Commentary for Friday, May 23, 2014 (www.golddealer.com) – Gold closed down $3.30 at $1291.60 in another session of “who left the trading floor early”? On the week gold was down $1.70 and for what it’s worth everyone seems more worried about meat prices than gold prices. The bigger positive picture…
When you’re investing in precious metals, making judgments about the best times to buy and sell makes all the difference. There are many factors that come together to impact pricing. As you learn to navigate the precious metals market, keep an eye on the following factors to help gauge price…
Commentary for Thursday, May 22, 2014 (www.golddealer.com) – Gold closed up $6.90 at $1294.90 today reacting in news that unemployment insurance claims rose to 326,000. Expectations were for a lower number (312,000) and so pundits claim that such news makes it more difficult to continue with the Federal tapering program.…
Commentary for Wednesday, May 21, 2014 (www.golddealer.com) – Gold closed down $6.50 at $1288.00. So consider a stronger stock market, a stronger dollar and most likely the anticipation of the FOMC (Federal Open Market Committee) information. The actual minutes release after the close presented some surprises. The comments struck me…
Commentary for Tuesday, May 20, 2014 (www.golddealer.com) – Gold closed up $0.80 at $1294.50 and if you have not fallen asleep yet this is the third day in a row gold has closed up or down less than a dollar. Some believe the market is just stuck. Others think that…
Commentary for Monday, May 19, 2014 (www.golddealer.com) – Gold finished the day up $0.40 at $1293.70 after climbing higher in early trading ($1305.00) reacting to a slump in the dollar. The election in India also helped gold as the NDA (National Democratic Alliance) won and it is seen as a…
One-ounce silver rounds are an increasingly popular way for investors to buy silver. The rounds are not rare, so they go up and down in price alongside other forms of silver, and are an easy way to store silver investments. In this video, California Numismatic Investments explains what you’re getting…
Commentary for Friday, May 16, 2014 – Gold closed down $0.20 today at $1293.30 in a very quiet close to a very quiet week. This is odd in the sense that last week at this time the Russian/Ukraine situation was creating action and then as anticipation grows…nothing. And we continue in…
Coin collecting is a fun hobby for young and old alike. It’s easy to get started, but there are a few missteps that new collectors commonly make that could end up jeopardizing their collections down the line. If you’re new to coins, avoid these mistakes as you start building your…
Commentary for Thurs, May 15, 2014 – Gold closed down $12.20 today at $1293.50 which is disappointing but typical of a market which just can’t seem to hold on to higher ground. The US economic picture improves and today the weekly jobless claims dropped to its lowest level since May…