Bullion & Metals

Gold Market Newsletter : Gold Drifts at the Upper End of its Current Range

Gold Market Newsletter : Gold Drifts at the Upper End of its Current Range

Commentary for Wednesday, Nov 19th, 2014 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc.……… Gold closed down $3.10 at $1193.60 – a respectable finish considering early trading saw lows at $1173.00. The much awaited Federal Open Market Committee minutes were released with little fanfare – I guess the market is further […]

Precious Metals Market Report: Gold trims losses after Fed minutes – November 19, 2014

Precious Metals Market Report: Gold trims losses after Fed minutes – November 19, 2014

Precious Metals Market Report by Bill Musgrave – American Gold Exchange Gold trimmed its losses to 0.2% in volatile trade, closing just under $1,194 after the minutes from the Fed’s recent meeting showed concern about inflation expectations. Gold initially dropped as low as $1,174 early in the session on reports that support is waning for the Swiss gold […]

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Precious Metals Market Report: Gold jumps 1.2% as PPI hits dollar – November 18, 2014

Precious Metals Market Report: Gold jumps 1.2% as PPI hits dollar – November 18, 2014

Precious Metals Market Report by Bill Musgrave – American Gold Exchange Gold jumped 1.2%, closing at $1,197 after briefly topping $1,200, as weak U.S. wholesale inflation and upbeat sentiment in Germany undermined the dollar and boosted demand for alternative stores of value. The metal has now gained in three of the last four sessions, rising 3.3% since […]

By November 18, 2014 0 Comments Read More →
Precious Metals Market Report: Gold dips 0.2% on dollar, Draghi – November 17, 2014

Precious Metals Market Report: Gold dips 0.2% on dollar, Draghi – November 17, 2014

Precious Metals Market Report by Bill Musgrave – American Gold Exchange Austin — Gold dipped 0.2% to close at $1,183.50, holding on to most of Friday’s 2.1% surge, as a rebound in the dollar reduced demand for alternative stores of value. The dollar rose near a five-year high against a basket of major rivals after Mario Draghi said the ECB […]

By November 17, 2014 0 Comments Read More →
Asian Gold Market: Golden Dragons Grand Strategy

Asian Gold Market: Golden Dragons Grand Strategy

By Richard (Rick) Mills – Ahead of the Herd ……………… As a general rule, the most successful man in life is the man who has the best information. Zheng Bijian, a leading Chinese intellectual and reformer said: “The most important strategic choice the Chinese made was to embrace globalization.” China has made a new most important strategic […]

By November 17, 2014 0 Comments Read More →
Modern Legal Tender Silver Bullion Coins – The Big Three

Modern Legal Tender Silver Bullion Coins – The Big Three

By Richard Schwary – Ask The Expert – www.golddealer.com ……. The Big 3 when it comes to legal tender silver bullioncoins are of course the American Silver Eagle 1 oz, the Canadian Silver Maple Leaf 1 oz, and the Austrian Silver Philharmonic 1 oz. From a weight standpoint they are the same and all three […]

Precious Metals Market Report: Gold surges 2.1% on oil, OPEC view – November 14, 2014

Precious Metals Market Report: Gold surges 2.1% on oil, OPEC view – November 14, 2014

Precious Metals Market Report by Bill Musgrave – American Gold Exchange Gold surged 2.1% to close at a six-week high above $1,185 on speculation that OPEC may cut production, boosting demand for the metal as a hedge against higher oil prices. Gold initially dropped in early trade after reports that U. S. consumer sentiment hit a seven-year high last […]

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Precious Metals Market Report: Gold Gains 0.2% on Rising Jobless Claims – November 13, 2014

Precious Metals Market Report: Gold Gains 0.2% on Rising Jobless Claims – November 13, 2014

Precious Metals Market Report by Bill Musgrave – American Gold Exchange Gold gained for the second in three sessions, edging up 0.2% to close at $1,161.50, as higher jobless claims pressured the dollar and boosted demand for alternative stores of value. Initial claims for unemployment benefits rose by 12,000 last week, the most in two months, as layoffs […]

By November 13, 2014 0 Comments Read More →
Gold Market Newsletter : Gold Closes Again Choppy Capped by Lower Oil

Gold Market Newsletter : Gold Closes Again Choppy Capped by Lower Oil

Commentary for Thursday, Nov 13th, 2014 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc.……… Gold closed up $2.20 at $1161.10 edging somewhat higher but probably capped by lower oil prices. Saudi Arabia continues to pump disregarding lower prices and a weakening European picture. With this scenario you might wonder what they […]

Precious Metals Market Report: Gold Slips 0.3% as Dollar Rallies – November 12, 2014

Precious Metals Market Report: Gold Slips 0.3% as Dollar Rallies – November 12, 2014

Precious Metals Market Report by Bill Musgrave – American Gold Exchange Gold slipped 0.3% to close under 1,160 as an uptick in the dollar diminished demand for alternative store of value. The ICE Dollar Index rebounded by 0.3%, helped by a tumbling British pound after the Bank of England lowered its quarterly inflation forecast, pushing the prospect […]

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Gold Market Newsletter : Gold Moves Lower then Higher Following the Dollar

Gold Market Newsletter : Gold Moves Lower then Higher Following the Dollar

Commentary for Tuesday, Nov 11th, 2014 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc.……… Gold closed up a surprising $3.20 today at $1162.80 after being down and under pressure at the beginning of the trading session. The pressure was created because of the expectation of higher interest rates and subsequently a […]

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Precious Metals Market Report: Gold gains on dollar, physical buying – November 11

Precious Metals Market Report: Gold gains on dollar, physical buying – November 11

Precious Metals Market Report by Bill Musgrave – American Gold Exchange Gold picked up 0.3% in thin trade to close at $1,163, then added another $5 after hours as a softer dollar and rising physical demand in Asia and Europe boosted the metal. As Japan struggles with persistent disinflation and crumbling consumer sentiment, Prime Minister Shinzo Abe suggested […]

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Precious Metals Market Review: Gold Slides on Recovering Dollar – November 10, 2014

Precious Metals Market Review: Gold Slides on Recovering Dollar – November 10, 2014

Precious Metals Market Review by Bill Musgrave – American Gold Exchange Gold slid 0.9%, closing just under $1,160 as the dollar rebounded from Friday’s losses and global equities traded higher, eroding demand for alternative assets. The dollar recovered losses on Friday, when U.S. non-farm payrolls reported fewer jobs created in October than forecast. The disappointing employment data led […]

By November 10, 2014 0 Comments Read More →
The Coin Analyst: Modern World Coin Update for November

The Coin Analyst: Modern World Coin Update for November

By Louis Golino for CoinWeek…. As the end of the year approaches, there are some interesting new coins from various world mints on a wide range of themes.  Some are bullion, while others are numismatic issues, but all of them have low mintages and are intriguing in their own way.   Elephants instead of eagles? […]

By November 10, 2014 3 Comments Read More →
Gold Market Newsletter : Gold Higher on Russian Incursion

Gold Market Newsletter : Gold Higher on Russian Incursion

Commentary for Friday, Nov 7th, 2014 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc.……… Gold closed up $27.30 today at $1169.60. This jump in price was caused by two factors – first a warming up geopolitical situation as Russian army tanks once again threaten Ukraine – and second the dollar began […]

Precious Metals Market Review: Gold slides 0.2% on ECB stimulus

Precious Metals Market Review: Gold slides 0.2% on ECB stimulus

Precious Metals Market Review by Bill Musgrave – American Gold Exchange Gold slid 0.2% to close at $1,142.60, posting its seventh straight down session as the dollar extended its rally after the ECB announced deeper monetary stimulus in the Eurozone. Following a meeting of the ECB’s governing council, Mario Draghi said the central bank will boost asset purchases […]

By November 7, 2014 0 Comments Read More →
Gold’s Fundamental Supply Picture

Gold’s Fundamental Supply Picture

By Richard (Rick) Mills – Ahead of the Herd ……………… As a general rule, the most successful man in life is the man who has the best information Demand Global gold demand was 964t in Q2 2014, significantly reduced from the record high in Q2 2013. ETF outflows slowed sharply. Central Banks continued to buy gold for […]

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Precious Metals Commentary: Gold falls 1.9% as dollar surges

Precious Metals Commentary: Gold falls 1.9% as dollar surges

Precious Metals Market Review by Bill Musgrave – American Gold Exchange November 5, 2014: Gold fell another 1.9%, closing near four-year lows under $1,146, as the dollar surged to a five-year high against major rivals, reducing demand for the metal as an alternative store of value. The dollar’s rise was fueled by Bank of Japan chief […]

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Precious Metals Market Review: November 4: Gold Near-flat after Trade Data

Precious Metals Market Review: November 4: Gold Near-flat after Trade Data

Precious Metals Market Review by Bill Musgrave – American Gold Exchange Gold traded nearly flat, edging down 0.1% to close near $1,168, as weaker economic reports in the U.S. and Eurozone put the dollar’s recent rally on hold. The U.S. trade deficit surged 7.6% in September as exports fell to a five-month low, signaling weaker global demand that may […]

By November 6, 2014 0 Comments Read More →
The Gold Newsletter : Gold Buckles Again as the Dollar Continues Strong

The Gold Newsletter : Gold Buckles Again as the Dollar Continues Strong

Commentary for Wednesday, Nov 5th, 2014 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc.……… Gold closed down $22.00 at $1145.40 – the lowest level we have seen since early 2010. This weakness is the result of continued dollar strength – the Dollar Index was up 0.51% – and the result on […]

Precious Metals Market Review: Gold slides 0.4% on factory data, dollar

Precious Metals Market Review: Gold slides 0.4% on factory data, dollar

Precious Metals Market Review by Bill Musgrave – American Gold Exchange Gold Market News for November 3, 2014. Gold slid 0.4% to close under $1,167, near a four-year low, as weak factory data almost everywhere but in the U.S. boosted the dollar, reducing demand for the metal as an alternative asset. Manufacturing in China fell to a five-month low […]

By November 4, 2014 0 Comments Read More →
Gold Market Commentary: Gold Modestly Lower on a Stronger Dollar

Gold Market Commentary: Gold Modestly Lower on a Stronger Dollar

Commentary for Friday, Nov 3rd, 2014 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc.……… Gold closed down $1.80 today at $1169.30 reacting to a very strong dollar and not much follow through from Friday’s big down day which saw gold off $27.00 on the BOJ announcement of further quantitative easing. The […]

The Royal Mint Expands Online Products to Include Fractional Gold Britannia Bullion Coins

The Royal Mint Expands Online Products to Include Fractional Gold Britannia Bullion Coins

Building on the successful launch in September of its new bullion trading website www.royalmintbullion.com, The Royal Mint is to expand its offering to include fractional gold bullion coins for the first time as part of its core range. The new additions – the Britannia Half-Ounce, the Britannia Quarter-Ounce and the Britannia Tenth-Ounce gold bullion coins […]

Gold Markets Hammered as the Bank of Japan Announces Fresh Stimulus

Gold Markets Hammered as the Bank of Japan Announces Fresh Stimulus

Commentary for Friday, Oct 31, 2014 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc.……… Gold closed down $27.00 today at $1171.00 and at one time traded as low as $1161.00 and has given up $60.00 on the week. As the Bank of Japan announced an additional $700 billion in stimulus the […]

Gold Markets: Gold Noncommittal Waiting for FOMC Results

Gold Markets: Gold Noncommittal Waiting for FOMC Results

Commentary for Wednesday, Oct 27, 2014 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc.……… Gold remains steady off $2.10 at $1229.10. The overnight Hong Kong and London markets lacked any direction and moved within a $3.00 range. The 30 day gold chart however shows gold is having trouble holding on to […]

Numismatic Quick Hits: Butte Nugget Sold + Bitcoin News + Denmark Cashes Out

Numismatic Quick Hits: Butte Nugget Sold + Bitcoin News + Denmark Cashes Out

By Charles Morgan and Hubert Walker for CoinWeek….   It’ll be a busy week for us here at CoinWeek. Charles will be leaving for Baltimore on Wednesday to attend the Whitman Expo. As always, you’re invited to stop by and say Hi if you’re in town. He’ll file his first show report Friday morning. In addition, we have a […]

Gold Markets: Gold Closes Up – Tepid and Not Firm

Gold Markets: Gold Closes Up – Tepid and Not Firm

Commentary for Wednesday, Oct 24, 2014 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc.……… Commentary for Friday, Oct 24, 2014 (www.golddealer.com) – Gold closed higher up $2.70 at $1231.10. Gold was steady in Hong Kong and London overnight trading but after a failed attempt to move above the $1240.00 range yesterday […]

Precious Metals Analysis : 5 Articles on China Buying over 2000 Tons of Gold

Precious Metals Analysis : 5 Articles on China Buying over 2000 Tons of Gold

How Much Gold Does the People’s Bank of China Have? One of the most fascinating developments in the gold market since the turn of the century is China’s burgeoning role as a leader in the sector. The Chinese have been buying gold and the Chinese have been producing gold in record numbers now, whereas 15 […]

By October 24, 2014 0 Comments Read More →
Gold Turns Lower against a Stronger Dollar and Continued Profit Taking

Gold Turns Lower against a Stronger Dollar and Continued Profit Taking

Commentary for Wednesday, Oct 23, 2014 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc.……… Gold closed down $16.30 at $1228.50 taking all the fizz out of recent action around the $1240.00 level. The dollar was strong as the Dollar Index saw a trading range of 85.66 through 85.88. I think today’s […]

Silver Market Tycoon Nelson Bunker Hunt Dead at 88

Silver Market Tycoon Nelson Bunker Hunt Dead at 88

By Charles Morgan and Hubert Walker for CoinWeek…. “A billion dollars ain’t what it used to be.” So said Texas oil magnate Nelson Bunker Hunt after he and his brother William Herbert Hunt, along with a group of wealthy Saudi partners, tried to profit by cornering the world’s silver market, only to have the entire […]

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