Rhodium is one of the rarest precious metals on the planet. A member of the platinum group metals (PGM) together with platinum and palladium, rhodium is a key component in the car industry as well as in electrical connections and in aircraft turbine engines. The rarity of rhodium combined with…
Commentary for Wednesday, April 22, 2015 ( www.golddealer.com) – Gold closed down $16.00 at $1186.90 on solid home sales data indicating the economy may be back on track after some data setbacks created by the winter cold snap. So we are now trading significantly below the $1200.00 level and the…
Commentary for Tuesday, April 21, 2015 ( www.golddealer.com) – Gold closed up $9.40 on the Comex today at $1202.90. This looks like some safe-haven buying as the Greek default possibility is once again considered. This entire debt mess is turning into wonderment – even the EU deep thinkers can’t solve…
Gold like the American Buffalo is highly sought after by investors around the world. Not only has the price of gold been historically stable, but as a precious metal gold bullion bars and coins will always be worth something. Can you say the same about stocks and bonds? Gold is…
Commentary for Monday, April 20, 2015 – Gold closed down $9.40 on the Comex today at $1193.50 – once again dipping under $1200.00. The dollar was stronger – the Dollar Index today – ranged from 97.33 to 98.07 and is 97.97 as of this writing. However, the Dollar Index for…
Commentary for Friday, April 17, 2015 – Gold closed up $4.90 at $1202.90 on the Comex today – looks like light safe haven buying because of troubles in Greece, Iran, Russia and Yemen. In the old days a slate like that would have been worth $50.00 easy to the upside –…
Commentary for Thursday, April 16, 2015 – Gold closed down $3.50 on the Comex today at $1198.00. It could have been better – the dollar was generally stronger in early trading but weakened considerably later in the day. The Dollar Index traded between 97.38 and 98.72 and as of this…
Silver proof coins are among the most desirable silver coins. The U.S. Mint began producing proof coin sets in the 1800s, but silver proofs weren’t sought after by collectors until the 1930s. The most recent set of silver proof coins was the 50 State Quarters. Silver proof coins are still…
Commentary for Wednesday, April 15, 2015– Gold closed up on the Comex today at $8.70 in a small round of short covering and dollar weakness. The Dollar Index traded between 98.22 and 99.36 – now at 98.42 – so considerble off its highs for the day. US economic data today…
Commentary for Tuesday, April 14, 2015 ( www.golddealer.com) – Gold closed down $6.50 at $1192.80 on the Comex today. This pressure remains in place primarily because of dollar strength but the Dollar Index today sold off moving from the 99.50 range to around 98.50 on soft economic data. The overnight…