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…
Aug 20, 2014 | L. Client’s rating: 4 of 5 Great news letter for Monday. Very informative. Was wondering what happened to the unrest in Iraq ? They must have put it on hold, because I’ve heard nothing from the media since the Ukraine / Israeli incidents. I look forward…
While gold has been widely recognized as a precious metal for thousands of years, platinum is still a relatively new discovery among precious metal buyers. The earliest known existence of platinum spans back some two billion years ago, when the earliest recorded meteorite containing platinum impacted Earth. Read on to…
Commentary for Wednesday, Aug 20, 2014 – Gold actually traded within a very narrow range overnight in Hong Kong and London – continuing flat into the domestic close – down $1.60 on the day at $1293.50. But the aftermarket in gold weakened as talk of Federal Open Market Committee minutes…
Commentary for Tuesday, Aug 19, 2014 – Gold closed down $2.60 today at $1295.10 but considering the stronger dollar (81.89 – Reuters calling a 9 month high) we could have done worse. The dollar was supported by good news in housing starts – low inflation numbers and continued weak oil…
Did you know that many investors recommend having approximately 10 to 20 percent of your investment wealth in precious metals and inflation-sensitive certified rare coins? If you want to learn more about coins, check out the Coin Database HD app for iOS. With the Coin Database HD app, you can…
Commentary for Monday, Aug 18, 2014 (www.golddealer.com) – Gold closed down $6.80 today at $1297.70 as the world pauses to consider consequences – both in Ukraine and Gaza. But make no mistake – no one really figures these complicated political situations will resolve themselves. The move below $1300.00 was expected…
Many people are waking up to the advantages of making precious metals part of their IRA plans. Metals provide an ideal avenue of diversification for your portfolio. They are more stable than the stock market and offer better returns than fixed-interest investments, giving them a good risk-and-return ratio for building…