Commentary for Tuesday Sept 3, 2013 – Gold closed higher today up $15.90 at $1412.00 after seeing a sell off in thin overseas trading which pushed prices as low as $1375.00. Helping this move was the Syrian crisis and positive manufacturing gains in China. So we are once again looking at…
Commentary for Friday Aug 30, 2013) – Gold closed down $16.80 at $1396.10 so we have given up the important $1400.00 level and on the week gold gained a meager $0.40 but on the month we are up $84.00. Silver was down $0.63 at $23.46 in what looks like simple…
Commentary for Thurs Aug 29, 2013 – Gold closed down a tepid $5.70 at $1412.90 and while the mainstream financial press is now cooling off towards the Syrian action I would not be in such a hurry. The US will do something and it will have consequences so just because…
Commentary for Wed Aug 28, 2013 (www.golddealer.com) – Gold closed down a quiet $1.60 at $1419.00 after trading higher ($1432.00) in overnight markets. At $1419.00 we are still hovering around 3 ½ month highs as world markets hold their breath waiting for the presumed US coalition response because of Syria’s…
Commentary for Tuesday Aug 27, 2013 – Gold closed up big today up $27.60 at $1420.00 the highest close since May 14th. Although President Obama has yet to make a decision, Secretary of State Kerry yesterday had stern words for the Syrians claiming it was “undeniable” that they used chemical weapons.…
Commentary for Monday Aug 26, 2013 (www.golddealer.com) – Gold closed in loudly quite trading down $2.70 at $1393.00 so its big push above the 100 day moving average ($1370.00) and the follow through in overseas trading above the $1400.00 mark turned a roar into a whimper at least for the…
Coin collecting is a popular hobby in America and around the world. This hobby is not only fun and historically educational, but it also makes for a decent investment strategy. There is more to coin collecting than simply hoarding old pennies and quarters, however. If you are thinking about starting…
Commentary for Friday Aug 23, 2013 (www.golddealer.com) – Gold was flat in early trading but popped higher up $24.50 at $1395.70. The strong move in gold is related to the weakness in the dollar when home sales disappointed. The reasoning being that traders figure if home sales disappoint the chances…
Commentary for Thursday Aug 22, 2013 (www.golddealer.com) – Gold closed up $0.60 today at $1371.20 after failing another attempt at higher levels reaching $1381.00 encouraged by positive purchasing manager numbers from China and Europe. So no fizz in this drink even though the Fed wants to stay the course and…
Commentary for Wednesday Aug 21, 2013 (www.golddealer.com) – Gold closed down $2.50 at $1370.60 after recovering from an early trading day sell off over possible outcomes from the Fed meeting in Jackson Hole. So gold in the short term seems range bound covering a whopping $13.00 over the past 5…