Advantages of Owning Gold!

In 2008, the world faced an unprecedented financial meltdown which destroyed trillions of dollars in savings. Gold owners had predicted such an outcome since the early 1970’s, but this financial collapse reenergized the world’s interest in precious metal investments. Why gold? For starters, gold is virtually inflation-proof. Gold is also…

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Gold Drifts Higher in Thin Trading

Commentary for Wednesday, July 2, 2014 – Gold closed up $4.30 at $1330.70 so a virtual repeat of yesterday’s action. We are now approaching – with little fanfare – 2014 highs for gold ($1379.00). The gold market seems steady with very close trading in the overnight Hong Kong and London…

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Gold Moves Modestly Higher Again

Commentary for Tuesday, July 1, 2014 (www.golddealer.com) – Gold closed up $4.60 at $1326.40. The overnight market in Hong Kong and London wandered in a tight range ($5.00). Again the 30 day chart is worth a peek – technically the bulls are in charge. The generally higher price pattern began…

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What Is Palladium?

Palladium is a relative newcomer to the precious metals market. Its mining history is short compared to other metals, but it is taking off in value. Investors are choosing palladium in large numbers because of its multiple uses and seemingly bright future. However, many people still have a lot of…

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Gold Remains Steady into the Weekend

Commentary for Friday, June 27, 2014 (www.golddealer.com) – Gold closed up $2.60 going into the weekend at $1319.00. So the support above the important $1300.00 levels seems to be holding up – but I would like to see more conviction in this current trading range. Gold held a tight trading…

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