Much like American pennies, Canadian cents were considered by most Canadians to be impractical pocket weights. In fact, the Canadian penny was withdrawn from circulation in 2012. While modern small-denomination coins may be worth less than their weight in metal, there are a handful of pennies out there valued at…
Commentary for Thursday, Oct 16, 2014– Gold closed down $3.60 at $1240.50 today. So the recent push to higher ground may be in need of a rest – or the push may be running out of gas. I’m not saying gold is finished with this recent run – there are…
Commentary for Wednesday, Oct 15, 2014 – Gold closed up $10.50 today at $1244.10 reacting to softer US economic data – Retail Sales down 0.3% and September Producer Price Index down 0.1%. A weaker dollar also helped the gold bulls today. Continue to watch the dollar relative to the price of…
Commentary for Tuesday, Oct 14, 2014– Gold closed up $4.30 at $1233.60 after trading as high as $1238.00 in the overnight London market on poor economic data out of Germany. So gold’s continued modest rise is weighed down by dollar strength and lower oil, but continues to be pushed by…
Valued at more than $200, A Johnson-Matthey 10oz Silver Bar is a beautiful chunk of precious metal. In part because of its purity and in part because it is stamped by one of the most reputable silver bullion brands the world over, the JM 10oz bar is something you would…
Commentary for Monday, Oct 13, 2014 (www.golddealer.com) – Gold closed up $8.30 at $1229.30 which is the highest point in almost a month helped again by a weaker dollar. Comments over the weekend by Federal Reserve Governor Fischer indicates once again the Fed will delay interest rate hikes as a…
Oct 12, 2014 | Rich Client’s rating: 5 of 5 If you live in So. Cal you have to visit. Their store, web site and phone staff are first class all the way. Buying gold and silver is easy with absolutely no pressure. They give you the same quality service…
Commentary for Friday, Oct 10, 2014 (www.golddealer.com) – Gold closed down $3.60 at $1221.00 in what looks like a small technical adjustment as gold held the important $1220.00 mark but failed to produce any big follow through momentum although we are up $29.00 on the week. The release of minutes…
Commentary for Thursday, Oct 9, 2014 (www.golddealer.com) – Gold closed up a strong $19.30 at $1224.60 as the overnight Hong Kong and London markets confirmed their strength after the release of September’s FOMC minutes yesterday. While this latest move might yet turn out to be a tempest in a tea…
Commentary for Wednesday, Oct 8, 2014 (www.golddealer.com) – Gold closed down $6.40 today at $1205.30 in a market which really cannot make up its mind. It actually traded as high as $1220.00 before reversing itself as oil prices came down – WTI crude oil moved lower by $1.15 at $87.47…