Tag: Bullion & Metals

Gold Push Softens Around $1240.00 – Technical or Tired?

Gold Push Softens Around $1240.00 – Technical or Tired?

Commentary for Wednesday, Oct 16, 2014 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc.……… Gold closed down $3.60 at $1240.50 today. So the recent push to higher ground may be in need of a rest – or the push may be running out of gas. I’m not saying gold is finished […]

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 →
The Coin Analyst: Groundwork for Gold-Backed Reserve Currency is Being Laid

The Coin Analyst: Groundwork for Gold-Backed Reserve Currency is Being Laid

by Louis Golino for CoinWeek….. Traditionally the notion of some new kind of gold standard is an idea that has appealed mainly to conservatives concerned about having a sound currency that does not lose its value over time to inflation. It was not long ago that any discussion of a new gold standard was considered […]

Gold “Alternating Between Up and Down Weeks”, More QE “Appropriate” for US Economy

Gold “Alternating Between Up and Down Weeks”, More QE “Appropriate” for US Economy

By Ben Traynor – BullionVault U.S. DOLLAR gold prices held above $1580 an ounce Monday morning in London – broadly in line with last week’s close – while major European stock markets were broadly flat on the day, with the exception of Spain’s Ibex.   Gold prices ended down last week, falling back below $1600 on Friday, following the […]

Gold In Sideways Range Ahead of European Summit

Gold In Sideways Range Ahead of European Summit

WHOLESALE MARKET gold bullion prices dropped below $1570 an ounce during Monday morning’s London session, though they remain broadly in line with where they ended last week, with markets focused on this week’s European leaders’ summit. Gold bullion is now at levels similar to those seen in the second week in May, when gold fell through $1600 […]

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 […]

$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 […]

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 […]

Bringing You “The Rest Of The Story”

Bringing You “The Rest Of The Story”

By Patrick A. Heller Commentary on Precious Metals Prepared for CoinWeek.com I get teased a lot as I present information that is overwhelming of the “doom and gloom” kind. I don’t really mean to come across that way. However, I think it is important that people make decisions for their own financial well-being on the […]

What Is The US Government Trying To Accomplish?

What Is The US Government Trying To Accomplish?

By Patrick A. Heller Commentary on Precious Metals Prepared for CoinWeek.com Five years ago, the M2 definition of the US money supply (including coins, currency, checking and savings accounts, CDs and money market funds) was about $7 trillion. At the beginning of 2011, it was near $9 trillion.Today it is approaching $10 trillion. This inflation […]

Gold Sinks to 3-Month Low as Fed “Distances Itself” from Further QE Stimulus

Gold Sinks to 3-Month Low as Fed “Distances Itself” from Further QE Stimulus

from Ben Traynor – BullionVault THE U.S. DOLLAR gold price hit its lowest level since early January on Wednesday morning,when it sank to $1622 an ounce ahead of US markets open. Silver prices dropped to $31.76 an ounce – a fall of 1.7% for the week so far, but still just above lastweek’s low. Stocks […]

Gunning for Gold: Why emerging market governments are turning their attention on the gold market

Gunning for Gold: Why emerging market governments are turning their attention on the gold market

Q: What links Turkey, India and Vietnam? A: Weak currencies, trade deficits – and a suspicion that gold is to blame… HERE’S the scenario: a falling currency, a widening trade deficit, and a population buying more and more gold. What’s the result?  Well, it tends to be an unhappy government – followed by a policy response. […]

Gold Remains Vulnerable while Silver Support Threatened by Downtrend, UK Deficit Surprises

Gold Remains Vulnerable while Silver Support Threatened by Downtrend, UK Deficit Surprises

By Ben Traynor London Gold Market Report WHOLESALE MARKET gold prices rose to $1660 an ounce Wednesday morning London time – more or less where they ended last week – before easing ahead of US markets open, while stock, commodity and government bond prices held broadly steady following news that the UK government deficit rose […]

A Top US Government Priority: Make People Afraid To Own Gold And Silver

A Top US Government Priority: Make People Afraid To Own Gold And Silver

By Patrick A. Heller Commentary on Precious Metals Prepared for CoinWeek.com As I have said many times, the number one reason to own some physical gold and silver is for insurance against declines in the value of paper assets such as currencies, stocks, and bonds. The price of gold is effectively a report card on […]

By March 8, 2012 7 Comments Read More →
China’s “Mystery” Gold Buyer

China’s “Mystery” Gold Buyer

by Adrian Ash BullionVault Was the People’s Bank of China really buying gold at the rate of 1 ounce in every 8 sold worldwide last quarter…? SO THOSE MILITANT crazies known to the mainstream media as “gold bugs” – and to the FBI as subversives – got the headline they’ve been longing for, apparently, last […]

By February 20, 2012 0 Comments Read More →
Blatant Suppression Of Silver Prices

Blatant Suppression Of Silver Prices

By Patrick A. Heller – Liberty Coin Service Commentary on Precious Metals Prepared for CoinWeek.com One tactic used by the US government, its trading partners, and allies in its effort to hold down the price of gold is to also manipulate the price of silver. Most of the time, gold and silver prices move in […]

Rush To Buy Physical Gold And Silver Hasn’t Started Yet

Rush To Buy Physical Gold And Silver Hasn’t Started Yet

By Patrick A. Heller – Liberty Coin Service Commentary on Precious Metals Prepared for CoinWeek.com Even though gold and silver prices are up significantly since the beginning of 2012, that doesn’t necessarily mean that this trend will continue.  Buyers and sellers modify their decisions as prices change. When you look at who is and who […]

China’s 2012 Gold Panic

China’s 2012 Gold Panic

by Adrian Ash BullionVault Wednesday, 11 January 2011 China’s latest gold figures look unrelentingly bullish. Too bullish perhaps… SO “GROWTH has [now] replaced inflation as Beijing’s top policy concern,” says Qu Hongbin, Asian economics expert at HSBC in Hong Kong, forecasting three cuts to China’s banking reserve requirements by July. “There is developing in Beijing, […]

By January 11, 2012 0 Comments Read More →
Even as silver market soars, ATB 5-ounce quarters cool off

Even as silver market soars, ATB 5-ounce quarters cool off

By Steve Roach – http://www.steveroachonline.com First published in the September 26, 2011, issue of Coin World As bullion continues to soar, one series whose fate is tied to silver comprises the America the Beautiful .999 fine 5-ounce silver quarter dollars. The Mint offers two versions of each issue: bullion examples that are available to authorized […]

By September 12, 2011 0 Comments Read More →
Daily Market Update 7/05/11

Daily Market Update 7/05/11

GOLD Gold is up $23.40 today, trading at $1,510.60 an ounce at 11am PDT. Gold rallied on light trading in Asia, the Middle East, and London, as bargain buying with gold under $1,500 stimulated investors and jewelry manufactures to add to their gold holdings. The rally continued in the U.S., breaking above the important $1,500 […]

Daily Bullion Market Update 5/26/11

Daily Bullion Market Update 5/26/11

GOLD Gold closed at $1,522.90, down $5.70 an ounce on average trading volume.  The Gold market is taking direction from the Greek debt crisis.  As the situation appears to be heading to a Greek debt default — gold and the dollar rally. When information comes out about a possible resolution to the problem — gold […]

Mint State Gold Daily Market Update 5/20/11

Mint State Gold Daily Market Update 5/20/11

GOLD Gold rallied sharply today, closing at $1,514.90, up $20.20 an ounce on high volume for a Friday. I can think of at least 20 reasons you need to build up your gold holding right now, but the #1 reason is that the World Governments Central banks are dumping U.S. Dollars and Securities and aggressively […]

It’s Not Too Late To Buy Gold And Silver

It’s Not Too Late To Buy Gold And Silver

By Patrick A. Heller – Liberty Coin Service Broadcast on WILS-1320 AM In just the past year, the price of gold is up more than 27% while silver has soared 107%! During the past decade the Dow Jones Industrial Average is up about 3% and the NASDAQ and Standard and Poors Index have declined. This […]

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