Tag: Silver Markets

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 →
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 →
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 →
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 →
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 →
Gold  Above Long-Term Uptrend and Any US Election Reaction Likely to be Short-Lived

Gold Above Long-Term Uptrend and Any US Election Reaction Likely to be Short-Lived

SPOT MARKET gold bullion prices rallied above $1680 an ounce Monday morning in London, having earlier fallen to a nine-week low, while stock markets edged lower and US Treasury bonds gained, with one day to go before the US presidential election. The US Dollar Index, which measures the Dollar’s strength against other major currencies, rose to […]

By November 5, 2012 0 Comments Read More →
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 […]

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 →
Gold And Silver—I Told You So!

Gold And Silver—I Told You So!

By Patrick A. Heller Commentary on Precious Metals Prepared for CoinWeek.com In my radio program six days ago, I warned listeners to expect the prices of gold and silver to be clobbered late last Thursday and early Friday morning up to the time that Federal Reserve Chair Ben Bernanke made his remarks at the Federal […]

LIBOR Scandal Investigation Sparking Higher Gold And Silver Prices

LIBOR Scandal Investigation Sparking Higher Gold And Silver Prices

By Patrick A. Heller Commentary on Precious Metals Prepared for CoinWeek.com On July 31, Numismaster.com published my article where I passed along information that the investigation into the LIBOR interest rate manipulation scandal in Great Britain would soon expand. Further, I anticipated that this scandal would lead to other investigations that would possibly cover the […]

Gold Investors Waiting for Signal

Gold Investors Waiting for Signal

WHOLESALE quoted prices for gold bullion fell below $1620 an ounce during Monday morning’s London session – slightly below last week’s close – while stocks gained and US Treasuries fell, with markets focused on key monetary policy decisions due later in the week. Silver bullion hovered around $27.70 an ounce – in line with Friday’s close – while […]

Gold In Sideways Range Ahead of European Summit

Gold In Sideways Range Ahead of European Summit

WHOLESALE MARKET gold bullion prices dropped below $1570 an ounce during Monday morning’s London session, though they remain broadly in line with where they ended last week, with markets focused on this week’s European leaders’ summit. Gold bullion is now at levels similar to those seen in the second week in May, when gold fell through $1600 […]

Dillon Gage Offering New, One-Ounce Johnson Matthey Silver Bars

Dillon Gage Offering New, One-Ounce Johnson Matthey Silver Bars

Dillon Gage Metals, wholesale dealers of precious metals in Dallas, is carrying newly minted, one-ounce bars of silver from renowned metals refiner Johnson Matthey (JM). These small bars from London-based Johnson Matthey are a liquid investment that can be easily sold. Johnson Matthey discontinued production of its one-ounce silver bars in the 1980s — leading […]

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 […]

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 […]

Gold Buyers “On the Sidelines” Playing “Wait and See” Ahead of FOMC Announcement

Gold Buyers “On the Sidelines” Playing “Wait and See” Ahead of FOMC Announcement

SPOT MARKET gold prices drifted as low as $1694 per ounce Tuesday morning in London – 1.3% down on the week so far – while stocks and commodities rose slightly and US Treasuries dipped ahead of today’s US Federal Reserve interest rate decision. Silver prices fell to $33.43 per ounce – 2.5% down on last […]

The Coin Analyst: Outlook for Precious Metals Still Strong Despite Big Drop on February 29

The Coin Analyst: Outlook for Precious Metals Still Strong Despite Big Drop on February 29

by Louis Golino for CoinWeek There are many different ways to try to explain and understand the precious metals markets. Some people focus on short-term vs. long-term factors, while others stress underlying fundamentals. Profit taking also often explains sudden drops like the one on Feb. 29, when gold plunged $70 in an hour. There are […]

Daily Bullion Market Report 01/23/12

Daily Bullion Market Report 01/23/12

By Barry Stuppler – MintStateGold.com GOLD The gold rally continues on the outlook for a Greek debt settlement that will allow the EU and IMP to provide an additional 130 Billion Euro (US$168 Billion) in loans. Current Greek bondholders will be taking a 60% plus discount and receive new Greek securities. Demand continues to be […]

Daily Bullion Market Report 01/19/12

Daily Bullion Market Report 01/19/12

By Barry Stuppler – MintStateGold.com GOLD Over the past 24 hours, gold has been trading in a narrow range. Gold’s low/high spread has been $1,648 to $1,663 per ounce in active global trading. I believe this type of base building is healthy for the market and could last till month end.  The fundamental reasons for […]

I was Wrong About Silver in 2011

I was Wrong About Silver in 2011

By Jim Kingsland for Certified Assets Management International A CoinWeek Content Partner In March, 2011 I took the pro silver side of a gold/silver debate in CoinAge Magazine on which metal would outperform on a percentage basis in 2011. My positive silver ideas were empowered by the freight train momentum that developed early last year […]

Daily Bullion Market Update 12/21/11

Daily Bullion Market Update 12/21/11

By Barry Stuppler – MintStateGold.com GOLD Gold stayed above $1,600 per ounce for the past 24 hours. Gold traded from $1,604 to $1,630 on heavy volume as the European Central offered unlimited three-year loans to banks, who were urged to take the funds as a part of emergence concerted efforts to ease severe strains across […]

By December 21, 2011 0 Comments Read More →
Daily Bullion Market Update 12/13/11

Daily Bullion Market Update 12/13/11

By Barry Stuppler – MintStateGold.com GOLD After yesterday’s sizeable correction in the price of gold, last night we saw active trading in Asia with gold reaching a $1,654 low before seeing sizeable buying taking the price to $1,679. This morning, in the face of a very strong U.S. Dollar versus the Euro, the price of […]

By December 13, 2011 0 Comments Read More →
Daily Bullion Market Update 12/09/11

Daily Bullion Market Update 12/09/11

By Barry Stuppler – MintStateGold.com GOLD Today the 17 Euro-Zone nation’s leaders committed to an inter-governmental treaty that will make tougher fiscal rules binding. The European leaders also added 200 billion euros to the International Monetary Fund (IMF) and scaled back bondholder loss-sharing provisions in a bid to satisfy the European Central Bank. As a […]

Daily Bullion Market Update 12/07/11

Daily Bullion Market Update 12/07/11

By Barry Stuppler – MintStateGold.com GOLD As Gold trades higher on excellent volume, the market is back on track today. Gold has been trading in the $1,700 to $1,767 range for the past week, building excellent support. I would expect to see a break above the $1,770 resistance to move the market quickly to test […]

Daily Bullion Market Update 12/05/11

Daily Bullion Market Update 12/05/11

By Barry Stuppler – MintStateGold.com GOLD As the news from Eurozone leadership, gold is trading in a narrow $18 range. At 11am PDT, gold is trading at $1,734.50, down $14.40 on light Monday volume. December has always been an excellent month for gold demand and price increases. I look for a little consolidation in the […]

Daily Bullion Market Update 12/01/11

Daily Bullion Market Update 12/01/11

By Barry Stuppler – MintStateGold.com GOLD Yesterday we saw our Federal Reserve Bank, along with five other major central banks, announce a coordinated move to boost the capacity to inject liquidity into the global financial system. These bilateral swaps to provide liquidity for other currencies make a strong statement by the U.S. in regard to […]

Daily Bullion Market Update 11/30/11

Daily Bullion Market Update 11/30/11

By Barry Stuppler – MintStateGold.com GOLD It’s an exciting day for Gold investors. Major actions are being taken by the World’s Central Banks to provide economic stimulus for European and Asian countries, thus driving the Gold price higher. The U.S. Federal Reserve and central banks from Europe, Japan, Britain, Canada and Switzerland have joined together […]

By November 30, 2011 0 Comments Read More →
Daily Bullion Market Update 11/22/11

Daily Bullion Market Update 11/22/11

By Barry Stuppler – MintStateGold.com GOLD Asian precious metal investors jumped all over the lower gold and silver price early this morning. Gold hitting $1,667 and silver bottoming out at $30.65, resulted in extraordinary buying that took the prices back up very quickly. Financial analysts around the world are coming to the same conclusion that […]

By November 22, 2011 0 Comments Read More →
 
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