Tag: Richard Schwary

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 […]

GoldDealer Newsletter – Gold Moves higher for the 7th Day as the Saudi’s Strike Yemen

GoldDealer Newsletter – Gold Moves higher for the 7th Day as the Saudi’s Strike Yemen

Commentary for Thursday  March 26th , 2015 (www.golddealer.com By Ken Edwards and Richard Schwary of California Numismatic Investments Inc.….   Gold closed up $7.80 at $1205.10 as safe haven buying increased over Middle East tensions. Saudi and coalition forces directed airstrikes against Yemen in an attack directed against Iranian backed rebels. There was some concern […]

The Gold Newsletter – Gold Shows Continued Modest Gains

The Gold Newsletter – Gold Shows Continued Modest Gains

Commentary for Wednesday  March 24th , 2015 (www.golddealer.com)   By Ken Edwards and Richard Schwary of California Numismatic Investments Inc.……… Gold closed up $3.70 on the Comex today at $1191.70 which makes for higher prices for the 5 th day in a row. Foreign physical demand is solid as India gets back into the game. […]

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 Lower as the Dollar Strengthens

Gold Market Newsletter : Gold Closes Lower as the Dollar Strengthens

Commentary for Wednesday March 10th , 2015 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc.……… Gold moved lower today on the Comex down $6.30 to close at $1160.10. So yesterday’s small gain was indeed a dead cat bounce – and this close was the cheapest gold has traded this year. Weakness […]

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 Despite a Stronger Dollar

The Gold Newsletter – Gold Moves Higher Despite a Stronger Dollar

Commentary for Wednesday February 26th, 2015 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc.……… Gold closed higher again today on the Comex up $8.60 at $1209.60 even though the dollar reached a monthly high against the euro. This from Market Watch – “Core CPI rose 0.2% in January, beating a consensus […]

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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 Continues Weak – the Dollar Strong

The Gold Newsletter – Gold Continues Weak – the Dollar Strong

Commentary for Wednesday February 11th, 2015 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc.……… Gold closed down $12.60 on the Comex today at $1219.00 reacting to a stronger dollar and a negative technical picture. The overnight gold market was actually quiet in Hong Kong and London – and the domestic market […]

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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 […]

The Gold Market Newsletter – Gold Moves Higher on a Weaker Dollar

The Gold Market Newsletter – Gold Moves Higher on a Weaker Dollar

Commentary for Tuesday January 27th, 2015 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc.……… Gold on the Comex closed up $12.30 at $1291.70 as the dollar lost value over disappointing durable goods numbers released today – and the aftermarket continued higher by about $3.00. This was actually a big turnaround as […]

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 […]

Gold Newsletter – Gold’s Momentum Stopped by Profit Taking

Gold Newsletter – Gold’s Momentum Stopped by Profit Taking

Commentary for Wednesday January 7th, 2015 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc.……… Gold closed down $8.70 at $1210.60 on short term profit taking and a stronger US dollar. And the rebound in equities took away some of the tension created with a lower DOW and a troubled European Union. […]

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 Moves Lower on Mild Profit Taking

Gold Moves Lower on Mild Profit Taking

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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The Gold Market Newsletter – Gold Closes Higher with Some Heat in the Aftermarket

The Gold Market Newsletter – Gold Closes Higher with Some Heat in the Aftermarket

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 […]

Gold Market Newsletter: Gold Remains Quiet into the Thanksgiving Holiday

Gold Market Newsletter: Gold Remains Quiet into the Thanksgiving Holiday

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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