Commentary for Monday, Feb 23, 2015 ( www.golddealer.com) – Gold closed quietly today down $4.10 at $1200.30 – simply biding time and waiting for the upcoming Fed Chair Yellen testimony this week. There are a few secondary issues – the breakdown of the Russian/Ukraine issue – the semi-solution for an…
Commentary for Friday, Feb 20, 2015 ( www.golddealer.com) – Gold closed down $2.70 on the Comex today at $1204.40 and while it feels like there is not much happening gold has actually decreased around $94.00 this past month. Still complacency seems to rule even though there are major currency forces…
Commentary for Thursday, Feb 19, 2015 ( www.golddealer.com) – Gold closed up $7.40 on the Comex today at $1207.10. It’s still holding the important $1200.00 level but the price action remains subdued – in overnight trading (Hong Kong and London) gold moved above the $1220.00 mark so while higher today…
When you sell gold bullion bars and coins, their physical condition matters little. As long as they weigh what they should, the stamps and hallmarks are legible, and the paperwork and certificates are in order, you will be able to sell your bullion for current market value. Rare coins, however,…
Commentary for Wednesday, Feb 18, 2015 ( www.golddealer.com) – Gold closed down $8.40 on the Comex today at $1199.70 and actually traded as low as $1197.00. There is a good long term case that gold will hold on either side of the $1200.00 Maginot line but I have to admit…
Commentary for Tuesday, Feb 17, 2015 – Gold closed down $18.40 on the Comex today at $1208.10 on worries – worries that the Fed will raise interest rates this summer – worries that the Chinese will not buy during the holiday (their markets will close for 5 days beginning this…
When you are diversifying your assets by investing in bullion, it’s important to be aware that not all gold and silver coins for sale are of equal investment value. Specially minted bullion coins issued by national governments have little value beyond their gold content. Certified rare coins, however, can be…
Commentary for Friday, Feb 13, 2015 – Gold closed up $6.40 at $1226.50 in quiet trading as the 100 Day Moving Average holds ($1216.00) but strong safe haven buying fades. The technical picture while not horrible is not encouraging. The reasons for this settling in price have been talked to…
Commentary for Thursday, Fed 12, 2015 ( www.golddealer.com) – Gold closed up an unconvincing $1.20 on the Comex at $1220.10 but this market feels heavy to me. We are back to a guessing as to when the Federal Reserve might raise interest rates – perhaps this summer. But it was…
For experienced investors, the gold to silver ratio is one of the many indicators used to time precious metal purchases and liquidation. At its most basic, the gold to silver ratio is the amount of silver it takes to purchase one ounce of gold. For example, if the gold to…