Commentary for Monday, Fed 2, 2015 ( www.golddealer.com) – Gold was weaker in the overnight London and Hong Kong markets by about $10.00 but managed a closing rally in the domestic trade finishing the day off $2.30 at $1276.20. The reason for the late rush might have been a slip…
Commentary for Friday, Jan 30, 2015 ( www.golddealer.com) – Gold on the Comex closed up $23.90 at $1278.50 recovering from yesterday’s classic overreaction to the possibility of a Fed interest rate hike sooner than later. The bounce to higher ground provided relief to the bulls and further illustrates my point…
Commentary for Thursday, Jan 29, 2015 ( www.golddealer.com) – Gold on the Comex today closed down $31.30 at $1254.60. This sharp move to the downside was not unexpected but the trigger was interesting considering the FOMC did a nice job of tiptoeing around the interest rate question yesterday. So down…
Experts have been saying for a long time that placing 5 percent to 10 percent of an investment portfolio in precious metals is a prudent allocation decision—but which precious metal should you invest in? If you want to hedge your investments against inflation, consider gold bullion like the Pamp Suisse…
Commentary for Wednesday, Jan 28, 2015 ( www.golddealer.com) – Gold on the Comex closed down $5.80 at $1285.90 with little action in the aftermarket so today’s Federal Open Market Committee comments did not create much of a stir. Most did not expect much out of this meeting – but like…
Commentary for Tuesday, Jan 27, 2015 ( www.golddealer.com) – Gold on the Comex closed up $12.30 at $1291.70 as the dollar lost value over disappointing durable goods numbers released today – and the aftermarket continued higher by about $3.00. This was actually a big turnaround as gold pulled back in…
Gold is a terrific investment vehicle, especially when you buy and sell physical gold coins. Unlike most other capital assets, gold bullion does not rely on the performance of the management or another’s ability to pay, such as bonds and bank savings. It’s no wonder a survey of recent American…
Commentary for Monday, Jan 26, 2015 – Gold closed down $13.20 at $1279.40 on continued pressure selling from Friday on profit taking and a strong dollar. The Syriza party as expected won Greek elections over the weekend. They are Marxist, left leaning and anti-austerity. There has been some concern that…
Commentary for Friday, Jan 23, 2015 – Gold on the Comex closed down $8.10 at $1292.80 on a round of expected profit taking and a stronger dollar. The Dollar Index is reacting to the European Union quantitative easing program put in place Thursday. So the euro moves lower and the dollar…
ommentary for Thursday, Jan 22, 2015 ( www.golddealer.com) – Gold closed up $7.00 at $1300.70 as the European Union finally pulled the trigger on their plan to lower the price of the euro by printing more fiat paper money. European Central Bank President Mario Draghi has been talking about this…