Commentary for Monday, Nov 17, 2014 – Gold closed down $2.00 at $1183.00 as the Japanese yen moved lower and the US dollar strengthened. Gold seemed content in overnight trading and continued in a narrow trading range into the domestic market. After Friday’s big move (up $23.90) I would have…
Commentary for Friday, Nov 14, 2014 – Gold closed up $23.90 today at $1185.00 waking everyone up – after initially moving lower ($1146.00) in early trading. Why the big one day reversal in a market which has been plagued by short sellers? The Dollar Index – now 87.46 had a…
Commentary for Thursday, Nov 13, 2014– Gold closed up $2.20 at $1161.10 edging somewhat higher but probably capped by lower oil prices. Saudi Arabia continues to pump disregarding lower prices and a weakening European picture. With this scenario you might wonder what they are up to – but cynicism aside…
While not immune to fluctuations in price, gold is an asset that investors can count on to help keep their portfolios afloat for the long run. With gold available in so many different forms, choosing what type of gold to invest in tends to be more difficult than choosing to…
Commentary for Wednesday, Nov 12, 2014 – Gold finished down $3.90 at $1158.90 after initially showing some strength on news that NATO reported troop movements and artillery fire in western Ukraine. The UN Security Council announced an emergency session but the rally was short lived probably capped by a stronger…
Commentary for Tuesday, Nov 11, 2014 (www.golddealer.com) – Gold closed up a surprising $3.20 today at $1162.80 after being down and under pressure at the beginning of the trading session. The pressure was created because of the expectation of higher interest rates and subsequently a stronger dollar. In this session…
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Commentary for Monday, Nov 10, 2014 (www.golddealer.com) – Gold closed down $10.00 at $1159.60 and traded as low as $1155.00 before turning around to finish a bit on the disappointing side considering Friday’s big move higher. Gold has fallen about 16% from its early March high this year – so…
Commentary for Friday, Nov 7, 2014 (www.golddealer.com) – Gold closed up $27.30 today at $1169.60. This jump in price was caused by two factors – first a warming up geopolitical situation as Russian army tanks once again threaten Ukraine – and second the dollar began weakening which helped enforce a…
Commentary for Thursday, Nov 6, 2014 – Gold closed down $3.10 at $1142.30 in a quiet session which saw the overnight Hong Kong and London market hover right around $1145.00. In today’s gold session prices did touch yesterday’s low ($1137.00) before correcting higher. So the market looks like it is…