Bullion & Metals

Liquidation Could Send Silver Down to $18

Liquidation Could Send Silver Down to $18

By Ben Traynor – BullionVault  Euro Weakness “Contributing to Gold’s Fall”, Lagarde “Throws the Gauntlet Down” to Merkel WHOLESALE MARKET gold prices traded as low as $1560 an ounce Friday morning, before recovering some ground by lunchtime in London, while European stock markets were also down and commodities were broadly flat. Silver prices meantime sank to a […]

The Coin Analyst: Gold’s New Role in the Global Monetary System and the Euro Zone Crisis

The Coin Analyst: Gold’s New Role in the Global Monetary System and the Euro Zone Crisis

by Louis Golino for CoinWeek….. Knowledge is power when it comes to any kind of investing.  There is probably no area where that is more true than precious metals, where being savvy can make all the difference between success and failure. But being knowledgeable about the precious metal markets is not simply a matter of […]

London Gold Market Report

London Gold Market Report

FOMC “Influencing Gold More Than Eurozone”, Extending Operation Twist “May Not Be Sufficient”, Spanish Borrowing Costs Soar The silver price traded in a tight range just below $29 an ounce – 1.7% up on Monday’s low. Over in India, traditionally the world’s biggest gold buying nation, local press report that the Rupee gold price set a fresh record in Delhi Tuesday, […]

Gold Jumps Again But Rangebound Below $1640

Gold Jumps Again But Rangebound Below $1640

The WHOLESALE MARKET gold price rose again as New York trading began on Wednesday, extending yesterday’s 1.8% jump to reach $1620 per ounce as new data showed US retail sales falling faster-than-expected in May. Silver bullion recovered an earlier slip to trade just shy of $29.00 per ounce. The Euro currency held flat but European […]

Gold Falls Following “Bernanke Curve Ball”, US “Lacks Credible Fiscal Plan”

Gold Falls Following “Bernanke Curve Ball”, US “Lacks Credible Fiscal Plan”

WHOLESALE MARKET prices for gold bullion hit a low of $1561 an ounce during Friday’s Asian session – 4.8% down on this week’s high – while stocks and commodities also fell this morning and major government bond prices gained. On the currency markets, the Euro dropped back below $1.25 as the Dollar rallied, after Federal […]

Dillon Gage Offering New, One-Ounce Johnson Matthey Silver Bars

Dillon Gage Offering New, One-Ounce Johnson Matthey Silver Bars

Dillon Gage Metals, wholesale dealers of precious metals in Dallas, is carrying newly minted, one-ounce bars of silver from renowned metals refiner Johnson Matthey (JM). These small bars from London-based Johnson Matthey are a liquid investment that can be easily sold. Johnson Matthey discontinued production of its one-ounce silver bars in the 1980s — leading […]

London Gold Market Report

London Gold Market Report

Gold Falls Through $1550, “Bulls Misjudged the Dollar” as Euro Crisis Sparks EU Wrangling The U.S. DOLLAR gold price fell further on Wednesday morning, trading at 1-week lows beneath $1550 per ounce as world stock markets dropped and the Euro hit a fresh two-year low amid fresh debt woes in the 17-nation currency union. The […]

The Right Time to Buy Gold

The Right Time to Buy Gold

By Barry Stuppler CoinWeek Content Partner …….. I am proud to say that I have been actively trading Gold since President Ford signed legislation that legalized private Gold coin and bar ownership, which took effect December 31, 1974. During those 37 years the Gold price moved from $103 in August of 1976 to $850 in […]

Gold “Testing $1550″ as Stocks Sink, Bund Yields Vanish, Investors Flee Risk for Cash

Gold “Testing $1550″ as Stocks Sink, Bund Yields Vanish, Investors Flee Risk for Cash

The WHOLESALE gold price bounced from a 4-session low at $1552 per ounce Wednesday morning in London, rallying with the Euro currency as world stock markets slumped. The Athens stock market hit a fresh 22-year low, and Wall Street futures pointed 0.7% down, while US Treasuries rose sharply together with Japanese, German and UK bonds. […]

Toxic Euro Corroding Gold

Toxic Euro Corroding Gold

The Euro has become a very odd, very toxic asset… WHAT’S UP with the gold price? Not a lot. Gold is down, in fact. So is everything else outside the US Dollar and “safe” sovereign debt. “I think what we can expect is a rate cut from the ECB [European Central Bank],” reckons Joachim Fels, […]

APMEX Physical – 1 oz. Gold Redeemable Trust Files Registration Statement and Preliminary Prospectus

APMEX Physical – 1 oz. Gold Redeemable Trust Files Registration Statement and Preliminary Prospectus

OKLAHOMA CITY, OK. – May 22, 2012 – APMEX Precious Metals Management Services, Inc. today announced that APMEX Physical – 1 oz. Gold Redeemable Trust (the “Trust”) has filed a registration statement in the United States and a preliminary prospectus in Canada. The Trust will be managed by APMEX Precious Metals Management Services, Inc., a […]

China, central banks and ETFs underpin demand for gold

China, central banks and ETFs underpin demand for gold

Global gold demand in Q1 2012 was 1,097.6 tonnes (t), down 5% from the high demand levels seen in Q1 2011 (1,150.7t), according to the World Gold Council’s Gold Demand Trends report. This decrease was largely to be expected given the introduction of import taxes in India and high gold prices. Gold demand value however, […]

Precious Metals Report at TNA Coin Convention 2012

Precious Metals Report at TNA Coin Convention 2012

Mac Beavers, Wholesale Trader, APMEX Interviewer: David Lisot. Hundreds of coin dealers come to the major coin conventions including precious metals traders. Mac Beavers of APMEX shares his perspective of the recent prices in gold and silver. Runtime 2:46 Copyright © CoinWeek LLC – May 2012 54th annual Texas Numismatic Association Convention Coin and Currency […]

QE3 Not Off the Table as Euro Crisis Gives Gold Significant Upside

QE3 Not Off the Table as Euro Crisis Gives Gold Significant Upside

WHOLESALE MARKET spot gold prices hit a 7-session high just below $1600 per ounce in London trade early Monday, before dropping back through last week’s finish at $1593 as European stock markets rose for the first time in two weeks. Spanish and Portuguese bond prices both fell, as did “safe haven” German and US debt. […]

The Jim Kingsland Show with an expert on Gold and Silver

The Jim Kingsland Show with an expert on Gold and Silver

The Jim Kingsland Show with an expert on Gold and Silver Author: Jim Kingsland I chat with co-president Bob Higgins of Certified Assets Management about gold and silver and storing your metals. Interesting Stuff.

Counterattack by Bulls Sets Up Gold for Weekly Gain

Counterattack by Bulls Sets Up Gold for Weekly Gain

WHOLESALE MARKET gold prices climbed as high as $1594 an ounce during Monday morning’s London trading, jumping 1.5% in the first two hours, while Eurozone stocks looked to have stemmed four days of losses despite Greece and Spain seeing negative ratings decisions. A day earlier, Dollar prices to buy gold jumped 2% in two hours during […]

Jump in Gold as France Refutes EU Pact

Jump in Gold as France Refutes EU Pact

THE WHOLESALE MARKET gold price jumped at the start of New York trade on Thursday, cutting the week’s previous 3.3% dive to 5-month lows in half as the Euro fell and Eurozone stock markets slumped once again. The gold price touched $1558 per ounce before easing $3 lower. Silver did not follow, failing to break […]

$1522 Next Target for Gold

$1522 Next Target for Gold

London Gold Market Report from Ben Traynor WHOLESALE MARKET gold bullion prices dipped below $1550 an ounce for the first time since December on Tuesday – a fall of 7% since the start of this month – before regaining some ground by lunchtime in London. “The bear channel support had been at $1581,” say technical […]

Bull Market in Gold Not Over But Speculators Turn Bearish

Bull Market in Gold Not Over But Speculators Turn Bearish

THE PRICE OF GOLD and gold futures dropped yet again Monday morning, recording the seventh drop in nine trading days in May so far as industrial commodities, global stock markets and the Euro currency all sank amid Athens’ failure to negotiate a new coalition government. Silver bullion also fell hard, touching $28.44 per ounce and […]

Stronger Dollar Makes Gold Rally Difficult, Chinese Buyers On the Sidelines

Stronger Dollar Makes Gold Rally Difficult, Chinese Buyers On the Sidelines

WHOLESALE MARKET gold prices touched their lowest level since the first week of January Friday, hitting $1574 an ounce before recovering some ground, while stocks and commodities fell and US Treasury bonds gained, with dealers in major gold buying countries reporting continued limited demand for precious metals. Silver prices fell to $28.54 an ounce – […]

The Coin Analyst: The Euro Crisis, Currency Wars, and the Outlook for Precious Metals

The Coin Analyst: The Euro Crisis, Currency Wars, and the Outlook for Precious Metals

by Louis Golino for CoinWeek Many analysts regularly predict the break-up of the euro zone and even of the European Union, but in reality neither development is likely, especially in the near future. While it is true that the prospects for a Greek exit from the euro look increasingly likely in the aftermath of the […]

Gold Hits 4-Month Low as Markets Fear Greece

Gold Hits 4-Month Low as Markets Fear Greece

SPOT MARKET gold bullion prices fell to their lowest level in four months during Wednesday morning’s London trading, hitting $1581 an ounce – 3.7% down on the week so far – while European stock markets and commodities also fell and US Treasuries gained, with Greek uncertainty continuing to cast a shadow. A day earlier, gold […]

Gold Breaks 3-Month Rule for 1st Time in 11 Years

Gold Breaks 3-Month Rule for 1st Time in 11 Years

Last time gold fell for 3 months running was March 2001. And so…? IT HAD BECOME so rare, you could take its absence for granted to buy gold on the cheap. Between March 2001 and April 2012, the price of gold never fell for 3 months in succession. So expecting “two months max” made for […]

Physical Bullion Demand Giving “No Support”, S&P Downgrades Spanish Banks

Physical Bullion Demand Giving “No Support”, S&P Downgrades Spanish Banks

SPOT MARKET gold bullion prices held above $1660 an ounce during Monday’s morning trading London – holding on to gains from last week of 1.1% – while stock markets ticked lower, commodities were broadly flat and US and German government bonds gained as Spain continued to generate headlines. “On the physical front [however] things were […]

The Coin Analyst: U.S. Mint Plans for 75th Anniversary San Francisco Silver Eagle Set Address Critics’ Concerns

The Coin Analyst: U.S. Mint Plans for 75th Anniversary San Francisco Silver Eagle Set Address Critics’ Concerns

by Louis Golino for CoinWeek The U.S. Mint has announced that it will honor the 75th anniversary of the San Francisco branch of the U.S. Mint with a special two-coin American silver eagle proof set. The set will include two proof silver eagles with San Francisco mint marks. One will be a regular proof coin, […]

Where Bullion Investing And Coin Collecting Merge – PART 2

Where Bullion Investing And Coin Collecting Merge – PART 2

by Al Doyle for CoinWeek Please click here to read Part One of this Article Collectors with a hard money mentality who want to go beyond familiar series such as the American silver Eagle and Canadian Maple Leaf have a growing number of options when it comes to one-ounce silver pieces. It could take some […]

By April 30, 2012 1 Comments Read More →
US Monetary Coercion Could Backfire, Resulting In A Global Gold Standard

US Monetary Coercion Could Backfire, Resulting In A Global Gold Standard

By Patrick A. Heller Commentary on Precious Metals Prepared for CoinWeek.com On March 17, through pressure from the US government and some European nations, Iran was cut off from access to the Society for Worldwide Interbank Financial Telecommunications (SWIFT) system. Belgium-based SWIFT handles almost all international banking transactions. Cutting off Iran from SWIFT was an […]

The Coin Analyst: There’s More to Gold’s Future Than Quantitative Easing

The Coin Analyst: There’s More to Gold’s Future Than Quantitative Easing

by Louis Golino for CoinWeek There is no question that the policies of the U.S. Federal Reserve Bank, specifically its role in shaping monetary policy, have a big impact on precious metal markets. The Fed sets short-term interest rates, whereas long-term rates are pegged to the 10-year Treasury bond, which is a function of how […]

Stack’s Bowers Galleries Unveils Gold-Dispensing ATM Machine

Stack’s Bowers Galleries Unveils Gold-Dispensing ATM Machine

Only the Second of its Kind in North America Stack’s Bowers Galleries, leading retailer and auctioneer of premium collectible coins, currency and precious metals, and division of Spectrum Group International, Inc. (SPGZ.PK), tomorrow will unveil its first GOLD to go™ ATM machine at the Golden Nugget Casino in Atlantic City, N.J. The world famous hotel […]

More Investors Opt to Place Gold and Silver in Depositories

More Investors Opt to Place Gold and Silver in Depositories

Many investors who acquire precious metals as an asset and as a way to diversify their investment portfolios are storing them in insured depositories rather than taking personal possession. In fact, more individuals are storing gold and silver than at any time in recent history, and for good reasons, according to Diamond State Depository, a […]

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