GOLD Gold reached another new six year low this morning of $1,046 per ounce. At that price I saw sizeable bargain buying come into the Gold market, which drove the price up $15. The bears still have control of the market, and we need a rally above $1,100 to change the sentiment. At 11am PDT today, Gold is trading at...
GOLD Gold hit a new six year low this morning of $1,050.80 per ounce. The last time Gold was trading at that price was October 2009 and it then quickly rallied to $1,920 within two years. Most of the weakness in the Gold price is a result of a strong U.S. Dollar, which reached $1.04 to the Euro this morning...
2015 Tax Strategies As we approach the end of 2015, I believe there is an extraordinary opportunity to take advantage of this year’s drop in gold & silver prices. Let me explain how you can turn your precious metal holdings into an Asset. A) Offset any 2015 capital gains you may have made on other investments (i.e., real estate, equities...
GOLD Gold moved higher this morning, reaching a high of $1,075 per ounce in Asian and European trading. There was selling at this morning’s high and the price quickly moved lower. The U.S. Dollar rally, a bearish factor for Gold, has slowed down, which could add some support for the price. I think Gold still needs to have a final...
Links to recent informative articles on precious metals and rare coins: You can’t eat Gold or a debt sandwich Russian Gold reserves grow by 600,000 ounces in October Chinese savers turn to Gold as rest of the world exits holdings This Week’s Headlines: Gold The classic Intra-Day reversal in the Gold price is coming soon How do I feel...
GOLD This morning the U.S. Dollar approaches a new 10-year high versus the Euro. This, combined with the current bear trend has caused the Gold price to hit $1,053 per ounce this morning. At 11am PDT today, Gold is trading at $1,165 per ounce, down $6 from last Wednesday, but up $9 from European/Asian trading over the holiday. SILVER...
GOLD Gold trading was very light today, staying in the $1,070 to $1,080 price range. The Gold market will be closed tomorrow (Thanksgiving Day) and it will be open ½ day on Friday. At 11am PDT today, Gold is trading at $1,071, down $4 on light trading. SILVER Silver reached a low of $14.03 in early morning trading before...
GOLD Gold rallied this morning based on the weakness of the U.S. Dollar versus the Euro. Trader’s felt that the reason for the sell off in the U.S. Dollar was a result of the Russian jet being shot down by Turkey. At 11am PDT today Gold is up $7 per ounce, trading at $1,075 per ounce on average volume.  ...
Links to recent informative articles on precious metals and rare coins: China’s yuan takes another step towards SDR basket inclusion Gold remains the best insurance for a crisis Chinese savers turn to Gold as rest of the world exits holdings This Week’s Headlines: Gold How do I feel about the Gold price? What do I expect to see for...
GOLD This morning the U.S. Dollar approached a new 10-year high versus the Euro. This, combined with the current trend, has caused the Gold price to reach a low of $1,066.80 per ounce. At 11am PDT today, Gold is down $9.00, trading at $1,068 per ounce on normal volume. SILVER Silver sold off with Gold this morning, reaching a...