Welcome to Appreciategold.com. Our mission is to provide to our readers useful and timely information on the gold and precious metals markets. This information includes live spot gold prices, live spot gold charts, and gold market commentary. Our content is intended to help gold investors stay up to date on the gold market and what is driving it. In addition, we look to bring value to our readers by providing gold bullion purchasing information and deals.
Posted on October 22nd, 2013
Should investors be buying gold now? The spot gold price held gains throughout the session today as disappointing non-farm payrolls data along with the recent U.S. Government shutdown has led many to believe that tapering of the Fed’s QE is further off than previously thought. In regards to the shutdown, the potential total economic damage is not yet known. There are estimates floating around already however, that the shutdown will shave 125,000 jobs off of the October payrolls data when it is released. Let’s also not forget the millions and millions of dollars that were lost on a daily basis during the shutdown. Due to the fact that the Fed will not really be able to even gauge the damage until later this month and into next month, the idea at this point of the Fed coming in and rocking the boat does not seem very likely. Gold prices are moving higher on the notion that the deal made by lawmakers last week is only a band-aid solution to a long-term problem and also doe to the fact that QE is likely to be around a while longer. In addition , the recent turmoil in Washington has caused the U.S. Dollar index to continue its slide. The dollar is now trading at the lowest level since February, and does not seem ready to stop its slide anytime soon. Should the dollar index continue to drop, it could significantly boost the appeal of gold bullion and precious metals. Although stocks and risk assets continue to march higher, the recent issues that plagued markets will be back in the headlines before long-and those that bought gold or silver on the recent dips could have the last laugh….
Gold prices are exhibiting bullish behavior and have staged an upside breakout on the daily chart. Gold is now trading above its key 9,20, and 50 day exponential moving averages. In our opinion, the $1375 area represents a near-term price target. Beyond that, the August highs around $1434 come into play. The 200 day exponential moving average is in that neighborhood as well.
Is now the time to be buying? It could be. For long term investors the recent strength in gold prices could indicate that a near term bottom has been reached. In addition, as the debt ceiling will be approaching again after the first of the year, precious metals may benefit from increasing political uncertainty and possible risk aversion as the deadline gets closer.
Like the current strength in gold? Think this is an opportunity to add to physical holdings? If so, check out our gold buying guide. The guide is filled with useful information on investing in physical gold bullion. Already decided to buy gold but are looking for a reputable dealer with competitive pricing? Check out our gold dealer reviews for more information on where to buy gold.
Posted on October 13th, 2013
The 1 oz PAMP Suisse gold bar is one of our favorite bullion products. PAMP is the abbreviation for Produits Artistiques Metaux Precieux or artistic precious metals products . This brand of gold bar is one of the most recognized and respected refiners in the world. PAMP was established in 1977 and is based in Ticino, Switzerland. This gold fabricator is capable of a lot including producing a large range of gold bars of all shapes, sizes, and purities, semi-finished precious metals products, and a large refining capability. The .9999% pure gold PAMP Suisse bar is one of their most recognized products and with good reason.
This gorgeous gold bar is the gold standard of purity being made of .9999% pure gold. The gold bar comes with an accompanying assay card which guarantees the gold metal weight and purity. The PAMP Suisse gold bar is very versatile and is suitable for physical gold buyers of all shapes and sizes. In addition, this gold bar is eligible for gold IRA’s. The obverse of this gold bar depicts the ancient Roman goddess Fortuna who was the goddess of luck and good fortune. The reverse of the gold bar contains the weight and purity information along with a unique serial number. These bars are conveniently sized for stacking and storage.
Doe to their purity, size , manufacturer, and assay, we feel that the 1 oz. PAMP Suisse gold bar is one of the best gold bars available for investment on the open market. This bar is liquid, has excellent and consistent demand from physical gold buyers, and is well made of the finest gold bullion available. Truly a fine investment product for gold investors of all sizes. This gold bar is available at all major online gold and silver bullion dealers. We recommend shopping around and comparing dealers side by side in terms of price, shipping and insurance policies, as well as dealer reputation. To get a jump start on your research, check out our gold dealer reviews. We are continuing to add to this dealer list as we go and will be including more dealers in the near future. In addition to comparing some top gold bullion dealers, our review section will also describe what to look for when comparing gold dealers. If you are new to buying gold and are looking for more general information on things such as products, storage, avoiding some common pitfalls and other information, then we encourage you to visit our gold buying guide.
Posted on October 11th, 2013
The spot gold price is taking a bit of a tumble today as investors are feeling a bit more optimistic about the government ending the current partial shutdown and avoiding the debt ceiling. Republican lawmakers submitted a proposal yesterday that, if accepted by Democrats, could end the current partial shutdown and also extend the debt ceiling by several weeks while a long-term solution is worked out. The U.S. dollar index is back above the $80 level as well, and any strength in the greenback could weigh on gold prices.
Gold has not acted very well recently. With the news that Janet Yellen was being nominated to be the next Federal Reserve chief, gold still could not put together any meaningful rally. Ms. Yellen is a close ally of current chief Ben Bernanke and is widely considered to be a dove when it comes to monetary policy. This could mean that current loose monetary policies stay in place for the time being, or even that the Fed continues to hold off on tapering its bond buying program for longer than many expect. It should have been bullish for gold prices either way, yet gold did not react in a bullish manner. That is probably a very negative sign for the yellow metal.
Like it or not for the gold bulls, the economy has continued to show signs of improvement. Should this trend continue, it will likely weigh heavily on bullion as investors seek higher potential returns elsewhere. Gold prices are in a solid downtrend on the daily charts, and appear headed for lower levels. As of this post, gold has now taken out last week’s lows. Although there is some support at the $1250 level, it seems very likely at this point that gold re-tests the June lows around the $1182 area. Should this level give way, we could see another significant leg lower in gold prices that could take the price of gold down to the $1000 level.
While a lot can change quickly from a fundamental standpoint in the gold market, it seems as if the bulls will remain on the defensive for the time being. With the Fed getting ready to taper at some point, and an improving global economy, the gold bulls have their work cut out for them. Is now the time to buy gold? In our opinion probably not. We will be interested to see how the gold price behaves on a test of the June lows. Should that level hold as support, it could potentially provide a good gold buying opportuntity for those willing to buy the physical metal and hold it as a long-term investment.
Posted on October 4th, 2013
We have added some new content on our site. We have provided to our readers a thorough review of precious metals dealer JM Bullion. Our review of JM Bullion includes many key aspects of this bullion dealer. For your convenience we have included detailed information on their products, pricing, payment options, and shipping. In addition, we have also included information on their website, their security features, and their accreditation.
In order to provide more value to our readers, we are in the process of reviewing several of the top online bullion dealers. We hope to help make the gold buying process as simple and effective for our readers as possible. In addition to top online bullion dealer reviews, we are also in the process of putting together an entirely new gold buying education section. This educational section will include such topics as what type of gold products should one purchase, how one might store their gold, how to buy gold for an IRA, and much much more. We feel that we can become the best resource for gold buying education on the web and we will strive to be an excellent reference point for gold buyers all over the world. As always, we thank you for your readership and look forward to bringing you more valuable content in the near future!
Posted on September 17th, 2013
We want your feedback! Appreciategold.com was formed to bring gold investors important gold news, commentary, prices, and more. We will be making some changes to our site in the near future and would love to hear from our readers how we may be of the most help when it comes to buying gold. Please take the time to tell us what you are looking for online when it comes to gold investing by sending us an email through the contact us link. We value your time and readership and want to bring you the most valuable product that we can. Thank you again!
The team at Appreciategold.com
Posted on September 11th, 2013
Gold prices are trading flat to slightly higher this morning as the metal continues to come under pressure as the possibility of a diplomatic solution in Syria seems more plausible and the notion of an imminent attack by the U.S. military recedes.
Gold has been moving lower all week as odds of a strike decreased dramatically, and now gold finds itself trading under the 9 and 20 day EMAs and is testing the 50 day EMA today as of this post. In addition, gold has broken below an uptrend line at $1370.70 and it is likely we are also seeing some chart selling based upon that. We do see support in this $1361-$1350 area and feel gold prices are likely to hold-at least for now.
The fed is on tap for next week and the word is that Bernanke will announce some plans for the Fed to begin tapering its bond buying program. Although this certainly has the potential to weigh on gold prices, we feel that a taper is already likely baked into the cake. We also feel that gold still has the potential to go much higher from here whether the Fed tapers or not. We do not believe we have heard the last from Syria, and we also feel the chances of a major pullback in stocks and risk assets are increasing. Both of these could be bullish factors for gold.
We will be watching how gold prices close today, and feel that if gold can hold the current support and 50 day EMA level it could potentially be a good buying level. In addition, we feel that the $1300 level also has the potential to be a good buying level as it appears to have a fair amount of chart support.
To view gold products and pricing visit JM Bullion.com
Posted on September 6th, 2013
Gold prices are seeing a nice bounce today from a trend line as weaker than expected non-farm payrolls data and geopolitical tensions drive buying in gold and other perceived safe-havens. Many were looking to today’s data to be the determining factor ion whether the Fed tapers in September or not. This report did not appear to be much of a factor either way, and investors will continue to monitor the situation in Syria as well as economic data very closely. We are of the opinion that gold will continue higher regardless of what the Fed does as geopolitical risks and rising interest rates potentially cause stocks and risk assets to drop. We feel gold is still poised to test its 200 day EMA in the $1465 area as the uptrend remains alive and well. A closing gold price under the $1360 area could see additional near term downside however, we feel this is unlikely given current circumstances.
Click Chart To Expand
Chart source: QST
Posted on August 22nd, 2013
Spot gold prices today are higher as the bulls are showing some impressive signs of strength. Gold dipped yesterday following the release of the Fed minutes but was quickly bought up and reversed course last night to post moderate gains thus far today. What makes this especially noteworthy is the fact that the metals are moving higher despite the Fed getting ready to scale down its bond purchases; in addition the U.S. dollar index is higher today and the fact that the metals are moving up is a good indication of underlying strength.
Perhaps the gold market is now looking beyond the issue of QE and is focusing on geopolitical turmoil in Egypt, a weakening stock market, and currency worries in Asia. Of course, the issue of rapidly rising interest rates will effect gold prices as well, and if rates continue to rise at the present pace it could be the undoing of this year’s stock market gains. Some feel the Fed has lost control over rates which needless to say would not be a good thing for markets or the economy. Let’s hope that is not the case.
Gold continues to trend higher on the daily charts, and looks poised for additional upside. A break above this week’s high of $1384ish should allow the gold market to print the $1400 price, and perhaps well beyond that as more fresh buying enters the market and remaining shorts get squeezed out.
Posted on August 21st, 2013
Canadian gold maple leaf coins can be a great contribution to a physical gold portfolio. In fact, we wrote a post on buying these magnificent coins recently that can be viewed here: Buy Canadian gold maple leaf coins online.
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Posted on August 21st, 2013
Gold prices are taking a breather today as markets prepare for this afternoon’s release of the July FOMC meeting minutes. Investors will continue to look for clues about the Fed’s tapering plans. Today’s release will likely determine the near term direction for gold prices which we believe will be higher. In fact, we feel gold is likely to keep going higher regardless of what the Fed does.
Gold is in an uptrend on the daily charts and is trading above all key short and intermediate term moving averages. The $1400 level is the next likely target and will offer some decent resistance. We are looking at the $1487 area beyond that as it is the 50% retracement level from the drop from just under $1800 to the lows at the $1179 area. This area also represents a previous swing low and swing high, and will likely be an attractive point on the charts.
The dollar is at the low end of its recent trading range and should be monitored. Should the recent lows give way in the greenback, it could pave the way for additional strong gains in gold and precious metals. In addition, the recent selling in stocks should be watched closely as well. Should the correction gather strength, it could also fuel gains in gold as investors look for places to park cash.