Tag: Gold

Coins impacted when gold skyrockets to record price

Coins impacted when gold skyrockets to record price

By Steve Roach – http://www.steveroachonline.com First published in the August 29, 2011, issue of Coin World Investors went crazy for gold the week starting Aug. 7, building on the last decade of gains to an explosive high of $1,801 an ounce in the futures markets while reaching a New York intra-day high of $1,799.20 an […]

By August 17, 2011 0 Comments Read More →
Daily Bullion Market Update 8/17/11

Daily Bullion Market Update 8/17/11

By Barry Stuppler – MintStateGold.com GOLD Gold continued its move back to $1,800 per ounce today. At 11am PDT gold was selling for $1,792.00, up $10.70 per ounce on active trading. Yesterday’s statements from the meeting between the heads of France and Germany failed to quell Wall Street’s fears about euro zone leaders’ ability to […]

Daily Bullion Market Update 8/16/11

Daily Bullion Market Update 8/16/11

By Barry Stuppler – MintStateGold.com GOLD Today we are seeing gold build an excellent trading range from $1,763 to $1,787 on solid volume.  At 11am PDT gold is trading at $1,781.30 up $18.10 per ounce on the day. After this morning’s comments by French President Nicolas Sarkozy on euro zone proposals the gold market rallied […]

Daily Bullion Market Update 8/15/11

Daily Bullion Market Update 8/15/11

By Barry Stuppler – MintStateGold.com GOLD Gold opened $10 lower in Asia before sizeable buying came into the market.  After the extraordinary trading last week that virtually set new record highs daily, it is nice to see gold stabilizing and trading in a narrow band.  Gold has traded in a $20 range today, holding at […]

Daily Bullion Market Update 8/12/11

Daily Bullion Market Update 8/12/11

By Barry Stuppler – MintStateGold.com GOLD Overnight trading in Asia was very supportive to the current price range. Finally, we are seeing stability in the gold trading which had a 2 ½ % trading range in the last 24 hours.  The low to high trading range for gold was $1,724/$1,769 with excellent volume. I would […]

Daily Bullion Market Update 8/11/11

Daily Bullion Market Update 8/11/11

By Barry Stuppler – MintStateGold.com GOLD Gold is trading at $1,740.22 per ounce this morning at 11am PDT, down $36.28 per ounce on normal volume. At one point in overnight trading in Asia gold hit an All-Time high of $1,815.40. What the gold market could use right now is a week or two of stabilization […]

The Coin Analyst: The Explosion in Gold Prices and the Gold Coin Market

The Coin Analyst: The Explosion in Gold Prices and the Gold Coin Market

by Louis Golino for Coin Week In the past three days (August 8-10) the price of gold has seen the largest percentage and dollar increase ever in such a brief period. Gold has surpassed the $1800 level as I write this article.  This bullish trend shows no sign of abating any time soon. And an […]

Daily Bullion Market Update 8/10/11

Daily Bullion Market Update 8/10/11

By Barry Stuppler – MintStateGold.com GOLD Another day, another All-Time high for Gold.  WOW what a run, and all information is pointing to continued demand.  At 11am PDT Gold is trading at $1,776.50 per ounce, up $34.00 on very, very active trading. At this current pace, my $1,900 year end prediction looks low.  J.P. Morgan’s […]

Daily Bullion Market Update 8/9/11

Daily Bullion Market Update 8/9/11

By Barry Stuppler – MintStateGold.com GOLD At 11am PDT gold is trading at $1,742.50 per ounce, up $27.50 on very active trading. Gold did hit a new all-time high at $1.782 in overnight trading in Asian markets. This is a pivotal point for the U.S. Dollar & Gold, and yes, gold has gone parabolic as […]

Daily Bullion Market Update 8/8/11

Daily Bullion Market Update 8/8/11

By Barry Stuppler – MintStateGold.com GOLD Rating agency Standard & Poor’s says it has downgraded the U.S. credit rating from its top rank of AAA to AA+. Rating agencies analyze risk and give debt a “grade” that reflects the borrower’s ability to pay the underlying loans. The safest bets are stamped AAA. That’s where U.S. […]

Daily Bullion Market Update 8/5/11

Daily Bullion Market Update 8/5/11

By Barry Stuppler – MintStateGold.com GOLD After yesterday’s 500+ drop in the DJIA, the volatility and volume of trading was the highest day for gold and silver I have seen in months. Today gold has calmed down, with trading in a narrow $18 range compared to $45 yesterday. At 11am PDT gold is trading at […]

By August 5, 2011 0 Comments Read More →
Daily Bullion Market Update 8/4/11

Daily Bullion Market Update 8/4/11

By Barry Stuppler – MintStateGold.com GOLD What a day we had today. Gold ran up to $1,683.30 per ounce. Then, as the Stock Market got hammered down over 350 points, we saw gold being sold.  The traders believe this was “hitting the Piggy Bank” type selling. When hedge funds and financial institutions are hit with […]

Daily Bullion Market Update 8/3/11

Daily Bullion Market Update 8/3/11

By Barry Stuppler – MintStateGold.com GOLD With the Dollar getting hammered, and the Worlds Equity Markets down sharply, including the DJIA down nine days in a row, we are seeing a run to safety. Gold is the ultimate safe haven investment. So it is not surprising to see gold trading at another new All-Time high […]

Daily Bullion Market Update 7/28/11

Daily Bullion Market Update 7/28/11

By Barry Stuppler – MintStateGold.com GOLD As the pressure builds on Congress to provide Debt Ceiling legislation that would pass both houses and be signed into law by the President, we are seeing higher volume and volatility in the precious metal markets.  Gold has traded in a $19 range today, down $.40 cents at 11am […]

Daily Bullion Market Update 7/27/11

Daily Bullion Market Update 7/27/11

By Barry Stuppler – MintStateGold.com GOLD Gold is trading very actively today with a $21 range, hitting a new all-time high of $1,629.50 earlier this morning. At 11am PDT gold is trading at $1,615.30, down 90 cents an ounce. The Debt Ceiling Crisis in Washington DC is the primary focus of the precious metal markets. […]

By July 27, 2011 0 Comments Read More →
Daily Bullion Market Update 7/26/11

Daily Bullion Market Update 7/26/11

By Barry Stuppler – MintStateGold.com GOLD At 11am PDT Gold is trading at $1,616.20, up $2.40 per ounce on average trading volume.  Today the gold market has had a very narrow trading range of only $10.00, as it awaits news from Washington on the debt ceiling.  All I can say after listening to the President […]

By July 26, 2011 0 Comments Read More →
You Responsible Enough to Own Gold and Silver?

You Responsible Enough to Own Gold and Silver?

By Patrick A Heller – Liberty Coin Service The decision to own gold or silver usually involves more than making a decision to diversify an investment portfolio or to choose assets with a long-term positive track record. For a lot of people, the choice to own gold or silver signifies taking responsibility for one’s financial […]

Daily Bullion Market Update 7/21/11

Daily Bullion Market Update 7/21/11

By Barry Stuppler – MintStateGold.com GOLD The gold price is down $8.90 trading at $1,589.00 at 11am PDT in very active trading. The gold market is focused on news from the latest Eurozone economic summit, where they are working on a second bailout package for Greece and measures to prevent the spread of sovereign debt […]

Gold Bugs Rejoice as Gold Hits Record Price

Gold Bugs Rejoice as Gold Hits Record Price

By Steve Roach – http://www.steveroachonline.com First published in the August 1, 2011, issue of Coin World Gold bugs rejoiced as gold hit a new all-time high on July 13, reaching nearly $1,590 an ounce in New York before closing at $1,583.50. Gold is up more than 10 percent in 2011, climbing for each of the […]

Daily Bullion Market Update 7/15/11

Daily Bullion Market Update 7/15/11

By Barry Stuppler – MintStateGold.com GOLD Gold continues it’s breakout, now trading up for nine days in a row from the July 1st low of $1,487.  Gold is setting new all-time highs daily, currently trading at $1,591.80 at 11am PDT, up an additional $2.10 per ounce. Traders are still focused on the DEBT, whether it […]

Daily Bullion Market Update 7/14/11

Daily Bullion Market Update 7/14/11

By Barry Stuppler – MintStateGold.com GOLD It’s now eight days in a row that Gold has increased in value.  At 11am PDT today gold has set another record all-time high at $1,589.70, up another $5.60 in very active trading. Gold has now increased over $102 (6.8%) since its recent July 1st low of $1,487.20. Gold […]

Daily Bullion Market Update 7/13/11

Daily Bullion Market Update 7/13/11

By Barry Stuppler – MintStateGold.com I hate the “I told you so” type people, So, I will not say it. GOLD Gold is trading at a new ALL-TIME HIGH of $1,584.10 at 11am PDT today, up $22.70 per ounce on very active trading. Gold has now increased in value seven days in a row.  The […]

Daily Bullion Market Update 7/12/11

Daily Bullion Market Update 7/12/11

By Barry Stuppler – MintStateGold.com GOLD Up, Up, and Away, Gold is up for the sixth day in a row. Gold is trading at $1,561.40 at 11am PDT, up $13.30 per ounce on heavy volume.  Again, I believe staying above the important $1,550 resistance level will lead to setting a new all-time high (above $1,575) […]

Daily Bullion Market Update 7/11/11

Daily Bullion Market Update 7/11/11

GOLD Gold continues to rally today based on continued safe haven buying concerns. The debt problems of Greece, Italy, and Portugal are back, while our debt ceiling dilemma in the U.S. is the focus of the news media. At 11am PDT gold is trading at $1,548.10, up $5.80 per ounce in active trading. Gold reached […]

By July 11, 2011 0 Comments Read More →
Daily Bullion Market Update 7/07/11

Daily Bullion Market Update 7/07/11

GOLD Up, Up, and Away… the Gold rally continues with gold trading at $1,532.10, up another $3.40 an ounce at 11am PDT. It’s becoming more and more clear that the primary issue driving gold prices both up and down is DEBT. Whether it is Euro Debt, Japanese Debt, or lifting the U.S. Debt ceiling, both […]

Daily Bullion Market Update 7/06/11

Daily Bullion Market Update 7/06/11

GOLD Gold was up another $20.10 per ounce today, trading at $1,528.70 at 11am PDT, on negative Eurozone news. Moody’s gave the markets a painful reminder late yesterday that the debt crisis in the peripheral Eurozone countries is far from over. Moody’s lowered Portugal’s credit rating four notches (to Ba2) and further unsettled investors when […]

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 7/1/11

Daily Bullion Market Update 7/1/11

By Barry Stuppler – MintStateGold.com GOLD Gold is trading at $1,487.20 at 11am PDT, down $19.40 per ounce. With no clear reason for the selloff, this morning I called some friends who trade precious metals at the New York & Chicago Commodity Markets to ask why gold and silver prices are down today. Here is […]

Upward Pressure on Prices for High-End Rare Coins is Building

Upward Pressure on Prices for High-End Rare Coins is Building

By Mark Ferguson for CoinWeek – MFrarecoins.com The rare coin market has been building strength since the immediate shock wore off from the financial meltdown that occurred during the fall of 2008. But this took a year to get started. Buyers, in general, finally began feeling comfortable spending money on rare coins during the fall […]

Daily Bullion Market Update 6/29/11

Daily Bullion Market Update 6/29/11

By Barry Stuppler – MintStateGold.com GOLD Gold rallied in Asia as news from Greece indicated that the parliament was going to pass the austerity plan. Finally, in the face of a nationwide 48-hour strike and violent clashes in the Greek capital of Athens, the Greek parliament has voted in favor of a drastic $40.3 Billion […]

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