Commentary for Thursday, Sept 25, 2014 (www.golddealer.com) – Gold closed up $2.60 at $1221.10 in what appears to be affirming in pricing which carried over into the aftermarket. This is unusual because the dollar is strong – the Dollar Index at 85.16 and the talk of expected higher interest rates…
Throughout the world’s financial history, there have been a number of periods during which our faith in gold has been stronger than our faith in fiat currency. The most recent dramatic example of this is a period that started with the financial crisis of 2008-2009. In this brief video, CEO…
Commentary for Wednesday, Sept 24, 2014 (www.golddealer.com) – Gold closed down $2.40 at $1218.60 today – this is all dollar strength. Yesterday the Dollar Index was trading around 84.67 when the newsletter was published – today the Dollar Index is trading over 85.00. Also note my comment about yesterday’s US…
Commentary for Tuesday, Sept 23, 2014 (www.golddealer.com) – Gold closed up $4.20 at $1221.00 – the market was higher in earlier trading ($1236.00) as the US attacked ISIS within Syria – but moved lower as the dollar recovered earlier losses returning to 84.67 on the Dollar Index. And oil remains…
Commentary for Monday, Sept 22, 2014 (www.golddealer.com) – Gold closed up $1.50 at $1216.80 after a dip in the overnight Hong Kong market and some last minute weak short covering in the domestic market. The general trend for gold over the past 30 days has been down so the bears…
Commentary for Friday, Sept 19, 2014 – Gold closed down $10.40 today at $1215.30 so the bulls remain in charge – but there was a whiff of buying attention in the air today – so falling prices are beginning to change the physical dynamic. And before you consider jumping out…
On the morning of November 22, 1963, three shots were fired from a sixth floor window above Dealey Plaza in Dallas, Texas, irrevocably changing the course of our nation’s history forever. In the days and weeks that followed the sudden and tragic death of President John F. Kennedy, officials at…
Commentary for Thursday, Sept 18, 2014 – Gold closed down $8.70 at $1225.70 in action which was initially weaker but was eventually supported by a short-covering rally as short traders covered positions taking profits and moving to the sidelines. The gold market has been generally negative since early September – so…
Commentary for Wednesday, Sept 17, 2014 (www.golddealer.com) – Gold closed down $0.80 at $1234.40 waiting for the Fed news release regarding future interest rate bias – but dipped lower in the aftermarket as the Federal Reserve cut an expected $10 billion from its existing quantitative easing program – the remaining…
Commentary for Tuesday, Sept 16, 2014 (www.golddealer.com) – Gold closed up a tepid $1.60 today at $1235.20 watching carefully for any interest rate hints which might come from the two day Federal Open Market Committee (FOMC) being held Tuesday and Wednesday. The backdrop for this important powwow today saw Industrial…