Commentary for Tuesday, Jan 21, 2014 – Gold closed down $9.40 at $1242.30 today in a round of profit taking. We are off to a good start price wise in 2014 but it is too soon to call a bottom. The most recent 5 week rise in prices may be…
It’s a common misconception that investing in gold bullion is the sole purview of the uber-wealthy, such as royalty. In fact, owning gold bullion is a sound financial strategy for people from all walks of life. Talk to a precious metal dealer about purchasing gold for your own portfolio and…
Commentary for Friday, Jan 17, 2014 – Gold closed up a nice $11.70 today at $1251.70 as consumer sentiment moves lower. The technical picture for gold short-term is improving as it moved above it 50 day moving average ($1243.00). We are also seeing numbers from housing that may give pause…
Commentary for Wednesday, Jan 15, 2014 (www.golddealer.com) – Gold closed down $7.10 at $1238.10 and if you were looking for buying interest above the 50 day moving average you are in the wrong place. Today PPI (Producer Price Index) was announced up 0.4% in December which is the biggest move…
Commentary for Tuesday, Jan 14, 2014 (www.golddealer.com) – Gold closed down $5.70 at $1245.20 in an expected round of profit taking as a modest run which saw prices as high as $1255.00. This close is slightly below gold’s 50 day moving average ($1247.00) but I would not read much into…
The price of shares of stock in a company is directly related to how much profit that company is making and investors’ behavior on the market each day. If a company goes out of business, all the stock that shareholders own becomes worthless. Many people today are investing in gold…
Commentary for Monday, Jan 13, 2014 – Gold closed up $4.20 at a very reasonable $1250.90 as some commentators claim a short covering rally or bargain hunting. I don’t know about that because this market still looks directionless and because of that still subject to volatile swings one way or the…
If you’re a serious precious metals investor or coin collector, you know how important it is to track the market. The market is always fluctuating, and to get the best deals, you have to be ready to respond. With the Gold Bullion and Coin Prices Android app, you can have…
Commentary for Friday, Jan 10, 2014 – Gold closed higher today up $17.40 into the weekend at $1246.70. A nice move not so much as a pure number but what I call a relief pop to higher ground. The technical picture is still a mess so who knows what will pan…
Commentary for Thursday, Jan 9, 2014 – Gold closed up $4.00 to at $1229.30 in continued consolidation but going out of its way as far as non-commitment is concerned. Still we are trading above significant support and I suppose with my Christian nature I should be grateful. And the ECB today…