Commentary for Wed, July 30, 2014 – Gold closed down $3.40 at $1294.90 pressured lower by a stronger dollar. The dollar was stronger, of course because the first look at the Second Quarter Gross National Product shows solid promise, up 4%! Remember however these numbers are adjusted on a regular basis…
Investing in rare coins and precious metals is a great way to diversify your investment portfolio. But finding a reputable precious metal and coin dealer is not easy. Read this article to find out how to locate a good precious metal dealer and start investing in precious metals the right…
Commentary for Tuesday, July 29, 2014 – Gold closed down $5.00 today at $1298.30 as consumer confidence moved higher. The Dollar Index (81.21) has also been generally higher over the last 5 days and crude oil while somewhat weaker has remained in the triple digits ($101.67). I would also say…
Commentary for Monday, July 28, 2014– Gold closed up $0.20 at $1303.30 watching the Federal Reserve and a possible interest rate change this Wednesday. I don’t buy the rumor but some believe the Fed will raise rates to stay on top of possible creeping inflation. With pending home sales moving…
Commentary for Friday, July 25, 2014 – Gold closed higher by $12.50 at $1303.10 going into the weekend. The gold market continues to drift since Thursday’s loss but today’s higher close is encouraging. The overnight gold market in Hong Kong and London did develop a slight upward bias which continued…
Commentary for Thurs, July 24, 2014 (www.golddealer.com) – Gold closed down $13.90 today at $1290.60 giving up the important $1300.00 support as US weekly unemployment numbers came back better than expected, with just 284,000 registering, while the forecast was for 310,000. This was the lowest reading since February 2006 and…
Jul 23, 2014 | R. Client’s rating: 5 of 5 Here I am, a new customer, yet your kindness and generosity make me feel like I have been dealing with your firm for decades! Thank you for understanding my situation. I will do everything in my power to continue to earn…
It’s never too early (or too late) to start investing in your future. And when it comes to retirement investing, experts recommend having a diverse investment portfolio. While there are certainly benefits to investing in real estate and IRA accounts, precious metals can protect your hard-earned wealth from the ravages…
Commentary for Wed, July 23, 2014 – Gold closed down $1.60 at $1304.50 in another uneventful trading session. The overnight markets in gold were completely flat – Hong Kong and London trading in a $5.00 range which continued into our domestic market. This even with the news that two Ukrainian…
Commentary for Tuesday, July 22, 2014 (www.golddealer.com) – Gold closed down $7.60 today at $1306.10 so we have seen a kind of mixed market these last few days with some short term profit taking as the dollar strengthened. The Dollar Index (80.78) has been trending higher since Monday so this…