Commentary for Tuesday, July 23, 2013 – Gold was down mildly off $1.30 at $1335.10 and so experienced some psychological letdown after the big move to the upside of more than $40.00 yesterday. Everyone was banking on perhaps a large follow through supported by increased Asian gold buying…but it did not…
Commentary for Monday, July 22, 2013 – Gold moved dramatically higher first in the overnight market and then domestically up $43.10 and closing well above the much talked about $1300.00 level (for the first time in a month). So this continued upward pressure on gold prices after revisiting the $1211.00…
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Commentary for Thursday, July 18, 2013 – Gold closed higher today up $6.70 at $1284.60 apparently liking the way our Fed Chairman is handling questions about the improving US economy in front of the US Senate. What a great venue, Bernanke knows what he is trying to accomplish and for the…
Commentary for Wed, July 17, 2013 – Gold closed down $12.90 today at $1277.90 so the threat to move above $1300.00 has vanished and the expected profit taking is now figured into the deal. The Chairman’s comments walked the line nicely between hawkish and dovish as he asserted his view that…
Commentary for Tuesday, July 16, 2013 – Gold closed again a bit higher today up $7.00 at $1290.80 and the dollar was a bit weaker. Gold has had a positive attitude since it bottomed out in late June at around $1200.00 so technically the picture is improving and supported by some…
Commentary for Monday, July 15, 2013 – Gold closed up $6.00 at $1283.80 in late market action probably reacting to weaker than expected US economic news but I still believe this market is just marking time. Gold is certainly more optimistic these days but with Chairman Bernanke speaking again this…
Commentary for Friday, July 12, 2013 – Gold closed down $2.30 at $1277.80 going into the weekend in quiet trading after a decidedly upward week (plus $65.00). This market was helped by comments mid-week by Chairman Bernanke countering the most recent talk of early tapering and reinforcing his patented “highly…
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The question of what is reportable when buying or selling precious metals is the most popular of all investor questions today at California Numismatic Investments (www.golddealer.com). And as you can tell by the title this commentary is our third revision at understanding what the government had in mind when “reporting”…