Commentary for Thursday, Aug 14, 2014 (www.golddealer.com) – Gold closed up $1.10 today at $1313.90 and actually rallied as high as $1320.00 on war rumors but the rally fizzled and geopolitical issues once again move to the back burner. Also trader’s attention is more focused on the European business environment…
Walking Liberty Half Dollars are old, but they aren’t so old that it is excessively difficult to find at a quality coin dealer who carries them. Because Walking Liberty Half Dollars have been traded in volume for years, the pricing information is considered very reliable. Walking Liberty Half Dollars are…
Commentary for Wednesday, Aug 13, 2014 – Gold closed up $4.00 at $1312.80 and some claim this move was prompted by weaker than expected retail sales. I believe gold was stronger in reaction to China’s 9% annualized growth rate in industrial production which was coupled with their 12.4% retail sales…
Commentary for Tuesday, Aug 12, 2014 (www.golddealer.com) – Gold closed up $0.30 today at $1308.80 after at least some fighting between the bulls and bears. After gold’s big move from $1288.00 to $1308.00 on the 6th of August this market looked like it was good for a dramatic technical comeback…
A bullion coin is a coin made of precious metal that is kept as an investment or store of value instead of being used for daily commerce. Bullion coins typically sell above the market price of the metal on the commodities exchanges because of their small size and the cost…
Commentary for Monday, Aug 11, 2014 (www.golddealer.com) – Gold closed down $0.40 today at $1308.50 in very quiet trading. With the Kurds now being armed – another uneasy cease fire in Gaza and Putin looking for an excuse relative to Ukraine you would think there would be more action in…
Commentary for Friday, Aug 8, 2014 (www.golddealer.com) – Gold finally moved down $1.90 at $1308.90 after trading higher over increased Russian tension and US airstrikes into Iraq. As traders saw that the Iraq airstrikes were limited in nature and the Russians ended their military exercises on the Ukrainian boarder the…
Commentary for Thurs, Aug 7, 2014 – Gold closed up $4.10 today at $1310.80 after trading relatively flat overnight holding the $1305.00 level. Yesterday’s rise in gold happened because there was talk of pushback over further Russian sanctions. Here is what happened according to Forbes – “Russia has escalated an economic…
Commentary for Wed, Aug 6, 2014 (www.golddealer.com) – Gold closed up $22.70 today at $1306.70 which is amazing considering the dollar reached a 9 month high against the euro. Today gold was up big on the possibility of retaliation by the Russians over sanctions. I guess the idea being that…
Investing in rare coins sold at your local precious metal dealer is a great way to preserve your wealth. Rare coins do not have the same risk as many other investments, but only if you know how and when to buy rare coins. Here are some tips for investing in…