Commentary for Tuesday, July 15, 2014 – Gold closed down $9.40 today at $1296.90 so we did see some follow through from yesterday’s $30.70 loss. So it goes without saying the bulls are not happy. Gold was moving slightly higher in overnight trading trying to get on its feet and…
Commentary for Monday, July 14, 2014 (www.golddealer.com) – Gold closed down $30.70 at $1306.30 so physical players were not smiling today despite elevated turmoil in the Middle East. But before we jump out the collective window remember that gold over the past 6 weeks moved higher by $94.00. The dollar…
Commentary for Friday, July 11, 2014 (www.golddealer.com) – Gold closed off $1.70 at $1337.00 today as talk focused on comments from Federal Reserve insiders as to when an interest rate hike might be in the cards. I suspect they will stay the “low interest rate course” (an emergency mode) until…
Commentary for Thursday, July 10, 2014 (www.golddealer.com) – Gold closed up $14.90 at $1338.70 and with yesterday’s $7.80 move into higher ground traders should be paying attention. In today’s action to the upside gold opened higher in New York and stayed there all day – showing the solid buying follow…
Jul 9, 2014 | N/A Client’s rating: 4 of 5 I have been doing business here for over 30 years. This is a quality place with quality people like Harry Johnson and Ken Slater. If you are in the market for metals. This is the place to go.
Owning gold and silver is one thing; storing your precious metals is quite another. As more and more individuals like you take part in this modern-day gold rush, the question of where and how to store one’s precious metals arises. Fortunately, California Numismatic Investments offers independent precious metal storage that…
Commentary for Wednesday, July 9, 2014 (www.golddealer.com) – Gold closed up $7.80 at $1323.90 as escalating tensions in Israel added to problems in Ukraine and Iraq. The overnight Hong Kong and London markets were narrowly traded and quiet. The Dollar Index is only slightly lower around 80 for the last…
Precious metal prices have been rising significantly over the past decade, but that’s not the only reason to invest in gold, silver, platinum, or any other precious metal. In today’s volatile and unstable global economy, you need the safety and security that physical precious metals provide. California Numismatic Investments can…
Commentary for Tuesday, July 8, 2014 (www.golddealer.com) – Gold closed down $0.50 today at $1316.00. It was generally higher in overnight Hong Kong and London trading – a trend which continued into early domestic trading but broke down early on – moving from over $1324.00 to $1314.00 in a matter…
Commentary for Monday, July 7, 2014 (www.golddealer.com) – Gold closed down $3.60 at $1316.50 and so remains in a relatively flat trading channel dating back to mid-June. Overnight the Hong Kong and London trade was fairly tight ($1312.00/$1316.00) and domestic pricing closed on a firm note above the $1316.00 mark.…