Commentary for Monday, July 7, 2014 (www.golddealer.com) – Gold closed down $3.60 at $1316.50 and so remains in a relatively flat trading channel dating back to mid-June. Overnight the Hong Kong and London trade was fairly tight ($1312.00/$1316.00) and domestic pricing closed on a firm note above the $1316.00 mark.…
Commentary for Thursday, July 3, 2014 (www.golddealer.com) – Gold closed down $10.30 at $1320.40 on expected profit taking. And higher than expected job creation (288,000) coupled with a lower unemployment rate (6.1%) is the kind of economic news which makes gold bears certain that quantitative easing will continue lower. They…
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Commentary for Wednesday, July 2, 2014 – Gold closed up $4.30 at $1330.70 so a virtual repeat of yesterday’s action. We are now approaching – with little fanfare – 2014 highs for gold ($1379.00). The gold market seems steady with very close trading in the overnight Hong Kong and London…
In 2008, the world faced an unprecedented financial meltdown which destroyed trillions of dollars in savings. Gold owners had predicted such an outcome since the early 1970’s, but this financial collapse reenergized the world’s interest in precious metal investments. Why gold? For starters, gold is virtually inflation-proof. Gold is also…
Commentary for Tuesday, July 1, 2014 (www.golddealer.com) – Gold closed up $4.60 at $1326.40. The overnight market in Hong Kong and London wandered in a tight range ($5.00). Again the 30 day chart is worth a peek – technically the bulls are in charge. The generally higher price pattern began…
Commentary for Monday, June 30, 2014 (www.golddealer.com) – Gold closed up $2.80 today at $1321.80 in quiet trading but there was a pop in prices (plus $8.00) just after the close. There seems to be a bit of pattern trading at play here as the overnight Hong Kong and London…
Commentary for Friday, June 27, 2014 (www.golddealer.com) – Gold closed up $2.60 going into the weekend at $1319.00. So the support above the important $1300.00 levels seems to be holding up – but I would like to see more conviction in this current trading range. Gold held a tight trading…
Palladium is a relative newcomer to the precious metals market. Its mining history is short compared to other metals, but it is taking off in value. Investors are choosing palladium in large numbers because of its multiple uses and seemingly bright future. However, many people still have a lot of…
When it comes to investing in precious metals or rare coins, you have many options. However, not all companies are created equal. Too many times, customers find themselves faced with a lack of support at best and unscrupulous companies at worst. California Numismatic Investments is different. For more than 30…