Category Archives: precious metals markets

What Gold Could Do in the Second Half of 2020 – Blanchard and Company

By Blanchard and Company, Inc ……   Uncertainty has long been the default outlook of investors. The present, however, represents both uncertainty and volatility not commonly seen in the markets. COVID-19 cases continue to climb, geopolitical events develop on an hourly basis, and markets are wavering. These factors, which are likely to remain in flux […]

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What Is Really Happening In Precious Metals Markets?

By Patrick Heller
In 2020, there has been another modest surge of interest of Americans wanting to own some physical precious metals, especially gold and silver. People are becoming more aware that governments’ inflation of the money supplies is almost certain to reduce the purchasing power of their fiat (paper) currencies.
There is any number of “experts” or “analysts” of precious metals who issue updates explaining what has happened in the markets and projecting what may happen

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CoinWeek Podcast #132: The Gold Market in a Time of Crisis (with Kitco’s Peter Hug)

  CoinWeek Podcast #132: The Gold Market in a Time of Crisis (with Kitco’s Peter Hug) Mobile phone users. Stream this podcast for free by downloading the podomatic app or subscribe to the CoinWeek Podcast on iTunes. This week on the CoinWeek Podcast, precious metals expert Peter Hug joins me to share his insights into the current […]

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Dillon Gage Explains Coronavirus Impacts on Gold

Gold expert explains why gold performs well in times of uncertainty   By Dillon Gage Metals …… Dillon Gage, a world leader in physical precious metals, explains why the coronavirus epidemic ravaging China may send gold futures prices to seven-year record highs above $1,700 USD an ounce and up. Gold is considered a safe-haven asset, […]

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Don’t Be Rushed In New Gold Rush: Make Wise Choices, Veteran Bullion Dealers Caution

 
The consumer/investor advisory below is distributed on behalf of the Accredited Precious Metals Dealer division of the nonprofit Professional Numismatists Guild. 
 
(Temecula, California) Sept. 9, 2019 – Investors wanting to enter the gold and silver markets or add to existing portfolios should be wary of potential counterfeits, plated “gold coins” or overpaying for any purchases

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Precious Metals News – Rising Dollar Keeps Downward Pressure on Gold and Silver

By Everett Millman – Gainesville Coins on gold price ……. Precious metals were mixed on Monday, but both gold and silver dipped due to a strong dollar. The gold price was down 0.25% (-$3) to $1,312/oz at the opening bell. Spot silver slipped 8¢ (-0.5%) to $16.42/oz. However, platinum (+0.3%) and palladium (+1.1%) each traded higher […]

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GoldDealer Gold Market Commentary – Gold Again Settles Lower

Gold Commentary for Wednesday, March 28, 2018 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc ……   Gold closed down $17.80 today at $1,324.20 – finally deciding to settle and taking some of the recent buzz away from this market. Like I have been saying it’s no use getting too excited […]

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CoinWeek News Wire for November 23, 2017: Bitcoin Nyet, and Speaking of Crime…

By Coinweek ….   CoinWeek News Wire for November 23, 2017 Brain Food 1.) Patriotic collectors boost market for ancient Chinese artefacts Following the fashions to buy western art and classic wristwatches, historical Chinese artefacts are now the must-have item for the country’s wealthy collectors who are snapping up maps, books and other objects that […]

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Bullion & Precious Metals: Gold Dealer Newsletter – Gold Moves Higher?

Commentary for Wednesday, November 1, 2017 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closed up $7.10 at $1,274.10 in a kind of confused and choppy market. We opened unchanged – moved above $1,280.00 and then settled quietly lower. This small pop in prices to the upside is hard […]

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Gold Markets Report: Gold Tests Recent Lows

Commentary for Wednesday, September 27, 2017 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closed down $12.90 today at $1,284.10. I think Yellen’s speech Tuesday caught most by surprise – the markets expected more accommodation even though she has been hawkish this past month. At any rate just the […]

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Provident Metals Announces Acquisition by Private Investor Group

Allows consumers further expansion of online selection of bullion and coins Provident Metals, an industry-leading provider of international and domestic bullion and IRA-eligible precious metals, today announced their acquisition by a private investment group. The sale of Provident Metals, based in north Dallas, Texas, allows the company to further expand its online selection of high-quality […]

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Weaker Dollar Helps Lift Gold Price

By Everett Millman – Gainesvillecoins.com …… The precious metals were higher again on Tuesday, buoyed by a continued slump for the U.S. dollar. Spot gold was trading above $1,240/oz in the morning, more than 0.5% in the green. The Platinum Group Metals were slightly above unchanged. Spot silver added 11¢ (almost 0.7% higher) to reach […]

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2017 India Gold Imports Already Exceed 2016

By Everett Millman – Gainesvillecoins.com …… For generations, India has been known as one of the world’s primary sources of gold demand. However, last year its gold imports fell off considerably due to a variety of new policies by the Indian government regarding gold ownership, taxation, and even the supply of paper money in the […]

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2017 India Gold Imports Already Exceed 2016

By Everett Millman – Gainesvillecoins.com ……   For generations, India has been known as one of the world’s primary sources of gold demand. However, last year its gold imports fell off considerably due to a variety of new policies by the Indian government regarding gold ownership, taxation, and even the supply of paper money in […]

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Gold Markets Report: Gold Mildly Higher – Bargain Hunting?

Commentary on Gold Prices for Monday, July 10, 2017 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc ……   Gold closed up $3.50 at $1,213.20 today in what looks like book squaring or perhaps some mild bargain hunting. The dollar firmed up since Friday – the Dollar Index moved from 95.75 […]

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Gold Markets Report – Gold Ignores a Weaker Dollar

Commentary for Tuesday, June 27, 2017 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc ……   Gold closed up $0.50 today at $1,246.90 in what turned out to be an uneventful day. The domestic market opened higher ($1,250.00) – moved off that high and settled with no buzz on lows for […]

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How Certified American Silver Eagles of the 2010s Have Fared in the Marketplace

  By Joshua McMorrow-Hernandez for CoinWeek.com …… Since their debut in 1986, American Silver Eagles (ASEs) have been one of the most popular bullion coin series in the world, but their appeal extends well beyond the arena of precious metals investing. The American Silver Eagle, authorized by the passage of the Liberty Coin Act of […]

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How Certified American Silver Eagles of the 2010s Have Fared in the Marketplace

By Joshua McMorrow-Hernandez for CoinWeek.com ……   Since their debut in 1986, American Silver Eagles (ASEs) have been one of the most popular bullion coin series in the world, but their appeal extends well beyond the arena of precious metals investing. The American Silver Eagle, authorized by the passage of the Liberty Coin Act of […]

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Gold Markets Firm – Are You an Optimist or Pessimist?

Commentary for Tuesday, May 16, 2017 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closed up $6.40 at $1,236.40 today. The gold market continues to attract minor attention – I say minor because most investors are still looking at stocks as investor “fear” has exited the theater. This is […]

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Bullion & Precious Metals: Gold Dealer Newsletter – Gold Weakens, Silver Eagle Monster Box Sales Down

Commentary for Monday, May 1, 2017 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closed down $12.80 at $1,255.50 in another defensive round. It actually opened rather flat which has been the case lately – pitched higher and then reversed itself testing the $1,254.00 level before catching much of […]

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Gold & Silver Market – Gold Flirts with the 200 DMA

Commentary for Tuesday, February 27, 2017 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closed up $0.50 at $1,258.80 USD on Monday, which was a bit of a disappointment considering the early gold & silver market traded nicely above gold’s 200-Day Moving Average ($1,261.00) before settling almost unchanged. So […]

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Precious Metals Markets – Gold Continues to Hold Steady

Commentary for Tuesday, February 21, 2017 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closed virtually unchanged today down $0.20 at $1,238.90. It lost ground in early trading and at one point reaching $1,227.00 before turning around – gaining back its lost ground despite a strong Dollar Index which […]

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Gold and Silver Markets – Gold Settles for Quiet Weekly Finish

Commentary for Monday, February 6, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closed up $1.40 at $1,220.80 USD on Friday and is higher by $32.40 on the week. My concern last week over price follow-through remains in place but it is nice to see that gold has […]

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Bullion & Precious Metals Commentary – Bear Market in Gold Resumes

By Dr. Richard S. Appel – UniqueRareCoins.com ……   When gold rose from its 1,046 low last December, it was accompanied by motivating articles written by a plethora of excited gold analysts. Many of them unequivocally stated that gold’s long, grueling Bear Market had ended, and a new great Bull Market had begun. One after […]

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Coin Collecting Commentary: Trump and Numismatics

What does the Trump presidency mean for coin collectors? By Jeff Garrett for Numismatic Guaranty Corporation (NGC) …… The presidential election this year was certainly a raucous event and the eventual winner was very much unexpected by most. Regardless of your political leanings, the question on many collectors’ minds is what does a Trump presidency […]

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Gold Markets Report – Gold Again Loses Ground to the Dollar

Gold Markets Commentary for Thursday, November 18, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closed down $8.00 at $1,208.50 USD today so on the week gold has lost $10.60 with a top to bottom spread of $15.50. This market continues weak as the dollar again moves higher […]

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Gold Markets Report – Gold Moves Higher – On Politics?

Commentary for Friday, October 28, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closed up $7.30 today at $1272.30 and got a political kick in the pants in the aftermarket which pushed prices up another $7.00 looking at $1280.00. So just when you thought it was safe to […]

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Gold Market Report – Gold Holds Modest Gains

Commentary for Thursday, October 27, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closed up $2.90 at $1,265.00. The overnight market in gold was generally supportive moving higher by a couple of dollars in both Hong Kong and London but the US market broke down that same few […]

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Gainesville Coins: Time for Platinum Group Metals to Shine

Platinum Bullion Coins, – Maple Leaf – Australian Platypus and US Platinum Eagle By Everett Millman – Gainesville Coins ……. The Platinum Group Metals are apparently coming back into vogue among bullion investors. Two PGMs–platinum and palladium–are rallying more than their precious metal cousins of late, and the markets have responded. Alternative Asset Although they […]

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Bullion & Precious Metal News – Why Islamic Gold Demand May Surge

Islamic Gold Dinar By Everett Millman – Gainesville Coins ……. One major development in the global gold market over the last decade has been the liberalization of gold ownership laws in China. This has opened up an incredible flood of new demand for precious metals from the world’s most populous country. There’s still another huge […]

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Gainesville Coins Market Update: May 22-29, 2015

The volatility of global equities was on the rise this week, with significant sell-offs on the major stock exchanges in the U.S. (Tuesday) and China (Thursday). This coincided with a downward revision of first-quarter GDP amid an array of other disappointing economic data in the States. Funds continued to crowd into the bond markets, though […]

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Precious Metals Market Report: Gold Slips Under $1,200 as Dollar Rallies – December 2, 2014

Precious Metals Market Report by Bill Musgrave – American Gold Exchange Gold slipped 1.5% to settle just under $1,200, surrendering less than half of yesterday’s 3.6% surge, as a sharply higher dollar and lower oil reduced demand for alternative stores of value. The ICE dollar index jumped to its highest level since March 2009 as softer economic conditions in […]

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Precious Metals Market Review: Gold slides 0.2% on ECB stimulus

Precious Metals Market Review by Bill Musgrave – American Gold Exchange Gold slid 0.2% to close at $1,142.60, posting its seventh straight down session as the dollar extended its rally after the ECB announced deeper monetary stimulus in the Eurozone. Following a meeting of the ECB’s governing council, Mario Draghi said the central bank will boost asset purchases […]

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The Coin Analyst: Gold and Silver Prices Could Reverse Soon

By Louis Golino for CoinWeek It’s been quite a while since I devoted a column to the precious metals scene.  I feel now is an appropriate time to do so because recent developments in gold and silver prices seem to be significant enough that they may have longer-term implications for bullion investors.  Silver is at […]

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