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…
Commentary for Wednesday, Jan 8, 2014 – Gold closed down $4.10 at $1225.30 and saw lows of the day at $1219.00 on improving payroll data from ADP which showed 238,000 new jobs. Gold still hovers above last year’s low close of $1195.00 but there is little other than strong Asian buyers…
Commentary for Tuesday, Jan 7, 2014 – Gold closed down $8.40 at $1229.40 so we are seeing profit taking and more technical correction. Metals saw some selling pressure during the day as the November trade deficit fell to the lowest level in 4 years ($34.3 billion). The improving trade deficit was…
Platinum has long been a prized precious metal for its beautiful appearance and durability. However, as any jewelry lover or precious metal collector can attest, platinum is expensive. Palladium looks like platinum but costs far less. As you invest in precious metals, it is important that you understand the distinctions…
Commentary for Monday, Jan 6, 2014 – Gold closed virtually unchanged today down $0.60 at $1237.60. There was a severe dip in early gold trading but the markets quickly recovered. Here is what Wyckoff (Kitco) made of what looks like an aberration: “An erroneous, or so-called “fat-fingered” trade in Comex gold…
Commentary for Friday, Jan 3, 2014 – Gold closed up $13.50 at $1238.40 so some follow through from yesterday’s gain and further attention. Metals eased into higher territory and moved steadily higher all day long. It was like a burst of short covering but with two days of advances mounting to…
Are you interested in dipping your toes into the precious metals market? If so, a great place to start is silver bars. 100oz silver bars are ideal for novice and seasoned investors for several reasons. This video explains. In this video, learn about the benefits of buying and selling 100oz…
Commentary for Thursday, Jan 2, 2014 – Gold closed up $23.10 at $1225.00 which is encouraging as we all wonder what price levels we will see in 2014. Last year gold took a drubbing down 28% and silver was down 35% so everyone is looking for more positive news. With such…
When you’re investing in precious metals or collectible coins, it is essential to have all the information you need to make a smart decision. A misstep can compromise your earning potential or even cause you to lose money on your purchase. Of course, the market can be complicated and is…
Commentary for Monday, Dec 30, 2013 – Gold closed down $11.00 at $1203.10 so not particularly encouraging into 2014 but we are holding on to the $1200.00 level (barely). The paper trading markets are very thin these last days of 2013 and this weakness is probably more a matter of…