Commentary for Wednesday, Feb 12, 2014 – Gold closed up $5.00 today at $1295.30 continuing to benefit from Yellen’s Congressional testimonial on Tuesday. This is the 6th day in a row we have seen strength in gold prices aided by short-covering and renewed physical demand from China. Gold now seems…
Silver is a popular investment choice for precious metal novices and veterans alike. One way people like to buy silver is in the form of Kennedy half-dollar coins. In this video, Ken Edwards, the Vice President of California Numismatic Investments, discusses the basics of 40% silver bags, or clad bags.…
Commentary for Tuesday, Feb 11, 2014 – Gold closed higher again today up $15.50 at $1290.25 and once again getting ready for a test of the important $1300.00 overhead resistance. Gold is up for the 5th straight session today and closed at the highest level this month. It was helped…
Investing in precious metals isn’t just a smart way to diversify your portfolio—it can also be a lot of fun. To maximize your investment potential, it helps to keep a close eye on the precious metals markets and base your decisions on data in real time. If you sign up…
Commentary for Monday, Feb 10, 2014 – Gold drifted higher once again Monday up $11.50 at $1274.80 and this makes for the highest number we have seen 2014. For the third straight week gold broke through $1270.00 and this time managed to hold the higher ground. So there is some tension…
Commentary for Friday, Feb 7, 2014 (www.golddealer.com) – Gold closed up $5.70 today at $1263.30 reacting to a number of cross-currents. The dollar was weaker on news that the January jobs number came in considerably under expectation. This is yet another sign that the economy might still be sluggish after…
Commentary for Thursday, Feb 6, 2014 (www.golddealer.com) – Gold finally closed up $0.30 today at $1257.80 after reaching highs of $1265.00 in earlier trading on comments from ECB President Mario Draghi that the European Central Bank remains “ready to take decisive action” when needed to help the European economy. Some…
Commentary for Wednesday, Feb 5, 2014 (www.golddealer.com) – Gold closed up $5.60 at $1257.30 after testing recent highs ($1273.00) so trading continues relatively nervous and cautious. ADP payroll numbers showed 175,000 new jobs last month which was less than the expected 189,000. Talk continues about reducing the Federal taper as…
Commentary for Tuesday, Feb 4, 2014 (www.golddealer.com) – Gold closed down $8.70 today at $1251.00 on a round of profit taking the notion that US stocks are settling after early loses these past several sessions. Factory orders indicate continued economic slowing down 1.5% from November’s 1.5% increase. All indications from…
Commentary for Monday, Feb 3, 2014 (www.golddealer.com) – Gold closed stronger today up $20.60 at $1260.40 helped by weaker equities and a weaker dollar. The ISM (Institute of Supply Management) index of manufacturing moved from 56.50 to 51.30. This move was a big surprise and fanned discussion by the bulls…