Bullion & Metals

Gold Falls Below $1600 for First Time in 6 Months, Sharp Move Could Trigger Stronger Demand

Gold Falls Below $1600 for First Time in 6 Months, Sharp Move Could Trigger Stronger Demand

THE SPOT gold price dropped below $1600 an ounce for the first time in six months Wednesday, as the Dollar strengthened and stock markets were broadly flat, ahead of the publication of the latest Federal Reserve policy meeting minutes later today. Silver fell to $29.19 an ounce, also a six month low, while other commodity prices were […]

By February 20, 2013 0 Comments Read More →
G-20 Finance Ministers Finally Admit And Simultaneously Deny “Currency Wars”

G-20 Finance Ministers Finally Admit And Simultaneously Deny “Currency Wars”

By Patrick A. Heller Commentary on Precious Metals Prepared for CoinWeek.com ….. Within the space of a few days in mid-September 2012 the European Central Bank, the Federal Reserve Bank, and the Bank of Japan all announced plans to inflate their respective currencies.  This represented a scale of inflation never before experienced in world history. I […]

Recent Optimism Making Gold’s Safe Haven Properties Redundant

Recent Optimism Making Gold’s Safe Haven Properties Redundant

U.S. DOLLAR gold prices fell to a one-week low Monday morning in London, dropping to $1660 per ounce, as dealers in Asia reported quiet trading, with China celebrating the Lunar New Year holiday. “We are neutral [on gold] until the current consolidation resolves itself,” says the latest technical analysis report from bullion bank Scotia Mocatta. Silver […]

By February 11, 2013 0 Comments Read More →
Thinking of Trading Certified Rare Coins for Bullion?

Thinking of Trading Certified Rare Coins for Bullion?

Richard Schwary – California Numismatic Investments The incredible rise in precious metals prices has given more than a few rare coin investors a reason to pause and question their investment strategy. And while this commentary will not be of much interest if you own the rare coins which have moved substantially higher this past decade […]

Futures Market Retreat Good for Gold in the Long Term, Spain Hit by Political Crisis

Futures Market Retreat Good for Gold in the Long Term, Spain Hit by Political Crisis

WHOLESALE MARKET gold prices hovered just below $1665 per ounce Monday morning in London, having failed to hold onto gains in earlier Asian trading, as stocks and commodities also ticked lower along with the Euro, which retreated from recent highs following news of a political scandal in Spain. Silver erased most of Friday’s gains this morning, […]

By February 4, 2013 0 Comments Read More →
End of an Era for Gold as S&P 500 Records Best January Since 1997

End of an Era for Gold as S&P 500 Records Best January Since 1997

THE U.S. DOLLAR gold price recovered some of its losses from the previous day Friday, edging higher to $1666 an ounce by the end of the morning in London, while most stock markets also edged higher ahead of US nonfarm payrolls data due out 08.30 Washington, DC time. A day earlier, gold dropped 1% during Thursday’s […]

By February 1, 2013 1 Comments Read More →
US Dollar Experiencing A Terrible Ten Days

US Dollar Experiencing A Terrible Ten Days

By Patrick A. Heller Commentary on Precious Metals Prepared for CoinWeek.com ….. The US Dollar (and, therefore, the US government) has experienced a terrible ten days: On January 23, the Republican-controlled House of Representatives temporarily suspended the current limit for raising the Federal debt ceiling until May 19.  This action was taken after the US government […]

Safe Haven Assets Under Pressure: Gold & Silver Fall as Stock Markets Hit 5-Year Highs

Safe Haven Assets Under Pressure: Gold & Silver Fall as Stock Markets Hit 5-Year Highs

THE U.S. DOLLAR gold price extended its losses from last week Monday, dipping to a near-three-week low below $1655 per ounce during London’s morning trading, as stock markets ticked higher, with the FTSE 100 hitting its highest level since May 2008. The S&P 500 meantime climbed above 1500 last week for the first time since December 2007. […]

By January 28, 2013 0 Comments Read More →
Can India Really Cut Gold Imports?

Can India Really Cut Gold Imports?

By Gainesville Coins Blog India is struggling with a record current accounts deficit in the midst of an economic slowdown, and the government says the #1 culprit is gold imports. India is the world’s largest importer of gold, with a total of  around 800 tons, worth $58 billion USD, imported last year. In an effort […]

Gold Holding Steady as Chinese Demand Slows, Stronger Rupee

Gold Holding Steady as Chinese Demand Slows, Stronger Rupee

GOLD continued to hover near one-month highs above $1690 an ounce Wednesday morning, where it has spent most of this week, with dealers in India and China citing a slowdown in physical bullion demand. Silver climbed above $32.30 an ounce, a one-month high, as stocks and commodities were broadly flat and US Treasuries gained. “A […]

By January 23, 2013 0 Comments Read More →
Gold Cycle Could Turn This Year Says Goldman, Washington Politicians Will Keep Markets Nervous

Gold Cycle Could Turn This Year Says Goldman, Washington Politicians Will Keep Markets Nervous

THE DOLLAR gold price eased back below $1680 an ounce Wednesday morning, though it remained well within its trading range for the past month, while stock markets extended their losses for this week and US Treasuries gained. Silver hovered around $31.30 an ounce for most of this morning, also in line with its recent trading range, while […]

By January 16, 2013 0 Comments Read More →
Is Germany Ready To Repatriate Its Gold Reserves?  What Gold Reserves?

Is Germany Ready To Repatriate Its Gold Reserves? What Gold Reserves?

By Patrick A. Heller…. Commentary on Precious Metals Prepared for CoinWeek.com   On January 14, the German publication Handelsblatt reported that Germany has become serious about repatriating significant amounts of its gold reserves held outside of the country, primarily at the Federal Reserve Bank of New York. According to the Bundesbank, out of 109 million ounces of […]

The Curious Case Of The One Trillion Dollar Coin

The Curious Case Of The One Trillion Dollar Coin

Guest Article by Marcus Holland, www.financialtrading.com ….. When the Nobel Prize winner and economist Paul Krugman supported Obama’s decision to consider the one trillion dollar coin idea, a great dispute started in the media about this solution. Is Krugman going crazy or have things reached such a point that even crazy ideas are better than […]

By January 15, 2013 1 Comments Read More →
Campaign Against Gold Has Failed Says Central Bank Think-Tank

Campaign Against Gold Has Failed Says Central Bank Think-Tank

WHOLESALE gold bullion prices dipped back below $1670 an ounce Friday morning in London, 0.9% up on where it started the week, after jumping 1% yesterday following the European Central Bank’s decision to leave interest rates on hold, which was also followed by gains for the Euro. Silver meantime drifted back below $30.70 an ounce this morning, […]

By January 11, 2013 0 Comments Read More →
Dealers Report Very Strong Gold Demand from China and India

Dealers Report Very Strong Gold Demand from China and India

WHOLESALE gold bullion prices ended Tuesday morning in London at $1655 per ounce, regaining ground lost yesterday to climb back to where it started the week, with dealers reporting signs of strong demand from India and China, the world’s two biggest gold buying nations. Silver climbed to $30.40 an ounce, slightly up on the week so […]

Gold and Silver Gain Along with Stocks in Chaotic and Unsatisfactory Fiscal Deal

Gold and Silver Gain Along with Stocks in Chaotic and Unsatisfactory Fiscal Deal

SPOT MARKET gold prices started the year by touching a two-week high above $1680 per ounce Wednesday morning, as European stock markets also gained following news of a deal in Washington to avoid the so-called fiscal cliff. Gold in Euros and Sterling by contrast were little changed on the day by late morning in London, recovering […]

The Coin Analyst: The Year in Precious Metals

The Coin Analyst: The Year in Precious Metals

by Louis Golino for CoinWeek …… In 2012 gold and silver prices were up for the year, but they failed to retrace the record levels of 2011. Silver outperformed for the year, achieving an increase of 9.4% compared to gold, which was up 6.6%. It has been more challenging than usual to analyze the precious […]

By December 21, 2012 1 Comments Read More →
Gold Prices Expected to Rise in 2013, Dillon Gage’s Roy Friedman Predicts

Gold Prices Expected to Rise in 2013, Dillon Gage’s Roy Friedman Predicts

Targets of $2,000 an ounce and even higher are in sight Gold prices have advanced every year in the last decade and are poised for their eleventh straight year of gains in 2012, according to Dillon Gage Metals Executive Vice President Roy Friedman. Next year, gold prices could reach $2,000 an ounce for the first […]

Massive, Open-Ended Stimulus Expected from Fed

Massive, Open-Ended Stimulus Expected from Fed

THE WHOLESALE gold price rose to $1712 an ounce Tuesday morning in London, a few Dollars above where they started the week, while stocks edged higher and US Treasury bonds fell ahead of tomorrow’s Federal Reserve policy decision. All-but-one of 49 economists polled by news agency Bloomberg predict the Fed will buy US Treasury bonds in addition […]

By December 11, 2012 0 Comments Read More →
Gold Confiscation: Lessons from the 20th Century

Gold Confiscation: Lessons from the 20th Century

Three nasty examples of how people lost the gold they owned… TODAY’S chatter in the trading rooms says some gold owners fear a punitive US tax hike in New Year 2013, with the Obama government targeting precious-metal investors. Hence this month’s sell-off (or so the tittle-tattle says) – akin to the move by Japanese households […]

By December 10, 2012 0 Comments Read More →
Gold Remains in Long Run Uptrend

Gold Remains in Long Run Uptrend

SPOT MARKET gold prices are more-or-less in line with where they were two weeks ago after failing to hold gains made during Asian trading. “Gold is still following its long term uptrend from 2008 lows,” say technical analysts at Scotiabank, “with support from the uptrend at $1632.” Silver fell back to around $33.50 an ounce, […]

By December 8, 2012 0 Comments Read More →
Momentum in Gold Unlikely to Come Back Until New Year

Momentum in Gold Unlikely to Come Back Until New Year

FIRDAY morning saw the gold price drop below $1700 an ounce again, while stock markets, commodities and the Euro all fell ahead of the final US nonfarm payrolls release of 2012. Accrding to several sources the consensus forecast among analysts ahead of the report was for 93,000 jobs added in November, with the official unemployment rate expected […]

By December 7, 2012 0 Comments Read More →
Weakness in Gold Not Sustainable: China, Investors and Central Banks Buy on Dips

Weakness in Gold Not Sustainable: China, Investors and Central Banks Buy on Dips

SPOT MARKET prices to buy gold rose back above $1705 an ounce during Tuesday morning’s London session, though it remained below where it started the week following falls overnight, while stock markets also edged higher along with the Euro after European leaders welcomed progress on Greece’s debt buyback program. Silver meantime fell to around $33.30 an ounce, […]

By December 4, 2012 0 Comments Read More →
Exciting Week Ahead for Gold as Silver Hits 6-Week High

Exciting Week Ahead for Gold as Silver Hits 6-Week High

The DOLLAR PRICE of physical gold rose back to $1734 per ounce in London on Friday morning, nearing the top of the last 5 weeks’ trading range as so-called “risk assets” also crept higher. Asian and European stock markets were slightly stronger, while the single Euro currency pushed back above $1.29. Commodity prices added 0.5% […]

By November 25, 2012 0 Comments Read More →
Euro Holding Gains Despite France Downgrade, Indian Banks Banned from Lending for Gold Purchases

Euro Holding Gains Despite France Downgrade, Indian Banks Banned from Lending for Gold Purchases

SPOT MARKET prices for buying gold traded above $1730 an ounce throughout Tuesday morning in London, up 1% for the week so far, while the Euro also held onto gains made yesterday despite news that a second ratings agency this year has downgraded France. Gold rose by more than $20 during Monday’s trading, following reports that a deal […]

By November 20, 2012 0 Comments Read More →
Gold and Silver Rise With Stocks on Fiscal Cliff Hopes

Gold and Silver Rise With Stocks on Fiscal Cliff Hopes

 By Gainesville Coins – Monday, November 19, 2012 …. Gold and silver posted strong gains as risk sentiment surged on waning fears over the fiscal cliff. However, while Friday’s talks between President Obama and Congressional leaders may have been construed as constructive, Congress is in recess for Thanksgiving until November 26th. The clock is ticking and very little […]

Consider “Gifting” Your Precious Metals Investments To Heirs Says Dillon Gage Metals

Consider “Gifting” Your Precious Metals Investments To Heirs Says Dillon Gage Metals

Gifts are a way to avoid inheritance and estate taxes legally Estate taxes can eat up the value of everything you’ve worked hard to accumulate, leaving your heirs with less than you anticipated. This is particularly true in the case of precious metal because taxes on the exchange of precious metals are higher than on […]

Eurozone Enters Recession, Worldwide Gold Demand Down in Q3

Eurozone Enters Recession, Worldwide Gold Demand Down in Q3

THE DOLLAR gold price drifted lower to $1720 an ounce during Thursday morning’s London session, around ten Dollars down on the week, as stocks and the Euro also drifted lower following the release of weak economic growth data from the Eurozone. The silver price dropped below $32.60 an ounce, more-or-less exactly where it started the week, while other […]

By November 15, 2012 0 Comments Read More →
Importers of Gold Digesting Higher Prices

Importers of Gold Digesting Higher Prices

SPOT MARKET gold prices hovered just below $1738 an ounce Monday morning in London, close to three-week highs, while stocks and commodities were broadly flat and the Euro traded near two-month lows against the Dollar, as the US and Greece both contemplated upcoming fiscal difficulties. Silver prices traded around $32.70 an ounce, also near three-week highs. Bullion […]

By November 12, 2012 0 Comments Read More →
Obama Win Means Loose Monetary Policy Will Stay

Obama Win Means Loose Monetary Policy Will Stay

SPOT PRICES for buying gold fell back to $1720 an ounce Wednesday morning in London, after hitting two-week highs following news of the re-election of Barack Obama as US president. “Gold is making significant gains on the back of a weak US Dollar,” said this morning’s commodities note from Commerzbank. Prices for buying silver fell back below $32 an […]

By November 7, 2012 0 Comments Read More →
 
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