Commentary for Wednesday, July 16, 2014– Gold closed higher today by $2.70 at $1299.60 in a classic “market hangover” bounce. After two serious days of losses this week on Monday and Tuesday (combined read minus $40.10) we saw some mild covering which resulted in a $2.70 gain. I was hoping…
Commentary for Tuesday, July 15, 2014 – Gold closed down $9.40 today at $1296.90 so we did see some follow through from yesterday’s $30.70 loss. So it goes without saying the bulls are not happy. Gold was moving slightly higher in overnight trading trying to get on its feet and…
In the world of precious metal investments, there’s more than just gold, silver, and platinum. If you want to diversify your precious metal portfolio, we highly recommend rhodium. Used in everything from jewelry and mirror finishes to electronic connections and aircraft turbine engines, rhodium is a highly valuable precious metal.…
Commentary for Monday, July 14, 2014 (www.golddealer.com) – Gold closed down $30.70 at $1306.30 so physical players were not smiling today despite elevated turmoil in the Middle East. But before we jump out the collective window remember that gold over the past 6 weeks moved higher by $94.00. The dollar…
Commentary for Friday, July 11, 2014 (www.golddealer.com) – Gold closed off $1.70 at $1337.00 today as talk focused on comments from Federal Reserve insiders as to when an interest rate hike might be in the cards. I suspect they will stay the “low interest rate course” (an emergency mode) until…
Commentary for Thursday, July 10, 2014 (www.golddealer.com) – Gold closed up $14.90 at $1338.70 and with yesterday’s $7.80 move into higher ground traders should be paying attention. In today’s action to the upside gold opened higher in New York and stayed there all day – showing the solid buying follow…
Owning gold and silver is one thing; storing your precious metals is quite another. As more and more individuals like you take part in this modern-day gold rush, the question of where and how to store one’s precious metals arises. Fortunately, California Numismatic Investments offers independent precious metal storage that…
Commentary for Wednesday, July 9, 2014 (www.golddealer.com) – Gold closed up $7.80 at $1323.90 as escalating tensions in Israel added to problems in Ukraine and Iraq. The overnight Hong Kong and London markets were narrowly traded and quiet. The Dollar Index is only slightly lower around 80 for the last…
Commentary for Tuesday, July 8, 2014 (www.golddealer.com) – Gold closed down $0.50 today at $1316.00. It was generally higher in overnight Hong Kong and London trading – a trend which continued into early domestic trading but broke down early on – moving from over $1324.00 to $1314.00 in a matter…
Precious metal prices have been rising significantly over the past decade, but that’s not the only reason to invest in gold, silver, platinum, or any other precious metal. In today’s volatile and unstable global economy, you need the safety and security that physical precious metals provide. California Numismatic Investments can…