Commentary for Wednesday, Nov 5, 2014 (www.golddealer.com) – Gold closed down $22.00 at $1145.40 – the lowest level we have seen since early 2010. This weakness is the result of continued dollar strength – the Dollar Index was up 0.51% – and the result on momentum selling which carried over…
The instability of financial markets over the past several years has contributed to a surge of investment in precious metals among investors who once felt comfortable with cash-backed assets. In addition to gold, investments in silver coins and silver bullion are on the rise. If you would like to incorporate…
Commentary for Tuesday, Nov 4, 2014 – Gold closed down $1.90 at $1167.40 taking a breather but the dollar was only somewhat weaker. It looks very quiet out there which is surprising considering the big short position the paper traders are holding. Whether this is the calm before the storm…
Commentary for Monday, Nov 3, 2014 – Gold closed down $1.80 today at $1169.30 reacting to a very strong dollar and not much follow through from Friday’s big down day which saw gold off $27.00 on the BOJ announcement of further quantitative easing. The Dollar Index traded in a range…
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Commentary for Friday, Oct 31, 2014 – Gold closed down $27.00 today at $1171.00 and at one time traded as low as $1161.00 and has given up $60.00 on the week. As the Bank of Japan announced an additional $700 billion in stimulus the overnight Hong Kong and London market…
The Royal Canadian Mint is one of a handful of sovereign nation institutes that mints widely accepted coins made from precious metals. To learn about one of the mint’s most popular bullion vehicles, the Silver Maple Leaf one-ounce coin, check out this captivating video clip. Sponsored by the RCM, this…
Commentary for Thursday, Oct 30, 2014 (www.golddealer.com) – Gold closed down $26.20 today at $1198.50. An expected drop created yesterday in the aftermarket as the Federal Reserve announced the end of its current quantitative easing program. This weakness in gold is accentuated by a stronger dollar – now trading over…
Commentary for Wednesday, Oct 29, 2014 – Gold was off $4.90 on the close at $1224.30 but soon after news from the FOMC pushed prices lower in the aftermarket – and as of this writing gold is trading around $1213.00. The end of quantitative easing was pretty much expected to…
Once your level of financial security reaches a point at which you have money beyond what you require to meet your basic needs, it’s wise to invest some of the rest in order to grow your wealth. With money markets becoming increasingly unreliable, more and more consumers are looking to…