Tag: Richard Schwary

Gold Markets Report – Gold Breaks Lower over Possible Interest Rate Hike

Gold Markets Report – Gold Breaks Lower over Possible Interest Rate Hike

Commentary for Tuesday, May 24, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …..   Gold closed down $22.60 at $1228.90 – this was the other shoe falling. The easy answer as to why gold continued to sag this morning… new home sales. The actual number blew past the estimate […]

Gold Markets Report – Gold Pulls Back over China and the Dollar

Gold Markets Report – Gold Pulls Back over China and the Dollar

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 […]

Gold and Metals Market Report – Gold Continues to Attract Attention

Gold and Metals Market Report – Gold Continues to Attract Attention

Commentary for Thursday, April 29, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc ……   Gold closed up $15.30 on the Comex today $1265.50 – a not unexpected rise after yesterday’s inaction by the FOMC but there are a few more factors to consider. Gold finished the day on an […]

Gold Market Report – Gold Moves Higher as the Dollar Sinks

Gold Market Report – Gold Moves Higher as the Dollar Sinks

Commentary for Tuesday, April 19, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc ….. Gold closed up $19.00 today on the Comex at $1,252.60. This is not the “magic” number but it is magic enough if you know what I mean. The reason for this upward pressure was two factors […]

Gold Market Report – Gold Finally Reacts to Dovish Fed Minutes

Gold Market Report – Gold Finally Reacts to Dovish Fed Minutes

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 […]

Gold Markets Report – Gold Closes Virtually Unchanged – Ignoring the Panama Papers

Gold Markets Report – Gold Closes Virtually Unchanged – Ignoring the Panama Papers

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 […]

Gold & Silver Markets – Gold Dips on the Job Numbers

Gold & Silver Markets – Gold Dips on the Job Numbers

Commentary for Friday, April 1, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc ……   Gold closed down $13.80 on the Comex today at $1220.20. This move is a bit on the curious side in that the market initially moved to the $1210.00 range and then recovered half of the […]

Gold Markets Report – Gold Moves Lower on Higher Interest Rate Talk

Gold Markets Report – Gold Moves Lower on Higher Interest Rate Talk

Commentary for Wednesday, March 23, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc…. Gold closed down $24.50 at $1223.70 in another round of profit taking as talk of interest rate hikes came back into focus after yesterday’s terrorist attack. Gold was flat in the overnight Hong Kong market but weakened […]

Gold Markets Report – Gold Closes Higher Over the Belgium Attacks….but….

Gold Markets Report – Gold Closes Higher Over the Belgium Attacks….but….

Commentary for Tuesday, March 23, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc ……   Gold closed up $4.40 at $1248.60 on the Comex today. The Belgium terror attacks created early safe-haven buying in gold bullion during the overnight Hong Kong market. The initial news pushed gold to $1260.00 but […]

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Gold Markets Report – Gold Closes Firm and Moves Higher in the Aftermarket

Gold Markets Report – Gold Closes Firm and Moves Higher in the Aftermarket

Commentary for Wednesday, March 16, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …..   Gold closed up $4.70 on the Comex today at $1235.10 – this close was based on a firm gold market, probably reacting to three days of lower prices with some bargain hunting.   The price […]

Gold Market Report – Gold Gives up Most of Yesterday’s Gains

Gold Market Report – Gold Gives up Most of Yesterday’s Gains

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 European Central Bank (ECB) decision yesterday to push “negative” interest rates. Actually today’s loss represents further profit […]

Gold and Silver Markets – Gold Climbs Higher on a Weaker Dollar

Gold and Silver Markets – Gold Climbs Higher on a Weaker Dollar

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 […]

Gold Markets – Gold Closes Stronger

Gold Markets – Gold Closes Stronger

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 […]

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Gold & Silver Markets – Gold Surges – Market Concern Creeps Higher

Gold & Silver Markets – Gold Surges – Market Concern Creeps Higher

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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Gold Market Update – Gold Closes up $38.70 and Threatens the Important $1200.00 Level | CoinWeek

Gold Market Update – Gold Closes up $38.70 and Threatens the Important $1200.00 Level | CoinWeek

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 […]

Gold Markets – Gold Moves to 15 Week Highs, Closing Above its 200 DMA

Gold Markets – Gold Moves to 15 Week Highs, Closing Above its 200 DMA

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 […]

Gold Market Newsletter – Gold Moves Above $1100.00 Again

Gold Market Newsletter – Gold Moves Above $1100.00 Again

Commentary for Friday, January 25, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc….   Gold closed up $9.00 on the Comex today at $1,106.20 – which is good but without some follow-through momentum this pitch up remains part of the defensive picture. Normally – as the technical picture improves this […]

Gold & Silver Markets – Gold Closes Higher on Safe Haven Buying as Stocks Stumble

Gold & Silver Markets – Gold Closes Higher on Safe Haven Buying as Stocks Stumble

Commentary for Friday, January 15, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc….   Gold closed up $17.60 today on the Comex at $1091.50. Even with all the fanfare the price of gold has been on the choppy side – even with today’s advance we are down $8.00 on the […]

The Gold Market Newsletter – Gold Continues Higher on Safe-Haven Demand

The Gold Market Newsletter – Gold Continues Higher on Safe-Haven Demand

Commentary for Wednesday  January 6th , 2016 (www.golddealer.com By Ken Edwards and Richard Schwary of California Numismatic Investments Inc.…. Gold closed up $13.30 at $1091.70 on the Comex today so one might ask if gold is getting back its mojo. Well – not so fast – there are solid reasons behind these recent higher prices […]

Gold Market Newsletter – Gold Moves Lower in Thin Trading

Gold Market Newsletter – Gold Moves Lower in Thin Trading

Commentary for Monday, December 28, 2015 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc…. Gold closed down $5.50 at $1070.50 today on the Comex in holiday trading. Gold was up $6.60 this past Thursday (12/24) so you can see we are drifting. Everyone will blame oil for everything that went wonky […]

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Gold Market Newsletter – Gold Firms and Looking for Traction

Gold Market Newsletter – Gold Firms and Looking for Traction

Commentary for Friday, December 18, 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 $1066.20 so it’s been a rocky week but not that rocky. The trading range in the price of gold, in one of the arguably most important weeks we […]

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Gold Market Newsletter – Gold Closes Quietly Lower on Consolidation

Gold Market Newsletter – Gold Closes Quietly Lower on Consolidation

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 […]

Gold Market Newsletter – Gold Closes Firm as the Dollar Weakens

Gold Market Newsletter – Gold Closes Firm as the Dollar Weakens

Commentary for Thursday, November 19, 2015 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc…. Gold closed up $9.20 on the Comex today at $1078.00. The trading day was typical – opened with a negative bias and trending lower but reversed direction and settled in a relatively flat pattern between $1078.00 and […]

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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 […]

The Gold Market Newsletter – Gold Closes Higher and Loses its Mojo in the Aftermarket

The Gold Market Newsletter – Gold Closes Higher and Loses its Mojo in the Aftermarket

Commentary for Wednesday, October 28, 2015 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc…. Gold closed up $11.10 on the Comex today at $1177.10 and then reverses direction in the “aftermarket” in a wild trading session which left everyone confused.  It’s funny how everyone is fixated on what the Federal Reserve […]

Gold Market Newsletter – Gold Closes above its 200 DMA

Gold Market Newsletter – Gold Closes above its 200 DMA

Commentary for Wednesday, October, 2015 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc…. Gold closed up $14.30 on the Comex today at $1180.10. This amounts to about a 3.5 month high for gold and moves this most recent strength from “choppy to higher” into a more serious consideration from the technical […]

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 […]

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 […]

By September 15, 2015 0 Comments Read More →
 
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