Commentary for Monday, Dec 1, 2014 – Gold closed up $42.80 at $1218.00 as the aftermarket sell off on Sunday was corrected in the domestic US market. Gold’s initial weakness began last Friday (down $21.00) and the lower trend was reinforced as Swiss citizens rejected their referendum vote on gold…
Commentary for Wednesday, Nov 26, 2014 – Just a note to remind everyone that this will be the last newsletter until Monday, Dec 1 – we will be closed Thursday and Friday for Thanksgiving. Gold closed down $0.50 at $1196.50 so little changed moving into the holiday but there seems…
Commentary for Tuesday, Nov 25, 2014 – Gold closed up $1.60 at $1197.10 in typical holiday trading – a bit on the boring side but there was a sudden sell-off in early New York trading but the market quickly recovered. Perhaps this was some short-term testing to the downside by the…
Commentary for Monday, Nov 24, 2014 – Gold closed down $2.00 at $1195.50 and trading remained quiet overnight in London and Hong Kong. This being the Thanksgiving week here in the US I would not expect much in the way of pricing. Gold is still trying to get traction near…
Commentary for Friday, Nov 21, 2014 – Gold closed up $6.80 to at $1197.00 on additional quantitative easing news from both the Bank of China and the European Union. This was the third day this week that gold has moved above the important $1200.00 mark – today’s high being $1207.00.…
Commentary for Thursday, Nov 20, 2014 – Gold closed down $2.90 at $1190.70 in what looks like a consolidation pattern to me…still within striking distance of the important $1200.00 mark but forming a kind of fizzle pattern – there is no such thing but the word describes the action –…
Outside of the kitchen, bullion refers to bulk quantities of a precious metal, such as gold or silver. Bullion is a great asset to add to almost any investment portfolio, no matter how large or small. In order to make the most of your investment in gold or silver bullion,…
Commentary for Wednesday, Nov 19, 2014 (www.golddealer.com) – Gold closed down $3.10 at $1193.60 – a respectable finish considering early trading saw lows at $1173.00. The much awaited Federal Open Market Committee minutes were released with little fanfare – I guess the market is further assured that the Fed will…
Commentary for Tuesday, Nov 18, 2014 (www.golddealer.com) – Gold closed up $13.70 today at $1196.70 reacting to a weaker dollar and some inflation talk as Producer Prices for October came in higher than expected. Gold moved higher because the dollar turned downward in today’s trading. The Dollar Index closed yesterday…
A Look at the Most Valuable Gold Coins 11/18/2014 Gold has been considered a valuable commodity since the emergence of organized civilization thousands of years ago. While gold’s monetary worth is generally determined by its weight and purity, the value of some rare coins surpasses that of heavier and purer…