Tag: Precious Metals

This Week’s FOMC Meeting And Associated Market Manipulations Followed The Script

This Week’s FOMC Meeting And Associated Market Manipulations Followed The Script

By Patrick A. Heller Commentary on Precious Metals Prepared for CoinWeek.com Through the long term incompetency of both Republican and Democrat politicians, the US government has backed itself into a financial corner from which there will be no miracle rescue to avoid a catastrophe.  The only uncertainty is how long the politicians will try to […]

Liquidation Could Send Silver Down to $18

Liquidation Could Send Silver Down to $18

By Ben Traynor – BullionVault  Euro Weakness “Contributing to Gold’s Fall”, Lagarde “Throws the Gauntlet Down” to Merkel WHOLESALE MARKET gold prices traded as low as $1560 an ounce Friday morning, before recovering some ground by lunchtime in London, while European stock markets were also down and commodities were broadly flat. Silver prices meantime sank to a […]

Can Global Financial System Avoid Crashing Before November US Elections?

Can Global Financial System Avoid Crashing Before November US Elections?

By Patrick A. Heller Commentary on Precious Metals Prepared for CoinWeek.com As more people come to realize that “quantitative easing” (which is the current disguise to avoid stating “inflation of the money supply”) is simply a tax increase on everybody, support for this tactic will decline. But this growing opposition to depreciating the value of […]

The Coin Analyst: Gold’s New Role in the Global Monetary System and the Euro Zone Crisis

The Coin Analyst: Gold’s New Role in the Global Monetary System and the Euro Zone Crisis

by Louis Golino for CoinWeek….. Knowledge is power when it comes to any kind of investing.  There is probably no area where that is more true than precious metals, where being savvy can make all the difference between success and failure. But being knowledgeable about the precious metal markets is not simply a matter of […]

Gold Jumps Again But Rangebound Below $1640

Gold Jumps Again But Rangebound Below $1640

The WHOLESALE MARKET gold price rose again as New York trading began on Wednesday, extending yesterday’s 1.8% jump to reach $1620 per ounce as new data showed US retail sales falling faster-than-expected in May. Silver bullion recovered an earlier slip to trade just shy of $29.00 per ounce. The Euro currency held flat but European […]

Dillon Gage Opens Precious Metals Storage Center in Toronto

Dillon Gage Opens Precious Metals Storage Center in Toronto

New state-of-the-art depository will fill a need in the Canadian market Today, Dallas-based Dillon Gage Metals opened its newest subsidiary, International Depository Services of Canada (IDS) in Mississauga, Ontario, a suburb of Toronto. IDS is Canada’s first, full-service metals depository designed to meet the diverse needs of all precious metal market participants, from commercial entities […]

Royal Canadian Mint Celebrates 100 Years of “The Greatest Outdoor Show on Earth”

Royal Canadian Mint Celebrates 100 Years of “The Greatest Outdoor Show on Earth”

The Royal Canadian Mint is pleased to introduce beautifully designed and exquisitely crafted collector coins which continue to capture the spirit and excitement of the many milestones and anniversaries Canadians are celebrating in 2012. IT’S A COIN STAMPEDE AS THE ROYAL CANADIAN MINT CELEBRATES 100 YEARS OF “THE GREATEST OUTDOOR SHOW ON EARTH”, THE 25TH […]

The Right Time to Buy Gold

The Right Time to Buy Gold

By Barry Stuppler CoinWeek Content Partner …….. I am proud to say that I have been actively trading Gold since President Ford signed legislation that legalized private Gold coin and bar ownership, which took effect December 31, 1974. During those 37 years the Gold price moved from $103 in August of 1976 to $850 in […]

Stack’s Bowers to offer “Watermelon Collection” of Large Size Notes at the ANA World’s Fair Money in August

Stack’s Bowers to offer “Watermelon Collection” of Large Size Notes at the ANA World’s Fair Money in August

Stack’s Bowers Galleries, leading auctioneer and retailer of premium collectible coins, currency and precious metals, announces the offering of a sophisticated collection of United States Federally Issued banknotes pedigreed as the Watermelon Collection. This advanced assortment covers nearly all genres of the large size type issuance and will be a featured collection in the Stack’s […]

Toxic Euro Corroding Gold

Toxic Euro Corroding Gold

The Euro has become a very odd, very toxic asset… WHAT’S UP with the gold price? Not a lot. Gold is down, in fact. So is everything else outside the US Dollar and “safe” sovereign debt. “I think what we can expect is a rate cut from the ECB [European Central Bank],” reckons Joachim Fels, […]

Precious Metals Report at TNA Coin Convention 2012

Precious Metals Report at TNA Coin Convention 2012

Mac Beavers, Wholesale Trader, APMEX Interviewer: David Lisot. Hundreds of coin dealers come to the major coin conventions including precious metals traders. Mac Beavers of APMEX shares his perspective of the recent prices in gold and silver. Runtime 2:46 Copyright © CoinWeek LLC – May 2012 54th annual Texas Numismatic Association Convention Coin and Currency […]

The Coin Analyst: Gold and Greece: Latest Developments

The Coin Analyst: Gold and Greece: Latest Developments

by Louis Golino for CoinWeek The issue of Greece’s possible exit from the euro and its impact on the European and world economies is weighing heavily on the minds of political leaders and financial experts. As the prospects for that event loom ever larger, markets are in greater turmoil than probably at any time since […]

QE3 Not Off the Table as Euro Crisis Gives Gold Significant Upside

QE3 Not Off the Table as Euro Crisis Gives Gold Significant Upside

WHOLESALE MARKET spot gold prices hit a 7-session high just below $1600 per ounce in London trade early Monday, before dropping back through last week’s finish at $1593 as European stock markets rose for the first time in two weeks. Spanish and Portuguese bond prices both fell, as did “safe haven” German and US debt. […]

The Jim Kingsland Show with an expert on Gold and Silver

The Jim Kingsland Show with an expert on Gold and Silver

The Jim Kingsland Show with an expert on Gold and Silver Author: Jim Kingsland I chat with co-president Bob Higgins of Certified Assets Management about gold and silver and storing your metals. Interesting Stuff.

Counterattack by Bulls Sets Up Gold for Weekly Gain

Counterattack by Bulls Sets Up Gold for Weekly Gain

WHOLESALE MARKET gold prices climbed as high as $1594 an ounce during Monday morning’s London trading, jumping 1.5% in the first two hours, while Eurozone stocks looked to have stemmed four days of losses despite Greece and Spain seeing negative ratings decisions. A day earlier, Dollar prices to buy gold jumped 2% in two hours during […]

Jump in Gold as France Refutes EU Pact

Jump in Gold as France Refutes EU Pact

THE WHOLESALE MARKET gold price jumped at the start of New York trade on Thursday, cutting the week’s previous 3.3% dive to 5-month lows in half as the Euro fell and Eurozone stock markets slumped once again. The gold price touched $1558 per ounce before easing $3 lower. Silver did not follow, failing to break […]

$1522 Next Target for Gold

$1522 Next Target for Gold

London Gold Market Report from Ben Traynor WHOLESALE MARKET gold bullion prices dipped below $1550 an ounce for the first time since December on Tuesday – a fall of 7% since the start of this month – before regaining some ground by lunchtime in London. “The bear channel support had been at $1581,” say technical […]

Bull Market in Gold Not Over But Speculators Turn Bearish

Bull Market in Gold Not Over But Speculators Turn Bearish

THE PRICE OF GOLD and gold futures dropped yet again Monday morning, recording the seventh drop in nine trading days in May so far as industrial commodities, global stock markets and the Euro currency all sank amid Athens’ failure to negotiate a new coalition government. Silver bullion also fell hard, touching $28.44 per ounce and […]

Stronger Dollar Makes Gold Rally Difficult, Chinese Buyers On the Sidelines

Stronger Dollar Makes Gold Rally Difficult, Chinese Buyers On the Sidelines

WHOLESALE MARKET gold prices touched their lowest level since the first week of January Friday, hitting $1574 an ounce before recovering some ground, while stocks and commodities fell and US Treasury bonds gained, with dealers in major gold buying countries reporting continued limited demand for precious metals. Silver prices fell to $28.54 an ounce – […]

The Coin Analyst: The Euro Crisis, Currency Wars, and the Outlook for Precious Metals

The Coin Analyst: The Euro Crisis, Currency Wars, and the Outlook for Precious Metals

by Louis Golino for CoinWeek Many analysts regularly predict the break-up of the euro zone and even of the European Union, but in reality neither development is likely, especially in the near future. While it is true that the prospects for a Greek exit from the euro look increasingly likely in the aftermath of the […]

Gold Hits 4-Month Low as Markets Fear Greece

Gold Hits 4-Month Low as Markets Fear Greece

SPOT MARKET gold bullion prices fell to their lowest level in four months during Wednesday morning’s London trading, hitting $1581 an ounce – 3.7% down on the week so far – while European stock markets and commodities also fell and US Treasuries gained, with Greek uncertainty continuing to cast a shadow. A day earlier, gold […]

Fallout From French Elections Just One Of Multiple Financial Shocks Coming In 2012

Fallout From French Elections Just One Of Multiple Financial Shocks Coming In 2012

By Patrick A. Heller Commentary on Precious Metals Prepared for CoinWeek.com Over the weekend, France and Greece held national elections.  While the media has almost totally ignored the Greek elections, a lot of focus has been put on the election of Francois Hollande as France’s new president.  Hollande, the candidate of the Socialist Party, defeated […]

Be Honest—Why Do You Read My Commentaries?

Be Honest—Why Do You Read My Commentaries?

By Patrick A. Heller Commentary on Precious Metals Prepared for CoinWeek.com What do you do with my commentaries? I have been writing them since 1995, gaining a wider audience as time goes on. Do you merely read them for entertainment? If that’s enough for you, I accept that. Or possibly do you read them to […]

Physical Bullion Demand Giving “No Support”, S&P Downgrades Spanish Banks

Physical Bullion Demand Giving “No Support”, S&P Downgrades Spanish Banks

SPOT MARKET gold bullion prices held above $1660 an ounce during Monday’s morning trading London – holding on to gains from last week of 1.1% – while stock markets ticked lower, commodities were broadly flat and US and German government bonds gained as Spain continued to generate headlines. “On the physical front [however] things were […]

The Coin Analyst: There’s More to Gold’s Future Than Quantitative Easing

The Coin Analyst: There’s More to Gold’s Future Than Quantitative Easing

by Louis Golino for CoinWeek There is no question that the policies of the U.S. Federal Reserve Bank, specifically its role in shaping monetary policy, have a big impact on precious metal markets. The Fed sets short-term interest rates, whereas long-term rates are pegged to the 10-year Treasury bond, which is a function of how […]

Huge “New” Financial Problems Across Europe

Huge “New” Financial Problems Across Europe

By Patrick A. Heller Commentary on Precious Metals Prepared for CoinWeek.com If you ask the average politician, the financial problems of Europe have supposedly been cured. Oh yeah? If that is true, how come the International Monetary Fund (IMF) and the G-20 Group of Nations had to have more emergency meetings in the last few […]

Another Reason To Avoid Precious Metal ETFs—Complex Tax Reporting

Another Reason To Avoid Precious Metal ETFs—Complex Tax Reporting

By Patrick A. Heller Commentary on Precious Metals Prepared for CoinWeek.com I have previously expressed concerns about owning precious metals exchange traded funds (ETFs) because of the possibility that some of the assets have multiple claims of ownership.  Now that we are past the deadline for filing taxes, precious metals ETF investors have learned the […]

Gold “Needs to Reclaim $1700″ for Renewed Buying

Gold “Needs to Reclaim $1700″ for Renewed Buying

Gold “Needs to Reclaim $1700″ for Renewed Buying, with Breach of $1600 “Expected to Cause Liquidation” SPOT MARKET gold prices traded as low as $1640 an ounce – less than 1% off the previous day’s high – during Friday morning’s relatively flat London session. European stock markets were also broadly flat, as were commodities, while […]

Bringing You “The Rest Of The Story”

Bringing You “The Rest Of The Story”

By Patrick A. Heller Commentary on Precious Metals Prepared for CoinWeek.com I get teased a lot as I present information that is overwhelming of the “doom and gloom” kind. I don’t really mean to come across that way. However, I think it is important that people make decisions for their own financial well-being on the […]

What Is The US Government Trying To Accomplish?

What Is The US Government Trying To Accomplish?

By Patrick A. Heller Commentary on Precious Metals Prepared for CoinWeek.com Five years ago, the M2 definition of the US money supply (including coins, currency, checking and savings accounts, CDs and money market funds) was about $7 trillion. At the beginning of 2011, it was near $9 trillion.Today it is approaching $10 trillion. This inflation […]

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