Commentary for Tuesday, Nov 12, 2013 – Gold closed down $9.80 today at $1271.10 and if you look at the 60 day chart I don’t like the developing head and shoulders pattern which might mean we will test further lows before year end. But again this market is so wonky…
Commentary for Thursday, Nov 7, 2013 (www.golddealer.com) – Gold closed down $9.30 at $1326.00 after being higher by $10.00 in early trading. The ECB (European Central Bank) was at the heart of all this theater unexpectedly moving interest rates lower (0.5% to 0.25%), and then the first look at 3rd quarter…
Commentary for Wednesday, Nov 6, 2013 (www.golddealer.com) – Gold closed up $9.70 at $1317.70 as the dollar reconsiders recent gains and traders wonder what is really happening in Europe. Tomorrow the European Central Bank is expected to announce changes in recent monetary policy. Most expect a more accommodative stance (read…
Starting a gold coin collection isn’t just a great way to interact with history; it can also be a smart investment. However, that investment could be seriously compromised if you fail to store your collection properly. Before you get serious about gold coin collecting, you should research the various storage…
Commentary for Monday Nov 4, 2013 (www.golddealer.com) – Gold closed up $1.50 today at $1314.60 so we continue in a sideways pattern but defensive and today’s support came in over what looks like some bargain hunting and short covering. So we remain guessing but the Federal Reserve seems fairly content…
Commentary for Friday Nov 1, 2013 (www.golddealer.com) – Gold closed down $10.50 today at $1313.10 and with the daily and weekly trend higher for the dollar I am surprised we did not see more damage. While gold was off $39.00 on the week we have also seen recent previous weekly…
Commentary for Thursday Oct 31, 2013 (www.golddealer.com) – Gold closed down $25.60 today at $1323.60 in a kind of convoluted reaction to a number of factors: dollar strength created by less than dovish FOMC talk which pushed the dollar higher and profit taking from the paper sector, gold being up…
Commentary for Wed Oct 30, 2013 (www.golddealer.com) – Gold closed up $3.80 at $1349.00 trading as high as $1360.00 on the day which is impressive given the strength in the dollar. So the Fed will not change the quantitative easing policy until they have more economic information (?). A decision…
Commentary for Tuesday Oct 29, 2013 (www.golddealer.com) – Gold closed down $6.80 today at $1345.70 in lackluster trading. Economic news still disappoints as retail sales and consumer confidence move lower with September showing the single largest drop in signed home sales in 40 months. Producer prices are also heading in…
At California Numismatic Investments (CNI), we know that investors like to have as much control over their investments as possible. One way in which we seek to give our patrons this luxury is through our phone order placement option. After checking the current buy and sell prices on our website,…