Commentary for Wednesday, Feb 26, 2014 – Gold closed down $14.80 today at $1328.20. For 12 of the past 14 days gold moved steadily higher and today we saw a round of profit taking. Helping the slide was a stronger dollar but it is significant that gold is still trading…
Commentary for Monday, Feb 24, 2014 – Gold closed up $14.40 at $1338.30 today reaching its highest level in 4 months and now challenging last year’s October high of $1350.00. A number of factors have pushed prices higher like the end of the Chinese New Year holiday, a weaker dollar, and…
Commentary for Friday, Feb 21, 2014 (www.golddealer.com) – Gold closed up $6.80 at $1323.90 making for the 3rd weekly advance moving an additional $79.00 over the previous two weeks. There are cross-currents however but it was encouraging to see recent advances sustain themselves. Of course higher prices encourage follow-through buying…
Though silver has been a popular commodity for millennia, the metal has recently enjoyed an uptick in investment demand. Part of the reason is because silver has more industrial applications than most other precious metals. If you’re interested in adding silver bullion to your precious metals portfolio, consider the following…
Commentary for Thursday, Feb 20, 2014 – Gold closed down $3.50 at $1317.10 is another round of mild profit taking. A loss for sure but it could have been worse against a stronger dollar and a round of positive economic news. The Flash PMI (Purchasing Managers Index) moved from 53.7 to…
While millions of people are interested in gold and silver, others are more intrigued by the lesser known precious metals. If you’d like to try something different, you might consider investing in a Baird rhodium bar. Rhodium is a rare and valuable metal that is gaining popularity among investors. Rhodium’s…
Commentary for Wednesday, Feb 19, 2014 (www.golddealer.com) – Gold closed down $4.10 at $1320.60 today in what appears to be another round of profit taking. This is the first time gold actually closed lower in the last ten trading sessions as its most recent rally pushed prices above the 50,…
Once people start collecting gold and silver coins, it quickly becomes a fun and even profitable hobby. To make the most of your coin collecting hobby, it’s important that you store your coins properly. Read on for a few quick tips on storing your gold and silver coin collection: Reduce…
Commentary for Friday, Feb 14, 2014 – Gold closed higher again into the weekend up $18.60 at $1319.00 so this makes for a higher market 8 days in a row. This renewed technical strength is promising and supported by Federal Reserve Boss Janet Yellen earlier in the week. Her continued support…
Commentary for Thursday, Feb 13, 2014 (www.golddealer.com) – Gold closed up $5.10 at $1300.40 finally regaining the important $1300.00 level in a long and drawn-out upward swoop which began in December of 2013. This is the seventh day in a row gold has moved higher and this above $1300.00 level…