Commentary for Thursday, May 14, 2015 – Gold closed up $7.00 today on the Comex at $1225.40. Probably just follow through action from yesterday’s close which showed gold up $25.50 and a continuation of the largest short-covering rally we have seen since late April. This recent run is a combination…
Commentary for Wednesday, May 13, 2015 – Gold closed surprisingly higher today up $25.50 on the Comex to a more respectable $1218.40. This after yesterday’s push to the upside of $9.40 is happy news but let’s not count our chickens just yet. This type of price reversal should be looked…
Commentary for Tuesday, May 12, 2015 – Gold closed up $9.40 today on the Comex at $1192.60 as European bonds moved lower and stocks got the jitters. The Dollar Index sold off somewhat today with the high being 95.16 and the low being 94.24. We are looking at 94.46 as of…
Commentary for Monday, May 11, 2015 – Gold closed down $5.90 today on the Comex at $1183.20. There was some early upside movement after the announcement that China would cut its lending rate by a ¼% but their attempt at fine-tuning their staggering economy lost steam with gold traders probably because…
Commentary for Friday, May 8, 2015 – Gold closed up $6.70 on the Comex today at $1189.10. And considering all the gold indecision out there it’s interesting that we finished up $14.50 on the week. The dollar has been generally weaker this week – the Dollar Index trading from a high…
Commentary for Thursday, May 7, 2015 ( www.golddealer.com) – Gold closed down $7.90 today on the Comex at $1182.40 in quiet trading. The big deal (if there is one) at this point is tomorrow’s job numbers – a better than expected showing would pressure gold lower because it would enforce…
If you take retirement planning seriously, one of the best ways to diversity your Individual Retirement Account (IRA) is to purchase precious metals. Many financial planners recommend precious metals to protect against inflation and offer additional protection against government intrusion into your personal finances. Gold coins, silver bars, platinum bullion,…
Commentary for Wednesday, May 6, 2015 ( www.golddealer.com) – Gold closed down $2.90 today on the Comex at $1190.30. Gold remains undecided and boring – but today’s lack of interest is surprising. The miss on the jobs support should have supplied a bit of fuel to the upside – it…
Once you purchase gold, silver, platinum, or palladium coins, your first and most important responsibility is the safe keeping and protection of your investment. Proper care and storing is essential for all coin owners, regardless of the type of coins you collect or how many coins you have. Even a…
Commentary for Tuesday, May 5, 2015 ( www.golddealer.com) – Gold closed up $6.40 at $1193.20 in a second day of higher prices after Friday’s sell-off – but this play is unconvincing. So what has changed in the gold marketplace between yesterday and today? A rhetorical question perhaps but there have…