Commentary for Wednesday, June 3, 2015 – Gold closed down $9.40 on the COMEX today at $1184.70. Interestingly the dollar was weaker – the Dollar Index closed yesterday at 95.94 and it is now trading at 95.48. Under normal trading conditions this half point move to the downside would push…
Commentary for Tuesday, June 2, 2015 – Gold closed up $5.80 at $1194.10 on the COMEX today as gold once again looks at $1200.00. Trading opinion, as to general market direction remains mixed. The Hong Kong overnight market was flat but the London players began to push prices somewhat higher…
As an investor, your goal is to minimize risk as much as possible. While there’s no such thing as a sure thing when it comes to investments, it’s true that some investments are much safer than others. If you’re looking for a stable investment, there are limitless opportunities in the…
Commentary for Monday, June 1, 2015 – Gold closed down a disappointing $1.10 at $1188.30 after moving above the important $1200.00 level in early trading. Gold traded opposite the Dollar Index for the entire session. In early trading the Dollar Index was flat to generally higher – gold was capped. Eventually…
Commentary for Friday, May 29, 2015 – Gold closed on the COMEX today up $1.30 at $1189.40 in a week of trading which had many scratching their heads. Gold did lose $15.00 on the week but most traders were perplexed that losses were not greater considering how mighty the dollar has…
Commentary for Thursday, May 28, 2015 – Gold closed up $2.50 today on the COMEX at $1188.10. Some have claimed today’s action looked like a combination of short-covering and bargain hunting, but I believe gold has become a news junkie – and there is so little new information that trading has…
With a resurgence in silver as of late, collectors and investors alike are hunting for the best silver coins money can buy. But with so many silver coins to choose from, how do you know which coin is worth the investment? If you’re considering U.S. silver coins, look for coins…
Commentary for Wednesday, May 27, 2015 – Gold closed down $1.30 at $1185.90 on the COMEX today as gold turns flat, traders remain cautious. This market is unusually quiet after yesterday’s flurry of action – this is important. No follow through to the downside for the bears is just as telling…
Commentary for Tuesday, May 26, 2015 – Gold closed down $17.10 at $1187.20 on the COMEX today – saying good-bye to last Friday’s close of $1204.30 and throwing any short-term support at $1200.00 overboard. This latest weakness in gold is all about dollar strength but there are a number of factors…
Gold has been synonymous with wealth for thousands and years, and yet it remains one of the most highly sought after precious metals in the world. There’s actually been a resurgence in gold investments as of late as investors look for safe alternatives to shaky and unstable investments like stocks…