Tag: Gold markets

The Gold Newsletter – Gold Reacts to Greece and the Dollar but Remains Indecisive

The Gold Newsletter – Gold Reacts to Greece and the Dollar but Remains Indecisive

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 […]

The Gold Newsletter – Gold Virtually Unchanged – Unimpressed with Greek Problems

The Gold Newsletter – Gold Virtually Unchanged – Unimpressed with Greek Problems

Commentary for Thursday, June 25, 2015 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc…. Gold closed down $1.10 today on the Comex at $1171.50 in very quiet trading. Considering the technical picture for gold is negative it’s interesting to me that this market does not feel “heavy”. Traders for sure are […]

The Gold Dealer Newsletter – Gold Lower – the Greek Tragedy – it Giveth and it Taketh Away

The Gold Dealer Newsletter – Gold Lower – the Greek Tragedy – it Giveth and it Taketh Away

Commentary for Monday, June 22, 2015 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc….   Gold closed down $17.80 today on the Comex at $1183.70 giving up the important $1200.00 mark yet again. This latest weakness in gold is because Germany seems to like Greece’s latest story about debt reduction. This […]

The Gold Newsletter – Gold Sells Off Within the Range – Market Remains Choppy

The Gold Newsletter – Gold Sells Off Within the Range – Market Remains Choppy

Commentary for Thursday, June 11, 2015 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc….   Gold closed down $6.20 at $1179.90 on the Comex today giving up much of yesterday’s gain and once again confirming that narrow trading range between $1170.00 and $1190.00. And traders are already starting to talk about […]

The Gold Newsletter – Gold Moves Lower Ignoring Dollar Weakness

The Gold Newsletter – Gold Moves Lower Ignoring Dollar Weakness

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 […]

The Gold Newsletter – Gold Once Again Weakens over Dollar Strength

The Gold Newsletter – Gold Once Again Weakens over Dollar Strength

Commentary for Tuesday, May 26, 2015 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc….   Gold closed down $17.10 at $1187.20 on the COMEX today – saying good-bye to last Friday’s close of $1204.30 and throwing any short-term support at $1200.00 overboard. This latest weakness in gold is all about dollar […]

Gainesville Coins Market Update: May 18-22, 2015

Gainesville Coins Market Update: May 18-22, 2015

By Gainesville Coins….   It was a largely flat week for equities as trading volumes dropped ahead of the holiday weekend in the U.S. Large investors seem to be staying on the sidelines in the stock market, while the bond market remains uncertain after last week’s sell-off. The precious metals gave back much of last […]

The Gold Newsletter – Gold Catches a Cold – the Dollar Roars Reacting to EU Front-Load

The Gold Newsletter – Gold Catches a Cold – the Dollar Roars Reacting to EU Front-Load

Commentary for Tuesday, May 19, 2015 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc….   Gold closed down $20.90 at $1206.90, putting the brakes on its most recent move to the upside within its current trading range. So gold came down with a case of the sniffles today for two reasons. […]

The Gold Newsletter – Gold Higher as the Dollar Fades after a Miss in US Retail

The Gold Newsletter – Gold Higher as the Dollar Fades after a Miss in US Retail

Commentary for Wednesday, May 13, 2015 (www.golddealer.com By Ken Edwards and Richard Schwary of California Numismatic Investments Inc….   Gold closed surprisingly higher today up $25.50 on the Comex to a more respectable $1218.40. This after yesterday’s push to the upside of $9.40 is happy news but let’s not count our chickens just yet. This […]

The Gold Newsletter – Gold Can’t Get Started Even with a Rate Cut by China

The Gold Newsletter – Gold Can’t Get Started Even with a Rate Cut by China

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 […]

The Gold Newsletter – Gold Bounces Higher on a Short-Covering Rally

The Gold Newsletter – Gold Bounces Higher on a Short-Covering Rally

Commentary for Friday, April 24, 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 […]

The Gold Newsletter – Gold Sadly Moves to Six-Week Lows

The Gold Newsletter – Gold Sadly Moves to Six-Week Lows

Commentary for Friday  April 24th , 2015 (www.golddealer.com   By Ken Edwards and Richard Schwary of California Numismatic Investments Inc…. Gold closed down $19.20 on the Comex today at $1175.20. The market got weaker overnight in London and Hong Kong and the downward move accelerated in the domestic market. I don’t know what to makes […]

The Gold Newsletter – Gold Sinks as Home Sales Vault to 18-Month High

The Gold Newsletter – Gold Sinks as Home Sales Vault to 18-Month High

Commentary for Wednesday  April 22nd , 2015 (www.golddealer.com By Ken Edwards and Richard Schwary of California Numismatic Investments Inc….   Gold closed down $16.00 at $1186.90 on solid home sales data indicating the economy may be back on track after some data setbacks created by the winter cold snap. So we are now trading significantly […]

The Gold Newsletter – Gold Remains off Balance

The Gold Newsletter – Gold Remains off Balance

Commentary for Tuesday  April 14th , 2015 (www.golddealer.com By Ken Edwards and Richard Schwary of California Numismatic Investments Inc…. Gold closed down $6.50 at $1192.80 on the Comex today. This pressure remains in place primarily because of dollar strength but the Dollar Index today sold off moving from the 99.50 range to around 98.50 on […]

The Gold Newsletter – Gold Moves Higher on the Anticipated Short-Covering Rally

The Gold Newsletter – Gold Moves Higher on the Anticipated Short-Covering Rally

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 […]

The Gold Newsletter – Gold Weaker – Dollar Firm – FOMC Split – A Mixed Bag

The Gold Newsletter – Gold Weaker – Dollar Firm – FOMC Split – A Mixed Bag

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 […]

The Gold Newsletter – Gold Surges over Jobs Disappointment

The Gold Newsletter – Gold Surges over Jobs Disappointment

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 […]

Gold Market Newsletter – Gold Steady before Fed Comments – Higher After Yellen Explains

Gold Market Newsletter – Gold Steady before Fed Comments – Higher After Yellen Explains

Commentary for Wednesday  March 18th , 2015 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc.……… Gold closed steady on the Comex today up $3.10 at $1151.40. But as Fed Chair Yellen explained the reasoning behind the Fed action gold moved higher by as much as $25.00 in the aftermarket. The FOMC […]

Gold Market Newsletter – Gold Closes Virtually Unchanged into the Weekend

Gold Market Newsletter – Gold Closes Virtually Unchanged into the Weekend

Commentary for Friday  March 13th , 2015 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc.……… Gold closed virtually unchanged today on the Comex up $0.50 at $1152.60 and overnight trading in both Hong Kong and London was only slightly higher so gold looks quiet and sleepy. On the week gold was […]

The Gold Newsletter – Gold Moves Lower Against the Dollar – Again

The Gold Newsletter – Gold Moves Lower Against the Dollar – Again

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 […]

The Gold Newsletter – Gold Moves Higher but Remains Unconvincing

The Gold Newsletter – Gold Moves Higher but Remains Unconvincing

Commentary for Thursday February 19th, 2015 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc.……… Gold closed up $7.40 on the Comex today at $1207.10. It’s still holding the important $1200.00 level but the price action remains subdued – in overnight trading (Hong Kong and London) gold moved above the $1220.00 mark […]

The Gold Newsletter – Gold Retreats as the Jobs Report Beats and the Dollar Soars

The Gold Newsletter – Gold Retreats as the Jobs Report Beats and the Dollar Soars

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 […]

The Gold Market Newsletter – Gold Bounces Higher Recovering from Yesterday’s Oversold Position

The Gold Market Newsletter – Gold Bounces Higher Recovering from Yesterday’s Oversold Position

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 […]

Gold Market Newsletter – Gold Fails the Test Moving Lower over Higher Interest Rate Expectation

Gold Market Newsletter – Gold Fails the Test Moving Lower over Higher Interest Rate Expectation

Commentary for Thursday January 29th, 2015 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc.……… Gold on the Comex today closed down $31.30 at $1254.60. This sharp move to the downside was not unexpected but the trigger was interesting considering the FOMC did a nice job of tiptoeing around the interest rate […]

Gainesville Coins Weekly Market Update – The New Normal and Geopolitics

Gainesville Coins Weekly Market Update – The New Normal and Geopolitics

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 […]

Gold Surges Higher – the Swiss Franc and Euro Decouple

Gold Surges Higher – the Swiss Franc and Euro Decouple

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 […]

Gold Newsletter – Gold Moves Higher Improving its Technical Picture

Gold Newsletter – Gold Moves Higher Improving its Technical Picture

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 […]

The Gold Newsletter – Gold Reinforces Monday’s Gain as Safe Haven Buying Continues

The Gold Newsletter – Gold Reinforces Monday’s Gain as Safe Haven Buying Continues

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 […]

Gold Newsletter Market Report – Gold Moves Lower on Weak Oil into the New Year

Gold Newsletter Market Report – Gold Moves Lower on Weak Oil into the New Year

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 […]

Gold’s Long-Term Outlook  Remains Positive, Says Michael Fuljenz

Gold’s Long-Term Outlook Remains Positive, Says Michael Fuljenz

“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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