By Blanchard and Company, Inc …… The rising price of oil is a concern for many Americans. The average price of a gallon of gasoline reached an all-time high just weeks ago. Oil is becoming more expensive for three reasons: Demand is rising as the economy continues to return to normal as the country learns […]
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Gold Market Commentary for Tuesday, May 15, 2018 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closed down $27.60 at $1288.90. The reasonably long standing fight between the bulls and bears was finally decided by the dollar – the bears won. The Dollar Index moved from a low of 92.65 […]
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Commentary for Monday, March 5, 2018 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closed down $3.00 at $1318.10. This should tell you that gold traders remain confused – gold moved higher by $18.20 on Friday as President Trump threatened tariffs. Typically tariffs are inflationary in that they keep cheap […]
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Commentary on Gold Market for Wednesday, February 14, 2018 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold Market closed up $27.40 at $1355.50. Prices jumped higher today after early trading opened flat then lost $10.00 in value. This big reversal is the result of higher than expected inflation news – […]
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Commentary for Wednesday, January 31, 2018 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closed up $3.60 today at $1339.00 – not bad – we did sell off a bit on the close after reaching above $1344.00 on the day but this was probably the result of “nothing new” […]
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Commentary for Friday, January 25, 2018 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closed up $6.50 today at $1362.40 which makes for a new yearly high. After yesterday’s large pop to the upside ($20.20) the gain today is a nice follow through – momentum always counts in this market. […]
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Commentary for Thursday, January 11, 2018 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closed up $3.20 at $1320.60. So gold continues to make some noise – most of today’s higher number is follow through from yesterday’s gain – pricing held steady between $1320.00 and $1321.00 but considering the big […]
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Gold Markets Commentary for Monday, December 18, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold Markets closed up $7.90 today at $1262.20. Once again it is surprising that gold pushed into higher ground from the opening – finally seeing resistance at the $1265.00 level. It is difficult to […]
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Commentary for Monday, September 18, 2017 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closed down $14.10 at $1306.30 today. Gold markets broke down in the overnight Hong Kong and London markets and continued weak on the domestic side. Everyone was watching the important $1320.00 line in the sand […]
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By Everett Millman – Gainesvillecoins.com …… The precious metals were higher again on Tuesday, buoyed by a continued slump for the U.S. dollar. Spot gold was trading above $1,240/oz in the morning, more than 0.5% in the green. The Platinum Group Metals were slightly above unchanged. Spot silver added 11¢ (almost 0.7% higher) to reach […]
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By Everett Millman – Gainesvillecoins.com …… For generations, India has been known as one of the world’s primary sources of gold demand. However, last year its gold imports fell off considerably due to a variety of new policies by the Indian government regarding gold ownership, taxation, and even the supply of paper money in the […]
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By Everett Millman – Gainesvillecoins.com …… For generations, India has been known as one of the world’s primary sources of gold demand. However, last year its gold imports fell off considerably due to a variety of new policies by the Indian government regarding gold ownership, taxation, and even the supply of paper money in […]
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Commentary for Tuesday, June 27, 2017 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closed up $0.50 today at $1,246.90 in what turned out to be an uneventful day. The domestic market opened higher ($1,250.00) – moved off that high and settled with no buzz on lows for […]
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Commentary for Tuesday, May 16, 2017 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closed up $6.40 at $1,236.40 today. The gold market continues to attract minor attention – I say minor because most investors are still looking at stocks as investor “fear” has exited the theater. This is […]
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By Coinweek …. CoinWeek News Wire for May 5, 2017 Brain Food 1.) The Krugerrand: Half a century as a store of value The renowned Krugerrand – dubbed the world’s first, most successful and widely-traded gold bullion coin – this year celebrates 50 years since its first minting. It was mainly created to add value […]
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Commentary for Monday, May 1, 2017 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closed down $12.80 at $1,255.50 in another defensive round. It actually opened rather flat which has been the case lately – pitched higher and then reversed itself testing the $1,254.00 level before catching much of […]
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Commentary for Tuesday, February 27, 2017 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closed up $0.50 at $1,258.80 USD on Monday, which was a bit of a disappointment considering the early gold & silver market traded nicely above gold’s 200-Day Moving Average ($1,261.00) before settling almost unchanged. So […]
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Commentary for Tuesday, February 21, 2017 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closed virtually unchanged today down $0.20 at $1,238.90. It lost ground in early trading and at one point reaching $1,227.00 before turning around – gaining back its lost ground despite a strong Dollar Index which […]
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Commentary for Monday, February 6, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closed up $1.40 at $1,220.80 USD on Friday and is higher by $32.40 on the week. My concern last week over price follow-through remains in place but it is nice to see that gold has […]
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By Dr. Richard S. Appel – UniqueRareCoins.com …… When gold rose from its 1,046 low last December, it was accompanied by motivating articles written by a plethora of excited gold analysts. Many of them unequivocally stated that gold’s long, grueling Bear Market had ended, and a new great Bull Market had begun. One after […]
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Gold Bullion Markets Commentary for Wednesday, November 23, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closed down $21.90 at $1189.30. So we have breached the important support at $1200.00 – not exactly unexpected as we have been saying but time will be needed to see just how […]
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Gold Markets Commentary for Thursday, November 18, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closed down $8.00 at $1,208.50 USD today so on the week gold has lost $10.60 with a top to bottom spread of $15.50. This market continues weak as the dollar again moves higher […]
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Gold Markets Commentary for Monday, November 14, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closed down $2.80 today at $1219.10. Well so much for my feeling Friday that gold markets were oversold – I was sure we would see a bounce to higher ground today. The overnight […]
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Commentary for November 10, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closed down $10.40 today at $1264.90. Gold is weak today because the dollar is higher – the Dollar Index moved from 98.25 to 99.25 today before settling somewhat. So let me ask you a question What […]
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Commentary for Monday, November 7, 2016 (www.golddealer.com) ….. By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold price closed down $23.90 today at $1278.30 in a surprise move to the downside – giving up most of last week’s $30.00 advance. It’s true that gold price is softer and stocks rallied because […]
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Commentary for Friday, October 28, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closed up $7.30 today at $1272.30 and got a political kick in the pants in the aftermarket which pushed prices up another $7.00 looking at $1280.00. So just when you thought it was safe to […]
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Commentary for Thursday, October 27, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closed up $2.90 at $1,265.00. The overnight market in gold was generally supportive moving higher by a couple of dollars in both Hong Kong and London but the US market broke down that same few […]
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Commentary for Tuesday, October 4, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closes down $43.00 at $1265.20 in the biggest rout we have seen in 4 months. And like I said Monday – the mood has turned slightly pessimistic so let’s look at the moving averages – […]
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Commentary for Friday, August 12, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc…. Gold closed down $6.70 on the Comex today at $1335.80 – what a roller coaster ride this turned out to be. Gold moved dramatically higher in price on the open – at one time trading over $1354.00 […]
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Commentary for Friday, August 12, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc…. Gold closed down $6.70 on the Comex today at $1335.80 – what a roller coaster ride this turned out to be. Gold moved dramatically higher in price on the open – at one time trading over $1354.00 […]
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Commentary for Friday, February 5, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc…. Gold closed up $16.50 today on the Comex at $1350.30. This is the highest level gold has seen this week – the lowest close being 1319.30 – the spread being $31.00. The gold markets got a surprising […]
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Islamic Gold Dinar By Everett Millman – Gainesville Coins ……. One major development in the global gold market over the last decade has been the liberalization of gold ownership laws in China. This has opened up an incredible flood of new demand for precious metals from the world’s most populous country. There’s still another huge […]
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Commentary for Tuesday, May 3, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc…. Gold closed down $7.30 today on the Comex at $1287.40. This will disappoint the over $1300.00 crowd but there is a great deal going on and most of it is not obvious. It’s funny how fast […]
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Commentary for Thursday, April 7, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc…. Gold closed up $15.00 on the Comex today at $1228.00. This is starting to look like a ping-pong match – even though the dollar was flat. I wish this up-draft was a game-changer but my guess is […]
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Commentary for Monday, April 4, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc…. Gold closed down $1.90 today on the Comex at $1218.30. The overnight markets were very flat – gold traded within a $5.00 range in both Hong Kong and London and the domestic market moved between $1222.00 and […]
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Commentary for Friday, March 11, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc…. Gold closed down $12.20 on the Comex today at $1258.70 so it’s having second thoughts about Mario Draghi’s ECB decision yesterday to push “negative” interest rates. Actually today’s loss represents further profit taking in a market which […]
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Commentary for Thursday, March 3, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc…. Gold Markets closed up $14.00 on the Comex today at $1256.60. Well – what do you have here? Gold was flat in overnight trading both in Hong Kong and London – and opened flat to down in […]
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Commentary for Monday, February 29, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc…. Gold closed up $14.10 at $1233.90 on the Comex today. China claimed it would lower bank reserve requirements in an attempt to stimulate – which favors the fear that something is not right. But I just don’t […]
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Commentary for Thursday, February 11, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc…. Gold closed up $55.60 today on the Comex at $1250.30. This move was surprising and we reached a yearly high in the bargain. While things have been improving for the gold and silver markets since the beginning […]
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Commentary for Monday, February 8, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc…. Gold closed up $38.70 on the Comex today at $1196.50. This will get everyone’s attention because during the trading day gold actually moved above $1200.00 before settling lower. Still the peak for gold last year was $1302.00 […]
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Commentary for Wednesday, February 3, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc…. Gold Markets closed up $17.30 on the Comex today at $1144.60. A big move which came later in the trading session after gold had traded in the $1130.00 range for half the trading day. Gold market continues […]
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Commentary for Monday, December 7, 2015 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc…. Gold closed down $6.10 today on the Comex at $1076.40. Gold gave up about a third of its big gain on Friday – disappointing as this might have been the beginning of something larger. At any rate […]
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Gold Market Commentary for Monday, November 30, 2015 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc…. Gold closed up $9.80 on the Comex today at $1066.00. The gold market was generally higher from the opening trading upward from $1056.00 through $1069.00 finally settling somewhat lower than highs of the day at […]
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Commentary for Friday, November 6, 2015 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc…. Gold closed down $17.10 on the Comex today at $1087.60. This is actually above its lowest recent close of $1085.50 (August 5th) and while discouraging is still holding above is last summer’s low close. The price action […]
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Commentary for Tuesday, November 3, 2015 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc…. Gold closed down $20.80 on the Comex today at $1114.50. Gold’s price trading pattern today was similar to yesterday – it opened lower and continued weak throughout the Comex trading day – there was some temporary buying […]
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by Everett Millman for Gainesvillecoins.com……. The gold price briefly sank to a 3-week low in overnight trading as the gold market attempts to establish new support levels. The metal fell below the $1,150/oz mark as the week winds down on renewed expectations of a December rate hike from the Federal Reserve. While investors with a […]
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Commentary for Tuesday, October 6, 2015 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc…. Gold closed up $9.50 at $1146.90 on the Comex today – so we did not get the follow-through price action I wanted after the big Friday “pop” but we will settle for higher gold reacting to a […]
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Commentary for Thursday October 2, 2015 (www.golddealer.com By Ken Edwards and Richard Schwary of California Numismatic Investments Inc.…. Gold closed up $23.00 today on the Comex at $1137.10 – surprising everyone, especially the bullion trade. The big factor now supporting gold in the shorter term is the “miss” in the jobs data – 142,000 versus […]
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Commentary for Friday, June 5, 2015 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc…. Gold closed down $20.50 at $1152.40 today – a technical sell-off really, probably the result of a stronger dollar created by the Greece debacle. And the China stock market backdrop has everyone nervous – at one point […]
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Commentary for Monday, June 29, 2015 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc…. Gold closed up a modest $5.60 on the Comex today at $1178.50 – so a little excitement over the weekend and into domestic trading on Monday – very little. The overnight Hong Kong and London markets were […]
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Commentary for Wednesday, June 3, 2015 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc…. Gold closed down $9.40 on the COMEX today at $1184.70. Interestingly the dollar was weaker – the Dollar Index closed yesterday at 95.94 and it is now trading at 95.48. Under normal trading conditions this half point […]
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Commentary for Monday, May 11, 2015 (www.golddealer.com By Ken Edwards and Richard Schwary of California Numismatic Investments Inc…. Gold closed down $5.90 today on the Comex at $1183.20. There was some early upside movement after the announcement that China would cut its lending rate by a ¼% but their attempt at fine-tuning their staggering economy […]
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Commentary for Friday April 24th , 2015 (www.golddealer.com By Ken Edwards and Richard Schwary of California Numismatic Investments Inc…. Gold closed up $12.30 today on the Comex at $1186.80 and was good for a few bucks more in the aftermarket. The store also saw strong Asian interest today and the gold Exchange Traded Funds moved […]
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Commentary for Friday April 10th , 2015 (www.golddealer.com By Ken Edwards and Richard Schwary of California Numismatic Investments Inc…. Gold closed up $11.00 on the Comex today at $1204.60. This was the short-covering bounce I expected yesterday and more importantly gold was firm in the face of a stronger dollar. The dollar this week was […]
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Commentary for Wednesday April 8th , 2015 (www.golddealer.com By Ken Edwards and Richard Schwary of California Numismatic Investments Inc.……… Gold closed down $7.50 at $1203.10 and the minutes of the latest Federal Open Market Committee are released to the public. The FOMC continues to mule over our current economic recovery. But you might think that […]
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Commentary for Wednesday April 1st , 2015 (www.golddealer.com By Ken Edwards and Richard Schwary of California Numismatic Investments Inc.……… Gold surged today up $25.00 on the Comex to close at $1208.10. This was a surprise even to insiders – although there has been some positive talk as the technical price picture for gold improves. The […]
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Commentary for Wednesday March 4th , 2015 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc.……… Gold closed off $3.70 on the Comex today at $1200.60 as the dollar surged against the euro. The Dollar Index numbers are impressive trading from a low of 95.32 to a high of 96.06 and finally […]
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Commentary for Wednesday March 4th , 2015 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc.……… Gold closed off $3.70 on the Comex today at $1200.60 as the dollar surged against the euro. The Dollar Index numbers are impressive trading from a low of 95.32 to a high of 96.06 and finally […]
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Commentary for Friday February 6th, 2015 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc.……… Gold closed down $28.40 at $1233.90 on the Comex today but flattened out into “steady” to slightly higher in the aftermarket as the dollar headed for higher ground. Gold took a vacation this morning as the government […]
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Commentary for Friday January 30th, 2015 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc.……… Gold on the Comex closed up $23.90 at $1278.50 recovering from yesterday’s classic overreaction to the possibility of a Fed interest rate hike sooner than later. The bounce to higher ground provided relief to the bulls and […]
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Courtesy of Everett Millman and GainesvilleCoins.com ………. ABSTRACT: Increased volatility on the markets continued as this week was full of surprises, reversals, and unpredictable currents. The Swiss National Bank’s abrupt departure in monetary policy that unpegged the Swiss franc from the euro had the greatest immediate effect on the markets, but a disquieting uncertainty now […]
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Commentary for Thursday January 15th, 2015 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc.……… Gold on the Comex today closed up $30.30 at $1264.70 with a slightly weaker aftermarket. It was quiet in overnight Hong Kong trading but jumped during the London session and saw strong follow through into domestic COMEX […]
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Commentary for Friday January 9th, 2015 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc.……… Gold closed up $7.60 today at $1216.00 so its technical picture continues to improve on the short term. Most writers believe higher numbers are the result of safe-haven buying over European monetary problems. But I think the […]
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Commentary for Wednesday January 6th, 2015 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc.……… Gold closed up $15.40 at $1219.50 today so yesterday’s move above $1200.00 is confirmed. This strength is no longer a short-covering rally – it feels like safe-haven buying the result of continued weakness in oil and economic […]
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Commentary for Thursday, December 31st, 2014 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc.……… Gold closed down $16.30 at $1183.90 saying goodbye to the $1200.00 level – which seems appropriate into the New Year considering the poor press gold has received. So this is the last trading day of the year […]
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“There are five solid reasons why the long-term outlook for gold remains positive and why it may climb to $1,500 an ounce or more in 2015,” stated Michael Fuljenz, President of Universal Coin & Bullion (www.UniversalCoin.com) of Beaumont, Texas, who has been tracking and writing award-winning articles about the precious metals markets for decades. […]
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Commentary for Wednesday, Dec 10th, 2014 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc.……… Gold closed down $2.60 at $1228.90 in a mild round of profit taking after yesterday’s big $36.80 move to the upside. Considering recent higher prices pushed by short-covering and some safe haven buying the bulls while still […]
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Commentary for Thursday, December 8th, 2014 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc.……… Gold closed up $4.60 at $1194.70 in the domestic market – in fact it was traded tightly in overnight trading both in Hong Kong and London – the high to low range was a few bucks at […]
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Commentary for Thursday, Nov 13th, 2014 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc.……… Gold closed down $18.80 today at $1199.30 throwing a bit of cold water on yesterday’s rally. This market is the perfect storm for rattling everyone’s nerves because there are a number of longer term trends being looked […]
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Commentary for Wednesday, Nov 26th, 2014 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc.……… Gold closed down $0.50 at $1196.50 so little changed moving into the holiday but there seems to be a little upward bias as it has moved above $1200.00 a few times and could not hold the higher […]
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Dutch bring 120 tonnes of gold back to Amsterdam from New York DutchNews.NL The Dutch central bank has secretly brought a large part of the national gold reserves being held in a secure depot in New York back to Amsterdam. In total, 120 tonnes of gold valued at €4bn has been brought back to the […]
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Commentary for Wednesday, Nov 19th, 2014 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc.……… Gold closed down $3.10 at $1193.60 – a respectable finish considering early trading saw lows at $1173.00. The much awaited Federal Open Market Committee minutes were released with little fanfare – I guess the market is further […]
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Commentary for Friday, Nov 7th, 2014 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc.……… Gold closed up $27.30 today at $1169.60. This jump in price was caused by two factors – first a warming up geopolitical situation as Russian army tanks once again threaten Ukraine – and second the dollar began […]
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Commentary for Friday, Nov 3rd, 2014 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc.……… Gold closed down $1.80 today at $1169.30 reacting to a very strong dollar and not much follow through from Friday’s big down day which saw gold off $27.00 on the BOJ announcement of further quantitative easing. The […]
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Commentary for Friday, Oct 31, 2014 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc.……… Gold closed down $27.00 today at $1171.00 and at one time traded as low as $1161.00 and has given up $60.00 on the week. As the Bank of Japan announced an additional $700 billion in stimulus the […]
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Commentary for Wednesday, Oct 27, 2014 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc.……… Gold remains steady off $2.10 at $1229.10. The overnight Hong Kong and London markets lacked any direction and moved within a $3.00 range. The 30 day gold chart however shows gold is having trouble holding on to […]
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Commentary for Wednesday, Oct 24, 2014 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc.……… Commentary for Friday, Oct 24, 2014 (www.golddealer.com) – Gold closed higher up $2.70 at $1231.10. Gold was steady in Hong Kong and London overnight trading but after a failed attempt to move above the $1240.00 range yesterday […]
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Commentary for Wednesday, Oct 23, 2014 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc.……… Gold closed down $16.30 at $1228.50 taking all the fizz out of recent action around the $1240.00 level. The dollar was strong as the Dollar Index saw a trading range of 85.66 through 85.88. I think today’s […]
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Commentary for Wednesday, Oct 16, 2014 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc.……… Gold closed down $3.60 at $1240.50 today. So the recent push to higher ground may be in need of a rest – or the push may be running out of gas. I’m not saying gold is finished […]
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Trading the Platinum vs. Gold Spread Twenty years of trading has proven one thing correct, time and time again. The markets act in such a way as to do the greatest amount of harm to the greatest number of participants at any given moment. This is exactly how Sunday night’s trading began when, for a few minutes, […]
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Commentary for Wednesday, Oct 15, 2014 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc.……… Gold closed up $10.50 today at $1244.10 reacting to softer US economic data – Retail Sales down 0.3% and September Producer Price Index down 0.1%. A weaker dollar also helped the gold bulls today. Continue to watch […]
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Commentary for Wednesday, Oct 9, 2014 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc.……… Gold closed up $8.30 at $1229.30 which is the highest point in almost a month helped again by a weaker dollar. Comments over the weekend by Federal Reserve Governor Fischer indicates once again the Fed will delay […]
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Commentary for Wednesday, Oct 9, 2014 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc.……… Gold closed down $3.60 at $1221.00 in what looks like a small technical adjustment as gold held the important $1220.00 mark but failed to produce any big follow through momentum although we are up $29.00 on the […]
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Commentary for Wednesday, Oct 9, 2014 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc.……… Gold closed up a strong $19.30 at $1224.60 as the overnight Hong Kong and London markets confirmed their strength after the release of September’s FOMC minutes yesterday. While this latest move might yet turn out to be […]
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