Commentary for Thursday Oct 10, 2013 – Gold like Congress was all over the place today. It finally closed down $10.30 at $1296.60 under the important $1300.00 level. Yesterday’s low was $1295.00 and we are range trading so this close is not critical but a break below $1285.00 would not…
Individuals who are looking to invest in gold sometimes have difficulty choosing what type of bullion to purchase. The two main forms of investment gold are bars and coins. Overall, neither form has a substantial advantage over the other, and your choice will largely be determined by how much gold…
Commentary for Wednesday Oct 9, 2013 (www.golddealer.com) – Gold closed off $17.50 today at $1306.90 so weaker but still holding above the $1300.00 level after moving as low as $1295.00 before reversing direction. Gold does not act like it is worried about the debt problem but keep in mind this…
Commentary for Tuesday Oct 8, 2013 (www.golddealer.com) – Gold closed down $0.60 today at $1324.20 on day 8 of the government shutdown. The back and forth in Washington does not seem to bother the Chinese gold import plan: July 113 tons and August 110 tons. Also note that Chinese gold…
Commentary for Monday Oct 7, 2013 (www.golddealer.com) – Gold closed up $15.10 at $1324.80 in reaction to the money stalemate in Congress but is still below its 100 day moving average ($1337.00) so no party hats as yet but a few larger gold buyers have surfaced. And no apparent agreement…
Commentary for Friday Oct 4, 2013– Gold closed down $7.70 into the weekend at $1309.70 in quiet trading which was off $28.00 on the week. Trading ranges have been tight, rumor driven and generally paranoid because the government continues to argue over money allocation. Actually this indecision in gold might…
In today’s volatile economic climate, investing in stocks, bonds, and futures is a risky business. The market can fluctuate a great deal, and even former blue chip stocks no longer provide investors with the stability and security that they once did. Precious metals like the Austrian 100 Corona are becoming…
Commentary for Thursday Oct 3, 2013 – Gold closed choppy down $3.20 at $1317.40 so holding the important $1300.00 level but where is the conviction? Want the secret answer to our government spending problems? Print more and spend more…it makes everyone happy! Gold did trade as low as $1302.00 but…
Commentary for Tuesday Oct 1, 2013 – Gold closed down $40.50 to $1286.00 over a number of factors including the beginning of the federal shutdown. What was interesting today is the confirmation that markets tend to move in the direction that surprises the biggest number of participants. So much for…
Commentary for Monday Sept 30, 2013 – Gold closed down $11.90 at $1326.50 and while some of the trade thinks this is related to the government funding problems I think it’s more related to a technical correction. Supposedly this is the first real shutdown in 17 years but this Congressional…