Tag: Gold markets

Gold Market Newsletter – Gold Closes Higher on Safe-Haven Buying into the Weekend

Gold Market Newsletter – Gold Closes Higher on Safe-Haven Buying into the Weekend

Commentary for Friday, August 28, 2015 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc…. Gold closed up $9.40 on the Comex today at $1131.80 which is above the low close of the week ($1122.00). It continues to wobble however the upward revision in Q2 US Gross Domestic Product this week has […]

The Gold Market Newsletter – Gold Up $25 in another Round of Safe-Haven Buying

The Gold Market Newsletter – Gold Up $25 in another Round of Safe-Haven Buying

Commentary for Thursday, August 20, 2015 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc…. Gold closed up $25.20 today on the Comex at $1153.30 – wow that was unexpected, I actually thought we were in for a little profit taking today. In the month of August gold has moved from the […]

Gold Market Newsletter – Gold Remains Firm as the FOMC Stands Pat

Gold Market Newsletter – Gold Remains Firm as the FOMC Stands Pat

Commentary for Wednesday, August 19, 2015 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc…. Gold closed up $11.50 at $1128.10 on the Comex today as FOMC July minutes were released early and there was even a higher aftermarket by a few dollars.  The overnight Hong Kong and London markets were relatively […]

The Gold Market – Gold Continues Firm Reacting to the Chinese Yuan Devaluation

The Gold Market – Gold Continues Firm Reacting to the Chinese Yuan Devaluation

Commentary for Wednesday, August 12, 2015 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc…. Gold closed up $15.50 today on the Comex at $1123.10 and remains firm as safe haven buying wakes up from its long sleep. The price of gold in the overnight Hong Kong and London markets was initially […]

The Gold Newsletter – Gold Remains Uncommitted – Will the Fed Soon Raise Rates or Not?

The Gold Newsletter – Gold Remains Uncommitted – Will the Fed Soon Raise Rates or Not?

Commentary for Friday, August 7th, 2015 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc…. Gold closed up $4.00 today on the Comex at $1094.10, in choppy trading which surprised everyone.  The July jobs data came in as expected with 215,000 new jobs, another decent showing but not stellar and if you […]

The Gold Newsletter – Gold Closes Weaker in an Erratic Trading Pattern

The Gold Newsletter – Gold Closes Weaker in an Erratic Trading Pattern

Commentary for Thursday, July 30, 2015 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc…. Gold closed down $4.60 today on the Comex at $1088.10 – so we appear married to this cross-traffic at least on the shorter term. Yesterday’s close was $1092.70; Tuesday’s close was $1096.30 – so in the last […]

The Gold Newsletter – Gold Closes Firm Reflecting Friday’s Aftermarket

The Gold Newsletter – Gold Closes Firm Reflecting Friday’s Aftermarket

Commentary for Friday, July 27, 2015 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc…. Gold closed up $8.40 today on the Comex at $1094.70. It looks like gold is reacting to both an oversold condition and a weaker dollar as we begin a new trading week. The result of the oversold […]

The Gold Newsletter – Gold Markets Continue to Test Lower Price Levels

The Gold Newsletter – Gold Markets Continue to Test Lower Price Levels

Commentary for Wenesday, June 22, 2015 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc…. Gold closed down $9.90 at $1091.70 today on the Comex – continuing to re-test recent lows – so the bears are in charge. The technical damage created last Sunday has reasserted itself both on Monday and Tuesday […]

The Gold Newsletter – Gold Weakens on Shanghai Bear Raid

The Gold Newsletter – Gold Weakens on Shanghai Bear Raid

Commentary for Friday, July 20, 2015 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc…. Gold closed down $26.10 on the Comex today at $1105.70. This will turn out to be one of the most interesting trading days we have seen in a long while and what makes it interesting is not […]

The Gold Newsletter – Gold Moves Lower on Technical Selling – Physical Demand Continues Hot

The Gold Newsletter – Gold Moves Lower on Technical Selling – Physical Demand Continues Hot

Commentary for Friday, July 17, 2015 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc…. Gold closed down $12.00 today on the Comex at $1131.80. The week in general suggested this test would continue and the dollar spread between the highest and lowest closing price was $23.50 and we finished on lows […]

The Gold Newsletter – Gold Touches Yearly Lows on Yellen Comments

The Gold Newsletter – Gold Touches Yearly Lows on Yellen Comments

Commentary for Friday, July 15, 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 $1147.20 reinforcing the long standing notion that a Federal Reserve hike in interest rates will push the dollar higher and gold lower. Still if you consider the tight […]

The Gold Newsletter – Gold Technically Weak – Testing Recent March Lows

The Gold Newsletter – Gold Technically Weak – Testing Recent March Lows

Commentary for Tuesday, July 7, 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 […]

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 […]

 
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