The Sun's Financial Diary

The stock markets are pretty volatile these days with huge up-and-down swings happening almost on a daily basis (the past month has produced 5 of the 10 largest drops of the Dow). At the same time, gold, which I follow quite closely, also had some roller coaster rides lately, but the general trend of gold [...]

Early last month, I had a post on gold when the bullion recorded its biggest one-day increase ever in price. If you follow this blog long enough, then you know I have talked a lot about good. My investment in gold is not the metal itself, though I bought a couple of pieces of hardware. [...]

Remember this chart because you won’t see it very often, if again at all.
Today, gold price jumped the most in its history, rocketing up $84.50 to close at $864.10 an ounce. Last week this time, gold just touched a 11-month low of $742.
Gold has been under a lot of pressure lately. As the U.S. economy [...]

Did you buy any gold coin recently? I didn’t, but it looks like there’s some kind of shortage of gold coins.
Gold has gone through a volatile period lately as the U.S. dollar rebounded strongly against the Euro and commodities, including oil and precious metals, posted sharp decline. Traders abandoned gold as a hedge against the [...]

A little over one year ago, I bought a Buffalo gold coin from Bullion Direct (my review of Bullion Direct) when the price was around $640 an ounce. Somehow, I never considered that as an investment, though gold has gained a lot in the past year. Currently at $885, gold actually made a good investment [...]

Just when you think the stock markets might have turned the corner (stocks gained the most in five years on Tuesday and S&P issued a statement yesterday saying the end is near for subprime related writedowns), another bomb dropped on the Wall Street today: Bear Stearns, one iconic company on the Street, needs emergency [...]

US stocks reversed course Wednesday, making a 240+ points swing from down 154 points to close the session up 90 points.
As stocks turned around, gold also got a boost to reach a new record of $945.80 an ounce. The precious metal rallied after a government report showed that inflation picked up stem in January with [...]

The last time that gold was at $875 an ounce level was 28 years ago on January 21, 1980. Since them, gold has been in an extended bear market in almost 20 years until the current upward trend started in 2001. Today, gold contract reached a new all time high at $883.89/ounce [...]

Did you ever wonder why the prices of bullion coins containing the same amount of gold are different and how they are determined?
Yesterday, I read an article on GoodSeek.com (I also subscribe to their free daily Gold Seeker Report, which provides a nice summary of the precious market) that explains the prices discrepancy among gold [...]

Eight months ago, I bought an American Buffalo gold coin from Bullion Direct (take a look at why I chose Bullion Direct) when the price of spot gold was around $650 an ounce. With gold price reaches 27-year high, the appreciation of my gold coin is also significant. The total cost of the coin [...]