Tag: Precious Metals

Recent Optimism Making Gold’s Safe Haven Properties Redundant

Recent Optimism Making Gold’s Safe Haven Properties Redundant

U.S. DOLLAR gold prices fell to a one-week low Monday morning in London, dropping to $1660 per ounce, as dealers in Asia reported quiet trading, with China celebrating the Lunar New Year holiday. “We are neutral [on gold] until the current consolidation resolves itself,” says the latest technical analysis report from bullion bank Scotia Mocatta. Silver […]

By February 11, 2013 0 Comments Read More →
Futures Market Retreat Good for Gold in the Long Term, Spain Hit by Political Crisis

Futures Market Retreat Good for Gold in the Long Term, Spain Hit by Political Crisis

WHOLESALE MARKET gold prices hovered just below $1665 per ounce Monday morning in London, having failed to hold onto gains in earlier Asian trading, as stocks and commodities also ticked lower along with the Euro, which retreated from recent highs following news of a political scandal in Spain. Silver erased most of Friday’s gains this morning, […]

By February 4, 2013 0 Comments Read More →
End of an Era for Gold as S&P 500 Records Best January Since 1997

End of an Era for Gold as S&P 500 Records Best January Since 1997

THE U.S. DOLLAR gold price recovered some of its losses from the previous day Friday, edging higher to $1666 an ounce by the end of the morning in London, while most stock markets also edged higher ahead of US nonfarm payrolls data due out 08.30 Washington, DC time. A day earlier, gold dropped 1% during Thursday’s […]

By February 1, 2013 1 Comments Read More →
Safe Haven Assets Under Pressure: Gold & Silver Fall as Stock Markets Hit 5-Year Highs

Safe Haven Assets Under Pressure: Gold & Silver Fall as Stock Markets Hit 5-Year Highs

THE U.S. DOLLAR gold price extended its losses from last week Monday, dipping to a near-three-week low below $1655 per ounce during London’s morning trading, as stock markets ticked higher, with the FTSE 100 hitting its highest level since May 2008. The S&P 500 meantime climbed above 1500 last week for the first time since December 2007. […]

By January 28, 2013 0 Comments Read More →
Gold Cycle Could Turn This Year Says Goldman, Washington Politicians Will Keep Markets Nervous

Gold Cycle Could Turn This Year Says Goldman, Washington Politicians Will Keep Markets Nervous

THE DOLLAR gold price eased back below $1680 an ounce Wednesday morning, though it remained well within its trading range for the past month, while stock markets extended their losses for this week and US Treasuries gained. Silver hovered around $31.30 an ounce for most of this morning, also in line with its recent trading range, while […]

By January 16, 2013 0 Comments Read More →
Dillon Gage Is On the Go with Release of New Mobile App

Dillon Gage Is On the Go with Release of New Mobile App

Dillon Gage Metals has just made it easier to access precious metals information while on the go with the release of its free, new mobile application. The app, which can be downloaded from the App Store SM and Google Play, is compatible with Android, iPhone, iPod Touch and is optimized for iPhone 5. Through the […]

Dealers Report Very Strong Gold Demand from China and India

Dealers Report Very Strong Gold Demand from China and India

WHOLESALE gold bullion prices ended Tuesday morning in London at $1655 per ounce, regaining ground lost yesterday to climb back to where it started the week, with dealers reporting signs of strong demand from India and China, the world’s two biggest gold buying nations. Silver climbed to $30.40 an ounce, slightly up on the week so […]

Gold and Silver Gain Along with Stocks in Chaotic and Unsatisfactory Fiscal Deal

Gold and Silver Gain Along with Stocks in Chaotic and Unsatisfactory Fiscal Deal

SPOT MARKET gold prices started the year by touching a two-week high above $1680 per ounce Wednesday morning, as European stock markets also gained following news of a deal in Washington to avoid the so-called fiscal cliff. Gold in Euros and Sterling by contrast were little changed on the day by late morning in London, recovering […]

The Coin Analyst: The Year in Precious Metals

The Coin Analyst: The Year in Precious Metals

by Louis Golino for CoinWeek …… In 2012 gold and silver prices were up for the year, but they failed to retrace the record levels of 2011. Silver outperformed for the year, achieving an increase of 9.4% compared to gold, which was up 6.6%. It has been more challenging than usual to analyze the precious […]

By December 21, 2012 1 Comments Read More →
Gold Prices Expected to Rise in 2013, Dillon Gage’s Roy Friedman Predicts

Gold Prices Expected to Rise in 2013, Dillon Gage’s Roy Friedman Predicts

Targets of $2,000 an ounce and even higher are in sight Gold prices have advanced every year in the last decade and are poised for their eleventh straight year of gains in 2012, according to Dillon Gage Metals Executive Vice President Roy Friedman. Next year, gold prices could reach $2,000 an ounce for the first […]

The US Government’s Plans To Stick It To The American People In 2013

The US Government’s Plans To Stick It To The American People In 2013

By Patrick A. Heller Commentary on Precious Metals Prepared for CoinWeek.com As we come to the end of the calendar year, it is good to do an overall synopsis of what the US government will unleash on the American people in the coming year. No matter the temporary wrangling in Washington over the “fiscal cliff,” the […]

More Statistical Evidence That The US Dollar Is Doomed

More Statistical Evidence That The US Dollar Is Doomed

By Patrick A. Heller Commentary on Precious Metals Prepared for CoinWeek.com The magazine The Economist has just issued their annual economic review, this year titled The World in 2013. The issue does cover a number of social and political issues. Among the highlights are individual forecasts for economies of 79 of the larger nations. A commonly […]

Massive, Open-Ended Stimulus Expected from Fed

Massive, Open-Ended Stimulus Expected from Fed

THE WHOLESALE gold price rose to $1712 an ounce Tuesday morning in London, a few Dollars above where they started the week, while stocks edged higher and US Treasury bonds fell ahead of tomorrow’s Federal Reserve policy decision. All-but-one of 49 economists polled by news agency Bloomberg predict the Fed will buy US Treasury bonds in addition […]

By December 11, 2012 0 Comments Read More →
Gold Remains in Long Run Uptrend

Gold Remains in Long Run Uptrend

SPOT MARKET gold prices are more-or-less in line with where they were two weeks ago after failing to hold gains made during Asian trading. “Gold is still following its long term uptrend from 2008 lows,” say technical analysts at Scotiabank, “with support from the uptrend at $1632.” Silver fell back to around $33.50 an ounce, […]

By December 8, 2012 0 Comments Read More →
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 →
Weakness in Gold Not Sustainable: China, Investors and Central Banks Buy on Dips

Weakness in Gold Not Sustainable: China, Investors and Central Banks Buy on Dips

SPOT MARKET prices to buy gold rose back above $1705 an ounce during Tuesday morning’s London session, though it remained below where it started the week following falls overnight, while stock markets also edged higher along with the Euro after European leaders welcomed progress on Greece’s debt buyback program. Silver meantime fell to around $33.30 an ounce, […]

By December 4, 2012 0 Comments Read More →
Exciting Week Ahead for Gold as Silver Hits 6-Week High

Exciting Week Ahead for Gold as Silver Hits 6-Week High

The DOLLAR PRICE of physical gold rose back to $1734 per ounce in London on Friday morning, nearing the top of the last 5 weeks’ trading range as so-called “risk assets” also crept higher. Asian and European stock markets were slightly stronger, while the single Euro currency pushed back above $1.29. Commodity prices added 0.5% […]

By November 25, 2012 0 Comments Read More →
Gold and Silver Rise With Stocks on Fiscal Cliff Hopes

Gold and Silver Rise With Stocks on Fiscal Cliff Hopes

 By Gainesville Coins – Monday, November 19, 2012 …. Gold and silver posted strong gains as risk sentiment surged on waning fears over the fiscal cliff. However, while Friday’s talks between President Obama and Congressional leaders may have been construed as constructive, Congress is in recess for Thanksgiving until November 26th. The clock is ticking and very little […]

Consider “Gifting” Your Precious Metals Investments To Heirs Says Dillon Gage Metals

Consider “Gifting” Your Precious Metals Investments To Heirs Says Dillon Gage Metals

Gifts are a way to avoid inheritance and estate taxes legally Estate taxes can eat up the value of everything you’ve worked hard to accumulate, leaving your heirs with less than you anticipated. This is particularly true in the case of precious metal because taxes on the exchange of precious metals are higher than on […]

Eurozone Enters Recession, Worldwide Gold Demand Down in Q3

Eurozone Enters Recession, Worldwide Gold Demand Down in Q3

THE DOLLAR gold price drifted lower to $1720 an ounce during Thursday morning’s London session, around ten Dollars down on the week, as stocks and the Euro also drifted lower following the release of weak economic growth data from the Eurozone. The silver price dropped below $32.60 an ounce, more-or-less exactly where it started the week, while other […]

By November 15, 2012 0 Comments Read More →
Importers of Gold Digesting Higher Prices

Importers of Gold Digesting Higher Prices

SPOT MARKET gold prices hovered just below $1738 an ounce Monday morning in London, close to three-week highs, while stocks and commodities were broadly flat and the Euro traded near two-month lows against the Dollar, as the US and Greece both contemplated upcoming fiscal difficulties. Silver prices traded around $32.70 an ounce, also near three-week highs. Bullion […]

By November 12, 2012 0 Comments Read More →
“Experts” Shy Away From Short-Term Gold And Silver Price Forecasts

“Experts” Shy Away From Short-Term Gold And Silver Price Forecasts

By Patrick A. Heller Commentary on Precious Metals Prepared for CoinWeek.com This past week there were two investment conferences held simultaneously—the decades-old New Orleans Investment Conference and the 10th Annual Silver Summit.  I flew to Spokane, Washington to make a presentation to the attendees at the Silver Summit. There were a number of speakers at the […]

APMEX BULLION CENTER DEBUTS ON EBAY

APMEX BULLION CENTER DEBUTS ON EBAY

by Al Doyle –  exclusively for CoinWeek.com ……. In recognition of the strong and growing market for precious metals, eBay and APMEX have teamed up to launch the APMEX Bullion Center on eBay. Beginning October 16th, eBay customers will be able to access APMEX’s inventory and current prices from the home page of the popular […]

By October 16, 2012 5 Comments Read More →
Political Campaign Lies And Manipulation Of Gold And Silver Prices

Political Campaign Lies And Manipulation Of Gold And Silver Prices

By Patrick A. Heller Commentary on Precious Metals Prepared for CoinWeek.com According to the US Census Bureau as of 9 AM Eastern on October 2, 2012, the estimated population of the US was 314,544,755.  As of January 1, 2009, the Census Bureau estimated that the US population was 305,529,237.  So, since Barack Obama became president on […]

Gold Hits New High for the Year, Breaching $1790

Gold Hits New High for the Year, Breaching $1790

SPOT MARKET prices to buy gold climbed to $1794 an ounce ahead of Thursday’s US session, a new 2012 high, while stock markets were broadly flat and US Treasury bonds fell ahead of the publication of minutes from the latest Federal Reserve policy meeting. “We are watching for a break to the upside through $1790 resistance, which […]

Gold Hovers After Touching New Highs

Gold Hovers After Touching New Highs

WHOLESALE gold prices hovered in a tight range just below $1780 an ounce for most of Tuesday morning in London, just below a new 2012 spot market high touched yesterday following comments from US Federal Reserve policymakers. Silver prices traded just below $35 per ounce, close to seven-month highs, while stocks and the Euro ticked higher despite […]

Why The US Dollar Will Not Soon Lose Its Status As The World Reserve Currency

Why The US Dollar Will Not Soon Lose Its Status As The World Reserve Currency

By Patrick A. Heller Commentary on Precious Metals Prepared for CoinWeek.com I have written extensively about the different means by which the US dollar is declining in use for international transactions. It wasn’t that long ago that the dollar was the monetary unit used in over 80% of all international commerce. Today that percentage is down […]

By September 27, 2012 4 Comments Read More →
Two-Week Low Just What Gold Needed, Long-Term Uptrend Safe

Two-Week Low Just What Gold Needed, Long-Term Uptrend Safe

WHOLESALE-MARKET prices to buy gold eased $5 in London on Thursday after an overnight rally to $1760 per ounce. The Euro currency also eased lower after rallying to $1.29 – some 2¢ below the 5-month high hit a fortnight ago – as Spain was set to unveil its latest government budget cuts and Italy’s economy […]

By September 27, 2012 0 Comments Read More →
Bullion Prices Should Break Higher After Consolidation Period

Bullion Prices Should Break Higher After Consolidation Period

SPOT MARKET gold bullion prices traded around $1765 an ounce Tuesday morning in London, 1.8% off last Friday’s seven-month high. “It looks to me like we’ve got a short period of consolidation,” says Standard Chartered analyst Daniel Smith. “[We'll see] maybe a month of sideways trading possibly and then generally trending higher in the next six months […]

By September 25, 2012 0 Comments Read More →
What If Only 3% of Adults Wanted To Purchase Physical Gold And Silver?

What If Only 3% of Adults Wanted To Purchase Physical Gold And Silver?

By Patrick A. Heller Commentary on Precious Metals Prepared for CoinWeek.com The general public probably attributes the recent strength in gold and silver prices to a huge surge in demand from a wide swath of the population. That perception is completely false. Bron Suchecki of Australia’s Perth Mint was recently interviewed by the Financial Survival Network. […]

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