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…
Commentary for Wed, Sept 3, 2014 (www.golddealer.com) – Gold closed up $5.20 at $1268.90 in what looks like a short-covering bounce – but there were a few significant buys at these lower levels across the counter – so new recent lows have attracted attention. Not yesterday when the significant technical…
Commentary for Tuesday, Sept 2, 2014 (www.golddealer.com) – Gold moved down $22.10 at $1263.70 reacting to a very strong dollar and lower oil prices. This from CNN Money – “Simply put, a healthy dollar makes it cheaper for U.S. consumers to buy imported goods. It also gives American travelers more…
With a certified silver purity of .9999 by the Royal Canadian Mint, the Canadian Silver Maple Leaf is the highest purity silver coin ever struck by a government mint. These beautiful coins bear a single maple leaf on the reverse and a sculpture of Queen Elizabeth II on the obverse.…
Commentary for Friday, Aug 29, 2014 (www.golddealer.com) – Gold closed down $2.90 at $1285.80 initially moving to as high as $1292.00 over the Russian incursion but as fears abated trading moved to book-squaring ahead of the long weekend. On the brighter side gold did close above its 200 Day Moving…
Commentary for Thurs, Aug 28, 2014 – Gold closed up an unimpressive $6.80 at $1288.70 as the Russians argue over who owns the military equipment which has crossed the Ukrainian boarder. One thing is sure – the US Security Council thinks enough about the incursion to call an emergency meeting. What…
It’s hard to believe that coins with such small face values can be worth so much to collectors, but the fact remains that rare coins are one of the best investments you can make. Exceptionally rare coins such as the 1774 “flowing hair silver dollar” that recently sold for $10…
Commentary for Wed, Aug 27, 2014 (www.golddealer.com) – Gold closed down $1.90 at $1281.90 in continued sleepy summer trading. Gold again traded nearly flat in the overnight Hong Kong and London markets – slightly above and below the $1285.00 mark. This short trading range ($5.00) continued into the domestic market…
Commentary for Tuesday, Aug 26, 2014 – Gold closed up $6.50 at $1283.80 in what looks like a simple technical rebound. Traders may be covering short positions and taking a profit but this does not look like bargain hunting to me. Gold is coming off a $26.00 dollar loss last…
Gold coins are an excellent investment. Not only do gold prices continue to rise, but bullion gold coins are immediately liquid and easy to buy or sell. If you are investing in gold coins for the first time, you are probably wondering how to keep your new coins safe. You…