Tag: Federal Reserve

Gold Markets Report: Gold Mildly Higher – Bargain Hunting?

Gold Markets Report: Gold Mildly Higher – Bargain Hunting?

Commentary on Gold Prices for Monday, July 10, 2017 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc ……   Gold closed up $3.50 at $1,213.20 today in what looks like book squaring or perhaps some mild bargain hunting. The dollar firmed up since Friday – the Dollar Index moved from 95.75 […]

Gold Markets Report – Gold Ignores a Weaker Dollar

Gold Markets Report – Gold Ignores a Weaker Dollar

Commentary on Gold Prices for Tuesday, June 27, 2017 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc ……   Gold Prices closed up $0.50 today at $1,246.90 in what turned out to be an uneventful day. The domestic market opened higher ($1,250.00) – moved off that high and settled with no […]

Gold Markets Firm – Are You an Optimist or Pessimist?

Gold Markets Firm – Are You an Optimist or Pessimist?

Commentary for Tuesday, May 16, 2017 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc ……   Gold closed up $6.40 at $1,236.40 today. The gold market continues to attract minor attention – I say minor because most investors are still looking at stocks as investor “fear” has exited the theater. This […]

One Way or Another: New Legislation Seeks to Change America’s Circulating Coinage

One Way or Another: New Legislation Seeks to Change America’s Circulating Coinage

Two recent Republican bills aim to save taxpayers money By Hubert Walker for CoinWeek ….   Two new pieces of legislation have been introduced (in one instance, reintroduced) to Congress that seek to alter the landscape of our nation’s circulating coinage. COINS Act of 2017 Republican Senators John McCain (AZ) and Michael Enzi (WY) introduced […]

Gold & Silver Markets – Gold Pushes Higher

Gold & Silver Markets – Gold Pushes Higher

Commentary for Tuesday, March 21, 2017 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc ……   Gold closed up $12.50 today at $1,246.50 as the updraft continues. Gold has remained firm because generally the dollar has trended somewhat lower since last Wednesday. Last week the Dollar Index was happy between 101.00 […]

Gold and Silver Market Report – A Rate Hike and a Surprise

Gold and Silver Market Report – A Rate Hike and a Surprise

Commentary for Wednesday, March 15, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc ……   Gold closed down $1.90 at $1,200.70 – the gold market being closed by the time Janet Yellen talked about the FOMC expected 0.25 point rate hike. The interesting part of this story and the real […]

Gold Fades as the Dollar Grows Stronger

Gold Fades as the Dollar Grows Stronger

Commentary for Thursday, March 2, 2017 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc ……   Gold closed down $17.10 at $1,232.90 today in the face of rising optimism and it was a pretty rough day for all the metals. It will be tough for gold to get any traction as […]

U.S. Mint Releases Fort Knox Audit

U.S. Mint Releases Fort Knox Audit

By Everett Millman – Gainesville Coins …….   One of the most sensitive secrets protected by the Washington establishment is the massive cache of gold reserves held at the federal depository in Fort Knox, Kentucky. Locked Up Tighter Than Fort Knox According to official statistics, the United States holds far and away the largest gold […]

Gold and Silver Markets – Gold Settles for Quiet Weekly Finish

Gold and Silver Markets – Gold Settles for Quiet Weekly Finish

Commentary for Monday, February 6, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc ……   Gold closed up $1.40 at $1,220.80 USD on Friday and is higher by $32.40 on the week. My concern last week over price follow-through remains in place but it is nice to see that gold […]

The Coin Analyst: 2016: Year in Review

The Coin Analyst: 2016: Year in Review

By Joshua McMorrow-Hernandez for CoinWeek.com ……   Let’s face it – the year 2016 kept the news media industry busy. International terrorism, the mosquito-borne Zika virus, and a string of high-profile celebrity deaths stole the headlines in 2016. Meanwhile, a hotly contested presidential election in the United States pitted former First Lady and senator Hillary […]

Gold and Silver Markets – Gold Closes Lower

Gold and Silver Markets – Gold Closes Lower

Commentary for Tuesday, December 20, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc ……   Gold closed down $9.10 today at $1,133.60 in choppy trading. The gold and silver markets closed weaker because the dollar pushed higher in early trading. The Dollar Index closed yesterday at 103.13 and reached a […]

Gold Markets – Gold Modestly Firm but Interesting Plus Black Money in India

Gold Markets – Gold Modestly Firm but Interesting Plus Black Money in India

Commentary for Monday, December 12, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc ……   Gold closed up $3.90 at $1165.80 – not much but it could be important. An interesting price pattern in gold today considering this Tuesday and Wednesday will be dominated by the latest FOMC information including […]

By December 12, 20160 Comments Read More →
Gold Markets Commentary – The Trump Effect on Gold – No one really knows.

Gold Markets Commentary – The Trump Effect on Gold – No one really knows.

Commentary for  November 10, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc ……   Gold closed down $10.40 today at $1264.90. Gold is weak today because the dollar is higher – the Dollar Index moved from 98.25 to 99.25 today before settling somewhat. So let me ask you a question […]

By November 11, 20160 Comments Read More →
Gold Markets – Gold Lower on Election News

Gold Markets – Gold Lower on Election News

Commentary for Monday, November 7, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold price closed down $23.90 today at $1278.30 in a surprise move to the downside – giving up most of last week’s $30.00 advance. It’s true that gold price is softer and stocks rallied because of […]

The Real Diehl: The Inside Story of the Sacagawea Dollar

The Real Diehl: The Inside Story of the Sacagawea Dollar

The Real Diehl is a select column by former United States Mint Director Philip N. Diehl, exclusively for CoinWeek …..   This series of articles will give readers an insider’s view of how Washington, DC, works (and doesn’t work) from my perspective as director of the U.S. Mint The complete story of how the Sacagawea dollar (aka, the Golden […]

The Coin Analyst –  Should the U.S. Return to the Gold Standard?

The Coin Analyst – Should the U.S. Return to the Gold Standard?

By Louis Golino for CoinWeek ……   August 15 marks the 45th anniversary of the end of the gold standard. In 1971 President Richard M. Nixon ended the convertibility of the dollar with gold, which paved the way for the system of floating, fiat currencies that exists today. Ever since then the U.S. dollar has […]

Tips for Beginners: Coin Collecting by the Roll

Tips for Beginners: Coin Collecting by the Roll

By Littleton Coin Company ………..   Collecting coins by the roll has always offered a “hoarding appeal” – if owning a single desirable coin is fun, why not own a whole roll of them! But roll collecting has been popular for another reason in recent years. The U.S. Mint’s heavy workload, including quarters and dollars […]

Gold Markets Report – Gold Closes Strong on BOJ News

Gold Markets Report – Gold Closes Strong on BOJ News

Commentary for Friday, July 29, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …..   Gold closed up $16.50 today on the Comex at US$1,350.30. This is the highest level gold has seen this week – the lowest close being $1,319.30 – the spread being $31.00. The gold markets got […]

Precious Metals Market – Tycoon Reaps $1.3 Billion on Silver

Precious Metals Market – Tycoon Reaps $1.3 Billion on Silver

By Everett Millman – Gainesville Coins …….   Mexico’s second-richest man, Alberto Bailleres, has benefited greatly from his extensive position in precious metals so far this year. Between his majority stake in a pair of Mexican mining companies, Industrias Penoles SAB and Fresnillo Plc, the gold and silver magnate has outpaced his wealthiest counterparts in […]

Gold Markets Report – Gold Surges over Disappointing Jobs Number

Gold Markets Report – Gold Surges over Disappointing Jobs Number

Commentary for Friday, June 3, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc ……   Gold closed up $30.90 on the Comex today at $1240.70 so it continues to surprise. Of course the reason gold popped to the upside was the dismal jobs’ number. This was not what Janet Yellen […]

Gold Market Report – Gold Blinks in the Face of Higher Interest Rates

Gold Market Report – Gold Blinks in the Face of Higher Interest Rates

Commentary for Friday, May 27, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc ……   Gold market closed down $11.40 at $1207.70 in another round of selling going into the long weekend. Fed Chair Janet Yellen’s public comments today were very hawkish – she is pleased with most aspects of […]

Bullion Shark Analysis: Will the Federal Reserve Raise Rates?

Bullion Shark Analysis: Will the Federal Reserve Raise Rates?

The Federal Reserve spooked gold and silver markets this week once again with talks about a rate hike in June if economic conditions do not deteriorate. Even though multiple economic indicators have pointed to a slowing U.S. economy, the Federal Reserve members did not see this as something of much concern or something that would […]

Gold Markets Report – Gold Breaks Lower over Possible Interest Rate Hike

Gold Markets Report – Gold Breaks Lower over Possible Interest Rate Hike

Commentary for Tuesday, May 24, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …..   Gold closed down $22.60 at $1228.90 – this was the other shoe falling. The easy answer as to why gold continued to sag this morning… new home sales. The actual number blew past the estimate […]

The Coin Analyst – The 2016 GOP Presidential Race and the Gold Standard

The Coin Analyst – The 2016 GOP Presidential Race and the Gold Standard

By Louis Golino for CoinWeek ….   As happened four years ago when Ron Paul and other GOP presidential candidates came out in support of a new gold standard–it was even included in the 2012 GOP platform–several candidates have expressed support for the idea during the current GOP presidential race. Ted Cruz and the gold […]

Gold and Metals Market Report – Gold Continues to Attract Attention

Gold and Metals Market Report – Gold Continues to Attract Attention

Commentary for Thursday, April 29, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc ……   Gold closed up $15.30 on the Comex today $1265.50 – a not unexpected rise after yesterday’s inaction by the FOMC but there are a few more factors to consider. Gold finished the day on an […]

US Paper Money – An Open Letter from Secretary Lew

US Paper Money – An Open Letter from Secretary Lew

By Secretary of the Treasury Jacob “Jack” Lew …..   [The following is the text of Treasury Secretary Jack Lew’s April 20 announcement concerning the redesign of the $5, $10 and $20 Federal Reserve notes, which confirmed that Harriet Tubman will become the first African-American ever and the first woman to appear on the front […]

Gold Market Report – Gold Moves Higher as the Dollar Sinks

Gold Market Report – Gold Moves Higher as the Dollar Sinks

Commentary for Tuesday, April 19, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc ….. Gold closed up $19.00 today on the Comex at $1,252.60. This is not the “magic” number but it is magic enough if you know what I mean. The reason for this upward pressure was two factors […]

Gold Market Report – Gold Finally Reacts to Dovish Fed Minutes

Gold Market Report – Gold Finally Reacts to Dovish Fed Minutes

Commentary for Thursday, April 7, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …..   Gold closed up $15.00 on the Comex today at $1228.00. This is starting to look like a ping-pong match – even though the dollar was flat. I wish this up-draft was a game-changer but my […]

Gold Markets Report – Gold Closes Virtually Unchanged – Ignoring the Panama Papers

Gold Markets Report – Gold Closes Virtually Unchanged – Ignoring the Panama Papers

Commentary for Monday, April 4, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …….   Gold closed down $1.90 today on the Comex at $1218.30. The overnight markets were very flat – gold traded within a $5.00 range in both Hong Kong and London and the domestic market moved between […]

Gold & Silver Markets – Gold Dips on the Job Numbers

Gold & Silver Markets – Gold Dips on the Job Numbers

Commentary for Friday, April 1, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc ……   Gold closed down $13.80 on the Comex today at $1220.20. This move is a bit on the curious side in that the market initially moved to the $1210.00 range and then recovered half of the […]

 
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