Commentary for Friday, Dec 27, 2013 – Gold closed up $2.00 at 1216.10 and while higher over several days the small higher number was somewhat disappointing considering the dollar was weaker Friday and oil was higher. Still gold has held above $1200.00 which is fair considering we saw an intraday low…
Australia’s Lunar Gold Coin series is a fun and valuable collection. It has been prized by collectors since it debuted, and it continues to increase in value as demand for the coins have increased. Should the Lunar Gold Coin series be part of your precious metal collection? Here is what…
If you’re looking for a fun hobby that could help you earn some money, you might consider collecting precious metal coins. If you do, it’s only a matter of time before you hear fellow collectors talk about the Morgan silver dollar. Named after its designer, George T. Morgan, the Morgan…
Commentary for Monday, Dec 23, 2013 – Gold closed down $6.70 at $1198.40 (so again under the important $1200.00 level) in what appears to be simple bookkeeping into the Christmas holiday. Trading all day was uninspired as the holiday season becomes more important. Gold sentiment remains subdued as we are…
Commentary for Friday, Dec 20, 2013 – Gold closed up $10.10 at $1205.10 in a pop-back move which some see as an important regaining of the $1200.00 level but what I think is just a small short covering bounce going into the weekend. The important metric to be seen relative to…
Commentary for Thursday, Dec 19, 2013 – So gold finally reacted to the taper announcement in a big way off $41.10 at $1195.00. The sell-off began in the overnight Hong Kong market with London being relatively flat and further weakness seen in the domestic gold market. Today’s close ($1195.00) is the…
Broadly and historically speaking, recessions crush assets. Depending on the cause of the recession and the nature of an individual’s investment portfolio, he could lose the vast majority of his wealth. Investing in gold is one way to safeguard your assets from being squeezed so harshly under poor or uncertain…
Commentary for Wednesday, Dec 18, 2013 Gold finally closed up $4.90 at $1236.10 but the paper and physical market activity both before and after the close were surprisingly quiet. The Federal Reserve move concerning tapering was small moving its current largess from $85 billion a month to $75 billion a…
Commentary for Tuesday, Dec 17, 2013 GoldDealer – Gold closed down $14.30 at $1231.20 waiting for FOMC information about possible changes in the quantitative easing program. Gold weakness began in the overnight Hong Kong and London markets and carried through in the domestic action but I would describe this move as…
Are you considering starting a coin collection? Collecting gold and silver coins is not only a fun hobby, but it can also be a great investment in your future. Coin collecting can be lucrative, especially when you work with a reputable coin dealer. Although learning the coin market can take…