Tag: Gold markets

Gold Market Newsletter – Gold Breaks Lower as the Dollar Soars

Gold Market Newsletter – Gold Breaks Lower as the Dollar Soars

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 […]

Gold Market Newsletter – Gold Continues Lower – Bears in Control

Gold Market Newsletter – Gold Continues Lower – Bears in Control

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 […]

Gold Market Finding Stable Footing

Gold Market Finding Stable Footing

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 […]

Gold Markets Newsletter – Gold Moves Higher on a Weaker Dollar and Strong Crude

Gold Markets Newsletter – Gold Moves Higher on a Weaker Dollar and Strong Crude

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 […]

Gold Market Newsletter – Gold Higher as Jobs Disappoint and the Dollar Weakens

Gold Market Newsletter – Gold Higher as Jobs Disappoint and the Dollar Weakens

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 […]

The Gold Market Newsletter – Gold “Pops” Surprisingly Higher Moving above its 100 DMA

The Gold Market Newsletter – Gold “Pops” Surprisingly Higher Moving above its 100 DMA

Commentary for Thursday, September 24, 2015 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc…. Gold closed up $22.20 today on the Comex at $1153.80. This is a great example of a rather nervous market – gold is cheap (trading at near 6 year lows) but the general theory has been lately […]

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Gold Market Analysis – Gold Firms in the After Market after the FOMC Stands Pat

Gold Market Analysis – Gold Firms in the After Market after the FOMC Stands Pat

Gold Market Analysis for Thursday, September 17, 2015 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc…. Gold closed down $1.90 on the Comex today at $1117.30 but just after the close the Federal Open Market Committee decided it would not raise interest rates this time around and gold and silver rallied […]

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Gold Market Newsletter –  Gold Closes Firm – A Short-Covering or Relief Rally?

Gold Market Newsletter – Gold Closes Firm – A Short-Covering or Relief Rally?

Commentary for Monday, September 14, 2015 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc…. Gold closed up $4.20 on the Comex today at $1107.20 which is a bit of a surprise considering the FOMC meeting this week. The meeting itself apparently will be on Wednesday and Thursday and action, if any […]

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The Gold Market Newsletter – Gold Weaker as Traders Ponder Upcoming FOMC

The Gold Market Newsletter – Gold Weaker as Traders Ponder Upcoming FOMC

Commentary for Thursday, September 10, 2015 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc…. Gold closed down $14.40 today at $1106.00. This close is right at the low end of the 30 day range and is off $54.00 from the high $1160.00 mark we saw in mid-August – so gold technically […]

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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 […]

 
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