Tag: Precious Metals

Gold & Silver Fall to 2010 Levels on Bernanke Comments

Gold & Silver Fall to 2010 Levels on Bernanke Comments

  SPOT MARKET gold and silver prices fell to their lowest levels since September 2010 Thursday, with gold dropping through $1300 an ounce during London trading and silver falling below $20 an ounce. Stocks and commodities also fell and the US Dollar strengthened after US Federal Reserve chair Ben Bernanke told a press conference that […]

Gold Market Has Seen Paradigm Shift in Investor Attitudes

Gold Market Has Seen Paradigm Shift in Investor Attitudes

GOLD drifted to a one-week low below $1380 an ounce Tuesday morning, as silver dipped below $21.80 an ounce, with stocks and commodities broadly flat on the day ahead of tomorrow’s US Federal Reserve decision, with analysts speculating on whether the Fed will give details of when and how it might slow down its quantitative […]

What Will The Federal Open Market Committee Try To Hide This Time?

What Will The Federal Open Market Committee Try To Hide This Time?

By Patrick A. Heller Commentary on Precious Metals Prepared for CoinWeek.com ….. This week, the Federal Open Market Committee (FOMC) is holding their regularly scheduled two-day meeting on Tuesday and Wednesday.  As usual, at the conclusion of the meeting, a brief statement will be issued.  These statements are among the most highly scrutinized of any government […]

When Is A Dollar Not Worth A Dollar?

When Is A Dollar Not Worth A Dollar?

By Patrick A. Heller Commentary on Precious Metals Prepared for CoinWeek.com ….. Question:  When is a dollar not worth a dollar? Answer:  When the US government says so. Money market funds were developed in the 1970s as a way for investors to park short-term money in assets that generally provided higher returns than interest-bearing savings accounts.  […]

Tug of War in Gold and Silver… Blame Bernanke for Recent Volatility

Tug of War in Gold and Silver… Blame Bernanke for Recent Volatility

GOLD PRICES hovered just below $1380 an ounce Wednesday morning in London, with silver trading around $21.80, after the metals failed to break through $1380 and $22 respectively. European stock markets ticked higher by lunchtime – with the exception of Germany’s DAX – regaining some of yesterday’s losses, which were followed by sell offs in […]

Gold Falls to 3-Week Low with Talk of Slowing QE

Gold Falls to 3-Week Low with Talk of Slowing QE

SPOT GOLD fell to three week lows below $1370 an ounce Tuesday, as stocks and commodities also fell amid ongoing speculation over when the US Federal Reserve might begin reducing the size of its quantitative easing program. “Gold remains bearish while trading below the $1424 current June high,” reckons Commerzbank senior technical analyst Axel Rudolph. […]

Five Big Lies About Gold And Silver

Five Big Lies About Gold And Silver

By Patrick A. Heller Commentary on Precious Metals Prepared for CoinWeek.com ….. As I have said before, the price of gold represents a report card on the US government, economy, and dollar.  If the price of gold is stable, that is probably a positive sign for all three.  If, instead, the price of gold is continuously […]

Gold Trying to Build Base as Retail Demand Counters More ETF Selling

Gold Trying to Build Base as Retail Demand Counters More ETF Selling

The GOLD PRICE fell $10 per ounce after reaching almost $1400 for the 5th time this week in London trade Friday morning. Silver held tight around $22.50 per ounce, managing only one-third of gold’s 2.0% gain for the week. After yesterday’s 7% plunge Japan’s stock market bounced, but other Asian equities fell, as did European […]

A Different View of Silver

A Different View of Silver

by Miguel Perez-Santalla  BullionVault ……… Why does silver move so much further, and faster, than gold…? The SILVER MARKET often gets a bum rap. The reason is that often its gyrations are much greater than those of the gold market. What causes this? There are theories that bankers and investment companies are conspiring to try […]

Eloise Ullman Has Announced her Retirement from The Industry Council for Tangible Assets (ICTA)

Eloise Ullman Has Announced her Retirement from The Industry Council for Tangible Assets (ICTA)

The search begins at The Industry Council for Tangible Assets. After 23 years of distinguished service, Eloise Ullman has announced her retirement as executive director of the Industry Council for Tangible Assets, effective later this year. The officers of the tangible asset/numismatic industry’s national trade association launched an immediate search May 9 for a successor. […]

Precious Metals Fall as US Dollar Holds Gains, India’s New Import Restrictions Could Cut Gold Imports by 50%

Precious Metals Fall as US Dollar Holds Gains, India’s New Import Restrictions Could Cut Gold Imports by 50%

SPOT MARKET gold bullion prices fell to $1430 an ounce Monday, 1.2% down on where they ended last week, as stock markets also fell and the US Dollar held onto most of its gains from last week. Silver fell to $23.70 an ounce – 0.8% down on last week’s close – as other commodities also […]

Gold Could Retest $1322 Low

Gold Could Retest $1322 Low

SPOT MARKET gold bullion prices fell to two-week lows Friday, drifting lower towards $1440 an ounce during this morning’s London session before dropping sharply through that level, as stocks gained and most commodities fell as the Dollar strengthened against major currencies. Silver fell to $23.34 an ounce, while copper prices ticked higher. “The risk [for gold] […]

Did the Drop in Gold Price Affect Trading in Coins and Precious Metals? VIDEO

Did the Drop in Gold Price Affect Trading in Coins and Precious Metals? VIDEO

Interviewer: David Lisot Video Runtime: 2:35 ………… The precious metals took a major correction recently with prices moving to the downward dramatically. Gold dropped more than $200 in a drop in futures prices attributed to a major electronic sell by ETF and other trading funds along with less than expected economic news from China. Did […]

Gold Gets Support from Retail Demand, But Investor Confidence Dealt Severe Blow

Gold Gets Support from Retail Demand, But Investor Confidence Dealt Severe Blow

GOLD started the week by edging higher Monday, trading around $1475 per ounce by lunchtime in London, as stocks also gained, US Treasuries were broadly flat and the Euro edged higher against the Dollar following news that Italy’s borrowing costs have fallen. Strong demand for physical gold from private households meantime continues to cause bottlenecks and […]

ModernCoinMart’s “MCM Star Bullion” Silver and Gold Products Make Debut

ModernCoinMart’s “MCM Star Bullion” Silver and Gold Products Make Debut

ModernCoinMart (MCM), a division of John Maben Rare Coins, Inc., of Sarasota, Florida, has entered the branded bullion market with their “MCM STAR Bullion” line of gold and silver products. Designed by numismatic artist Charles D. Daughtrey and custom minted by the renowned Sunshine Minting Company of Idaho, the entire line of MCM Star Bullion […]

By April 27, 2013 0 Comments Read More →
Retail Buying Dominates Gold Action But Bullion Not Trading as Safe Haven

Retail Buying Dominates Gold Action But Bullion Not Trading as Safe Haven

WHOLESALE gold prices rose back above $1430 per ounce Monday morning for the first time since last Monday’s price drop, amid reports of strong buying in Asia, while stocks gained and US Treasuries fell. Silver meantime ticked higher above $23.60 an ounce, though remained below Friday’s high, while other commodities also gained with the exception […]

Precious Metals Prices: THE BATTLE OF THEORY AND REALITY

Precious Metals Prices: THE BATTLE OF THEORY AND REALITY

by Al Doyle for CoinWeek …… Anyone with even a marginal interest in precious metals is aware of the brutal beatdown in gold and silver spot prices over the past four days. From its April 12 London close of $1535.50, gold fell off the cliff to $1395, with an even lower close of $1352.60 in […]

By April 16, 2013 7 Comments Read More →
Interest in Gold Disappears and Silver Acting More Like Base Metal

Interest in Gold Disappears and Silver Acting More Like Base Metal

U.S. DOLLAR prices to buy gold dipped back below $1600 an ounce Tuesday morning, though they remained close to that level by lunchtime in London, as the physical bullion market re-opened following the Easter break. Stock markets edged higher in Europe despite news of record high unemployment and contracting manufacturing sectors, while major government bond […]

Gold Back Below $1600 after Cyprus Deal, “Could Test Low at $1522″

Gold Back Below $1600 after Cyprus Deal, “Could Test Low at $1522″

U.S. DOLLAR gold prices fell back below $1600 per ounce Monday morning in London, falling back towards where they started last week, as stocks and commodities gained after news that Cyprus has agreed a bailout deal. “We expect gold to move sideways this week with, however, a tendency for lower prices,” says a note from […]

Why I Do Not Want Gold And Silver Prices To Soar!

Why I Do Not Want Gold And Silver Prices To Soar!

By Patrick A. Heller Commentary on Precious Metals Prepared for CoinWeek.com ….. By now I think most of you know that I own a company that buys and sells a lot of gold and silver products.  You have probably also heard me predict that gold and silver prices have a strong likelihood of a major increase […]

SILVER 101 Series: Don’t Get Fixated On The Spot Price

SILVER 101 Series: Don’t Get Fixated On The Spot Price

by Al Doyle for CoinWeek …… Silver investors tend to check the current spot price before making a purchase. That’s a logical starting point, as the cost for physical metal is usually – but not always – related to spot. Don’t expect former premiums to remain in place when spot plunges. Why does this happen? […]

By March 12, 2013 1 Comments Read More →
The Coin Analyst: What’s Going on with Precious Metals?

The Coin Analyst: What’s Going on with Precious Metals?

by Louis Golino for CoinWeek ……… So far this year gold and silver have really been underperforming. Both have been stuck in a trading range for most of the past two months, and they have erased last year’s gains, which were already modest compared to their performance in the preceding decade. Precious market bulls keep […]

The Coin Analyst: U.S. Mint Raises Premiums on Precious Metal Coins as Metal Prices Decline

The Coin Analyst: U.S. Mint Raises Premiums on Precious Metal Coins as Metal Prices Decline

by Louis Golino for CoinWeek ……… Last year the U.S. Mint saw its numismatic revenue decline by a third as a result of declining sales of gold and platinum coins due to higher underlying precious metal prices and strained collector budgets because of a still-struggling U.S. economy. Silver coins, on the other hand, continued to be […]

Patience Thin for Gold Investors on Worst Price-Drop in 9 Months, ETF Liquidation

Patience Thin for Gold Investors on Worst Price-Drop in 9 Months, ETF Liquidation

The PRICE of gold slipped again below $1600 per ounce on Thursday – a level first reached on the way up in July 2011 – to head for its worst one-month drop since May as world stock markets rose. Broad commodity markets were little changed, while silver bullion crept back above $29 per ounce. Down […]

By February 28, 2013 0 Comments Read More →
It’s Time to go All-in on Gold and Silver

It’s Time to go All-in on Gold and Silver

By Barry Stuppler Last week’s Gold and Silver trading was very educational and could be a pivotal point in the recent Gold downtrend. Let me explain, but first I need to share what a professional commodity trader (PCT) does for a living. He/she makes their living by trading commodities on a short term basis. Whether […]

By February 20, 2013 1 Comments Read More →
Gold Falls Below $1600 for First Time in 6 Months, Sharp Move Could Trigger Stronger Demand

Gold Falls Below $1600 for First Time in 6 Months, Sharp Move Could Trigger Stronger Demand

THE SPOT gold price dropped below $1600 an ounce for the first time in six months Wednesday, as the Dollar strengthened and stock markets were broadly flat, ahead of the publication of the latest Federal Reserve policy meeting minutes later today. Silver fell to $29.19 an ounce, also a six month low, while other commodity prices were […]

By February 20, 2013 0 Comments Read More →
G-20 Finance Ministers Finally Admit And Simultaneously Deny “Currency Wars”

G-20 Finance Ministers Finally Admit And Simultaneously Deny “Currency Wars”

By Patrick A. Heller Commentary on Precious Metals Prepared for CoinWeek.com ….. Within the space of a few days in mid-September 2012 the European Central Bank, the Federal Reserve Bank, and the Bank of Japan all announced plans to inflate their respective currencies.  This represented a scale of inflation never before experienced in world history. I […]

Price Discovery & Transparency in Precious Metals

Price Discovery & Transparency in Precious Metals

by Miguel Perez-Santalla – BullionVault ……. The price someone is willing to sell to you is not necessarily the value that you’d get for selling the same thing back… IT’S INTERESTING how people become accustomed to pricing. When we go to a retail store here in the United States of America, we accept the price […]

By February 19, 2013 1 Comments Read More →
CoinInfo.com Now Offering NEW Interactive Precious Metals Tables and Charts

CoinInfo.com Now Offering NEW Interactive Precious Metals Tables and Charts

Coininfo.com offers comprehensive information for both live metals prices and historical data to help you better analyze the metals market. This complete set of interactive tables and charts is offered exclusively by Coininfo.com. No other website gives you this much detailed data. The Live Prices table shows you the current spot prices for Gold, Silver, […]

By February 14, 2013 3 Comments Read More →
More Bad Economic News For The US Government

More Bad Economic News For The US Government

By Patrick A. Heller Commentary on Precious Metals Prepared for CoinWeek.com ….. The poor economic news is starting to come out in droves, but you wouldn’t know it if you only looked at the headlines of the US mainstream media. Buried in the stream of reports, the US Commerce Department last week revealed that the US […]

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