Commentary for Wednesday, Feb 12, 2014 – Gold closed up $5.00 today at $1295.30 continuing to benefit from Yellen’s Congressional testimonial on Tuesday. This is the 6th day in a row we have seen strength in gold prices aided by short-covering and renewed physical demand from China. Gold now seems…
Commentary for Tuesday, Feb 11, 2014 – Gold closed higher again today up $15.50 at $1290.25 and once again getting ready for a test of the important $1300.00 overhead resistance. Gold is up for the 5th straight session today and closed at the highest level this month. It was helped…
Feb 10, 2014 | N/A Client’s rating: 4 of 5 CNI offers great prices on great quality products, very pleasant, non commissioned, non pushy sales people, and a durth of information on each item they sell. CNI sales people will offer you their option on items for which you ask.…
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Commentary for Monday, Feb 10, 2014 – Gold drifted higher once again Monday up $11.50 at $1274.80 and this makes for the highest number we have seen 2014. For the third straight week gold broke through $1270.00 and this time managed to hold the higher ground. So there is some tension…
Feb 7, 2014 | J. L. Client’s rating: 5 of 5 What a breath of fresh air after struggling with purchasing and attempting to purchase, bullion, coins, and numismatic coins from various dealers, to find CNI and their fine staff. Even after my first purchases I was still skeptical and…
Commentary for Friday, Feb 7, 2014 (www.golddealer.com) – Gold closed up $5.70 today at $1263.30 reacting to a number of cross-currents. The dollar was weaker on news that the January jobs number came in considerably under expectation. This is yet another sign that the economy might still be sluggish after…
Commentary for Thursday, Feb 6, 2014 (www.golddealer.com) – Gold finally closed up $0.30 today at $1257.80 after reaching highs of $1265.00 in earlier trading on comments from ECB President Mario Draghi that the European Central Bank remains “ready to take decisive action” when needed to help the European economy. Some…
Feb 5, 2014 | G. S. Client’s rating: 4 of 5 It is with signal pleasure that I am able to strongly recommend the California Numismatic Investment Team (CNI, GoldDealer) for their continue support for all my investment needs. I have known this outstanding company (CNI) for the past twenty…
Commentary for Wednesday, Feb 5, 2014 (www.golddealer.com) – Gold closed up $5.60 at $1257.30 after testing recent highs ($1273.00) so trading continues relatively nervous and cautious. ADP payroll numbers showed 175,000 new jobs last month which was less than the expected 189,000. Talk continues about reducing the Federal taper as…