Commentary for Monday, May 4, 2015 ( www.golddealer.com) – Gold closed up $12.30 today on the Comex at $1186.80 and was good for a few bucks more in the aftermarket. The store also saw strong Asian interest today and the gold Exchange Traded Funds moved higher. My Friday’s assessment of…
Commentary for Friday, May 1, 2015 ( www.golddealer.com) – Gold closed down $7.90 today on the Comex at $1174.50. This morning’s gold market remains weak and off-balance as technical selling is the order of the day. This further weakness from the big Thursday’s route was anticipated as the Federal Open…
Commentary for Thursday, April 30, 2015 ( www.golddealer.com) – Gold closed down $27.40 on the Comex today at $1182.00 – once again showing weakness as yesterday’s FOMC talk appeared hawkish and the US economy seems to once again be improving. This latest drop however has taken a great deal of…
Gold coins are great for collectors, investors, or hobbyists. But no matter why you’re purchasing gold coins, you want to make sure you know that you’re buying the real deal. There are obviously signs you can look for and techniques that will help you identify real gold coins, but you…
Commentary for Wednesday, April 29, 2015 ( www.golddealer.com) – Gold closed down $3.80 today on the Comex at $1209.80. This modestly weaker close is the result of several factors. The first factor being that the Federal Open Market Committee is going to continue its watchful eye, promising change. The Fed…
Commentary for Tuesday, April 28, 2015 ( www.golddealer.com) – Gold closed up on the Comex today by $10.70 at $1214.00. This was the result of a declining dollar but the jump in prices seems tepid – almost not convincing after yesterday’s scramble to higher ground. The after-market was also a…
Gold and silver has always been popular among savvy investors, but there hasn’t been much investor interest in platinum—at least not yet. Platinum bullion bars and coins are becoming increasingly popular because they have low premium over their “melt” value. This means that the price of bullion bars and coins…
Commentary for Monday, April 27, 2015 ( www.golddealer.com) – Gold closed dramatically higher today on the Comex up $28.10 at $1209.30. There is more to this than a large short-covering rally – because this just fell out of the trading sky. That’s why you should be suspicious especially as gold…
Commentary for Friday, April 24, 2015 ( www.golddealer.com) – Gold closed down $19.20 on the Comex today at $1175.20. The market got weaker overnight in London and Hong Kong and the downward move accelerated in the domestic market. I don’t know what to makes of this latest weakness – it…
Commentary for Thursday, April 23, 2015 ( www.golddealer.com) – Gold closed up $7.50 today on the Comex at $1194.40 in what I call ho-hum trading and is now around 3 week lows so there is not much enthusiasm in the precious metals market. Look at the Gold Exchange Traded Funds:…