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…
Commentary for Monday, Sept 15, 2014 (www.golddealer.com) – Gold closed up $3.70 at $1233.60 as the market remains dicey – the big question being what will Yellen have to say on Wednesday? To raise rates or not to raise in light of a better than expected US recovery versus a…
Commentary for Friday, Sept 12, 2014 (www.golddealer.com) – Gold closed down $7.50 today at $1229.90 so my feeling that we would eventually test the longer term $1200.00 number has been accurate. Unfortunately this is the 5th day in a row gold has moved lower. If you consider the Jan 2,…
Commentary for Thursday, Sept 11, 2014 (www.golddealer.com) – Gold closed down $6.10 today at $1237.40 so we are approaching almost a week of losses. This most recent trend is all about dollar strength so for now gold is getting no respect. Still we started the year at $1202.00 so it’s…
Commentary for Wednesday, Sept 10, 2014 (www.golddealer.com) – Gold closed down $3.30 to at $1243.50 so the market remains defensive with the bears in charge. Gold has ignored the upcoming President Obama speech tonight in which he will perhaps outline plans regarding the terrorists group ISIS. The President has wide…
When economies shiver and stocks collapse, gold prospers. It’s no wonder gold bullion coins like the American Eagle and Canadian Maple Leaf sell in the millions weekly. Gold bullion coins are extremely liquid, meaning they can be bought and sold quickly. And while gold bullion bars are heavy and awkward…
Commentary for Tuesday, Sept 9, 2014 (www.golddealer.com) – Gold closed down $5.90 today at $1246.80 reinforcing yesterday’s technical loss and encouraging short paper sellers. So my original thought looks good in that gold will again test $1240.00 in the short term. If this holds it would be a bullish double…
Last year a California couple uncovered a stash of gold coins buried on their property valued at as much as $10 million. The couple found almost 1,500 coins dated between 1847 and 1849. These coins were never circulated and are in mint condition. Experts have said that this discovery if…
Commentary for Monday, Sept 8, 2014 (www.golddealer.com) – Gold closed down $13.10 today at $1252.70 reacting to a dollar that is defining gravity – the Dollar Index is now a smoking 84.22 showing a previous close of 83.85. This is amazing really if you consider relative prices of the Dollar…
Commentary for Thurs, Sept 4, 2014 (www.golddealer.com) – Gold closed down $3.80 today at $1265.10 which is not bad considering the strength of the dollar which rallied more than 1% as the European Central Bank made money lending a little easier by lowering their interest rate. They also committed to…