Commentary for Wednesday, April 30, 2014 – Gold closed virtually unchanged today off $0.40 at $1295.60. A look at 1st quarter Gross Domestic Product was a surprise today. Expectations were for a 1.1% advance but the number came in at only up 0.1% (attributed to bad weather). This may have…
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Commentary for Tuesday, April 29, 2014 – Gold closed down $2.90 today at $1296.00 in a market which failed to produce any buzz what so ever. You could say it’s waiting on the FOMC information this week but then again it could be that everyone just fell asleep. LONDON, April…
Commentary for Monday, April 28, 2014 – Gold closed down $1.90 today at $1298.90 in a market which had a small downward bias in Hong Kong and London then sold off domestically but recovered nicely before trading was closed for the day. In this price mix pending home sales came…
Commentary for Friday, April 25, 2014 (www.golddealer.com) – Gold moved up $10.20 today at $1300.70 as Putin ramps up the rhetoric claiming “crimes have been committed” and President Obama returns the favor with his own type of fire brand. Both leaders should be careful what they claim because it is…
Coin collecting is a popular and rewarding pastime enjoyed by people of all ages. As many people have realized over the years, coin collections can also be valuable investments if properly curated. If you are new to the coin collecting community and would like to learn how to compile a…
Commentary for Thursday, April 24, 2014 (www.golddealer.com) – Gold finally moved higher by $6.30 today closing at $1290.50. In early trading however the market was volatile as short paper traders pushed support lower at one point trading as low as $1268.00. The only reason gold would move between a low…
Commentary for Wednesday, April 23, 2014 (www.golddealer.com) – Gold moved up $3.60 today closing at $1284.20 in quiet action within a short $8.00 trading range. Most traders are waiting for the other shoe to drop but gold did hold the important 100 day moving average ($1277.00). Aggressive sellers may drop…
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Commentary for Tuesday, April 22, 2014 – Gold closed down $7.40 today at $1280.60 so we continue to test support with lows on the day being $1279.00. Traders will now watch gold’s 100 day moving average ($1277.00) for short-term clues but it might be a mistake to think that recent weakness…