Commentary for Friday, Aug 15, 2014 (www.golddealer.com) – Gold closed down $9.40 at $1304.50 and things could have been much worse as in early trading it touched $1292.00 before turning around over the Russian/Ukraine encounter. The trading day was actually a bit crazy although you would not see it in…
Walking Liberty Half Dollars are old, but they aren’t so old that it is excessively difficult to find at a quality coin dealer who carries them. Because Walking Liberty Half Dollars have been traded in volume for years, the pricing information is considered very reliable. Walking Liberty Half Dollars are…
Commentary for Thursday, Aug 14, 2014 (www.golddealer.com) – Gold closed up $1.10 today at $1313.90 and actually rallied as high as $1320.00 on war rumors but the rally fizzled and geopolitical issues once again move to the back burner. Also trader’s attention is more focused on the European business environment…
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Commentary for Wednesday, Aug 13, 2014 – Gold closed up $4.00 at $1312.80 and some claim this move was prompted by weaker than expected retail sales. I believe gold was stronger in reaction to China’s 9% annualized growth rate in industrial production which was coupled with their 12.4% retail sales…
A bullion coin is a coin made of precious metal that is kept as an investment or store of value instead of being used for daily commerce. Bullion coins typically sell above the market price of the metal on the commodities exchanges because of their small size and the cost…
Commentary for Tuesday, Aug 12, 2014 (www.golddealer.com) – Gold closed up $0.30 today at $1308.80 after at least some fighting between the bulls and bears. After gold’s big move from $1288.00 to $1308.00 on the 6th of August this market looked like it was good for a dramatic technical comeback…
Commentary for Monday, Aug 11, 2014 (www.golddealer.com) – Gold closed down $0.40 today at $1308.50 in very quiet trading. With the Kurds now being armed – another uneasy cease fire in Gaza and Putin looking for an excuse relative to Ukraine you would think there would be more action in…
Commentary for Friday, Aug 8, 2014 (www.golddealer.com) – Gold finally moved down $1.90 at $1308.90 after trading higher over increased Russian tension and US airstrikes into Iraq. As traders saw that the Iraq airstrikes were limited in nature and the Russians ended their military exercises on the Ukrainian boarder the…
Commentary for Thurs, Aug 7, 2014 – Gold closed up $4.10 today at $1310.80 after trading relatively flat overnight holding the $1305.00 level. Yesterday’s rise in gold happened because there was talk of pushback over further Russian sanctions. Here is what happened according to Forbes – “Russia has escalated an economic…