1233.60 after trading as high as $1238.00 in the overnight London market on poor economic data out of Germany. So gold’s continued modest rise is weighed down by dollar strength and lower oil, but continues to be pushed by…