Commentary for Wednesday, June 18, 2014 (www.golddealer.com) – Gold closed quietly up $0.70 at $1272.40 before FOMC news was released that the Fed will cut its quantitative easing program by $10 billion beginning next month. So even with tepid US economic results the Federal Reserve seems intent on reducing its…
Commentary for Tuesday, June 15, 2014 (www.golddealer.com) – Gold closed down $3.20 at $1271.70 and continues to ignore Iraq in a settling move taking advantage of recent modest gains. This small sell-off is a bit concerning in that it would have been much more technically positive if gold would have…
Commentary for Monday, June 14, 2014 (www.golddealer.com) – Gold moved higher over the weekend as the Iraq situation deteriorates and the Russians have cut off natural gas deliveries to Ukraine asking for payment upfront. So the geopolitical forces are in charge short-term pushing gold as high as $1285.00 before New…
Whether you’re investing in a certain coin as a collector or buying precious metals as an investor, it’s natural to have questions about your choices. Even seasoned collectors and investors struggle sometimes with confidence in their purchases. Are you buying the right coin? Is your precious metal moving up in…
Commentary for Fri, June 13, 2014 – Gold closed virtually unchanged today up $0.10 at $1273.70 and overnight trading in Hong Kong and London were also flat as a pancake so the worsening situation in Iraq does not seem to hold much sway with gold. Oil prices are firmer –…
Jun 12, 2014 | G. & E. Client’s rating: 4 of 5 It was yesterday that we visited your establishment . We are new in purchasing precious metals and needless to say, had no idea what to do. In no time you made us feel comfortable and at ease. We also…
If you want to add platinum to your investment portfolio, American Platinum Eagle coins are a great place to start. These relatively new coins are the only platinum coins whose weight, content, and purity are backed by the U.S. government. Is the American Platinum Eagle the right coin for you?…
Commentary for Thurs, June 12, 2014 – Gold closed up $12.80 today at $1273.60. The rise in gold’s price today was primarily safe haven buying caused by the increasing tension in Iraq. Traders gave the entire region a pass yesterday but today are beginning to worry that the ease in…
Commentary for Wed, June 11, 2014 (www.golddealer.com) – Gold closed up $1.00 today at $1260.80 after a somewhat muted rally took prices as high as $1265.00 before losing steam. Still this is the highest level we have seen for gold in the last two weeks. This type of action would…
Commentary for Tuesday, June 10, 2014 (www.golddealer.com) – Gold closed up $6.30 at $1259.80 on a short-covering bounce today despite a stronger dollar. But the mood on the floor continues to be very lackluster – so the bears and bulls are now tired. This from Ed Steer (Gold and Silver…