Commentary for Fri, June 13, 2014 – Gold closed virtually unchanged today up $0.10 at $1273.70 and overnight trading in Hong Kong and London were also flat as a pancake so the worsening situation in Iraq does not seem to hold much sway with gold. Oil prices are firmer –…
Whether you’re investing in a certain coin as a collector or buying precious metals as an investor, it’s natural to have questions about your choices. Even seasoned collectors and investors struggle sometimes with confidence in their purchases. Are you buying the right coin? Is your precious metal moving up in…
Commentary for Thurs, June 12, 2014 – Gold closed up $12.80 today at $1273.60. The rise in gold’s price today was primarily safe haven buying caused by the increasing tension in Iraq. Traders gave the entire region a pass yesterday but today are beginning to worry that the ease in…
If you want to add platinum to your investment portfolio, American Platinum Eagle coins are a great place to start. These relatively new coins are the only platinum coins whose weight, content, and purity are backed by the U.S. government. Is the American Platinum Eagle the right coin for you?…
Commentary for Wed, June 11, 2014 (www.golddealer.com) – Gold closed up $1.00 today at $1260.80 after a somewhat muted rally took prices as high as $1265.00 before losing steam. Still this is the highest level we have seen for gold in the last two weeks. This type of action would…
Commentary for Tuesday, June 10, 2014 (www.golddealer.com) – Gold closed up $6.30 at $1259.80 on a short-covering bounce today despite a stronger dollar. But the mood on the floor continues to be very lackluster – so the bears and bulls are now tired. This from Ed Steer (Gold and Silver…
Commentary for Monday, June 9, 2014 (www.golddealer.com) – Gold closed up $1.40 today at $1253.50 in another round of lackluster trading. The range remains tight (last week gold was up $7.00 and silver was up $0.31) so record equity markets create substantial headwind for the precious metals. Still the physical…
When you invest in precious metals, timing is everything. Getting the best prices for buying and selling your metals can mean big differences in your returns. Keeping up with constantly fluctuating prices can be challenging, but the Precious Metal Prices app is changing all of that. Now, real time information…
Commentary for Friday, June 6, 2014 – Gold closed down $0.90 at $1252.10 and with no follow through pricing action after yesterday’s Draghi enlightenment I would say floor traders are now falling asleep. This type of price action is always blamed on “lack of fresh news” – but in this…
Commentary for Thurs, June 5, 2014 – Gold closed up $9.00 at $1253.00 on Draghi’s ECB commentary meaning it was interpreted as more of the same lose money policy which is nothing new in Europe. The ECB President promised some time ago that a “summer surprise” was in the making…