Tag: Precious Metals

Critical Week Ahead for Gold Bugs as Fed Meets and Bear Market Continues

Critical Week Ahead for Gold Bugs as Fed Meets and Bear Market Continues

LONDON gold in Dollars terms traded flat for the week Friday morning, holding around $1230 per ounceafter what one analyst calls “a tumultuous few days.” Stockmarkets ticked higher but London’s FTSE100 headed for a 1.5% drop on the week. Silver also erased the last of its mid-week gains, which reached 5.0% yesterday morning, to trade […]

By December 15, 2013 0 Comments Read More →
Independent Precious Metals Market Analysts Running Conservative

Independent Precious Metals Market Analysts Running Conservative

By Patrick A. Heller Commentary on Precious Metals Prepared for CoinWeek.com ….. When you see gold and silver future price projections put out by the likes of Goldman Sachs, JPMorgan Chase, HSBC, Bank of America, Citigroup, and other trading partners of the US government, keep in mind that they are almost certainly being told what to […]

Consumer Demand for Gold Up 53% in Q2 2013 Led by Strong Growth in China and India

Consumer Demand for Gold Up 53% in Q2 2013 Led by Strong Growth in China and India

The latest World Gold Council Gold Demand Trends report, which covers the period April-June 2013, highlights how recent falls in the gold price have generated significant increases in demand, most notably from consumers in China and India – by far the biggest markets for gold – compared with the same time last year. Globally, jewellery […]

Fed Minutes Split Metals Traders, India’s Festival Gold “Already Stockpiled”

Fed Minutes Split Metals Traders, India’s Festival Gold “Already Stockpiled”

London Gold Market Report from Adrian Ash BullionVault Wednesday, 21 August 08:15 EST BULLION prices recovered most of an earlier dip lunchtime Wednesday in London, with gold trading 1.2% lower for the week so far ahead of policy-meeting minutes from the US Federal Reserve. Asian and European stock markets fell once again, as did commodities […]

Changes in Silver Part 3: So Who Is Buying?

Changes in Silver Part 3: So Who Is Buying?

by Miguel Perez-Santalla BullionVault With photography gone, and PV not plugging the gap, where is silver seeing the strongest demand…? FOR ALL ITS monetary and investment history, silver is by far an industrial metal today. The industrial sector consumed close to 466 million ounces of silver in 2012 according to the Silver Institute. Add what’s left […]

Bernanke Claims Not to Understand What Affects Gold Prices

Bernanke Claims Not to Understand What Affects Gold Prices

by Tony Davis – Atlanta Gold & Coin Buyers ………. Ben Bernanke, the Federal Reserve’s Chairman, in testimony before Congress on Thursday made several comments in reference to the price of gold.  While claiming not to understand what affects gold prices, he stated that falling gold prices indicate that investors are less concerned about “extreme” […]

Precious Metals Prices and the Numismatic Market. VIDEO: 3:06

Precious Metals Prices and the Numismatic Market. VIDEO: 3:06

Brian Cushing, Dick Osburn Rare Coin, Daniel Kedem, Gainesville Coin, Larry Lee, Coin and Bullion Reserve, & Daniel Frank Sedwick, Treasure Coins. Interviewer: David Lisot…….. Precious metals prices have been very erratic lately. Gold dropped more than $200 an ounce in April 2013 and silver has been equally as volatile. How do these price swings […]

By July 20, 2013 0 Comments Read More →
Industry Insider: IRS Reporting Rules for Cash Transactions and Precious Metals

Industry Insider: IRS Reporting Rules for Cash Transactions and Precious Metals

By Richard Schwary – California Numismatic Investments The question of what is reportable when buying or selling precious metals is the most popular of all investor questions today at California Numismatic Investments (www.golddealer.com). And as you can tell by the title this commentary is our third revision at understanding what the government had in mind […]

No wonder high prices for collectibles – an abundance of  FIAT money…..?

No wonder high prices for collectibles – an abundance of FIAT money…..?

By Geoffrey Cope  –  www.petetioncrown.com A person wishes to save money. They put it in a bank and in return, receive almost no interest whatsoever. But still, the idea is that, by putting it in the bank, at least it will be safe. A bank is not a casino, ooops maybe it is? They are supposed to be […]

The Coin Analyst:  What Should Gold Investors Do Now?

The Coin Analyst: What Should Gold Investors Do Now?

By Louis Golino for CoinWeek Ever since last Wednesday, June 19, when gold began its second major drop of the year, market pundits and analysts have been weighing in on why gold has declined so much and what the prospects are for the future. The decline was set off by a widely-anticipated Federal Reserve Bank […]

“Sour” Investment Sentiment Sees Gold Head for Biggest Quarterly Drop on Record

“Sour” Investment Sentiment Sees Gold Head for Biggest Quarterly Drop on Record

London Gold Market Report from Ben Traynor BullionVault Thursday 27 June 2013, 08:00 EDT “Sour” Investment Sentiment Sees Gold Head for Biggest Quarterly Drop on Record WHOLESALE gold bullion prices fell back towards $1230 an ounce Thursday morning in London, having ticked higher in earlier Asian trading, as stocks and commodities were little changed on the day […]

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 […]

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