Did you catch the closing numbers of the US Stock Market today? Today is September 18, 2013 and the time is about 1:15 PM PST and the markets closed 15 minutes ago.
Gold closed up between $53.00 and $54.00 today! It's still moving around a little bit as I write this so I don't have an exact number yet. The closing price was around $1,365.00 an ounce.
This price is the biggest jump in the price of gold since March, 2009. This is a rise of 4.3%. Now would be a great time to sell gold, either all or some of your gold, before the price drops again. Don't make the mistake of thinking that gold is back on the way up. That's not very likely.
This could very well be a very short-term rise based on the decision of the Fed today. It's more likely that the jump in the price of gold is because of what the Federal Reserve Chairman, Ben Bernanke, said at the press conference after the Federal Reserve Open Market Committee meeting today.
Basically, he said that the Fed decided to do nothing as opposed to begin to taper or cut back on their Quantitative Easing program that involves buying about $80 Billion worth of US Bonds a month. The gold market and most of the rest of the market liked this but the Bond market definitely didn't.
The 2-Year, 10-Year and 30-Year bonds were all down today. The Dow Jones Industrial Average was up about 147 points to about 15,677, The S&P 500 was up about 20 points to close at about 1,725 and the NASDAQ was up about 37 points and closed at around 3,783.
If you happen to live in L.A. and you want to get cash for gold in Los Angeles, call or walk in to Le Passe a Nouveau. You'll be paid instantly in cash for all types of gold including gold jewelry, gold coins, gold bars, scrap gold, gold bullion and more.
You can find them online at http://www.310antiques.com
Or find their office at
3159 Donald Douglas Loop South #305
Santa Monica, CA 90405
(310) 391-9400
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