Commodity Futures Trading Commission (CFTC) …… On Friday, August 5, 2022, the Commodity Futures Trading Commission (CFTC) filed a civil enforcement action in the U.S. District Court for the District of Nevada against Daniel Shak of Las Vegas, Nevada, charging him with spoofing and engaging in a manipulative and deceptive scheme in the gold […]
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By Paulina Likos for Gainesville Coins …… Administered by the London Bullion Market Association (LBMA), the London Gold Fix is considered the authority on gold and precious metal valuations. It is the process for how daily prices for gold, silver, and other precious metals are set. The London Gold Fix is established based on […]
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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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By Patrick A. Heller
On Tuesday, March 24, two different bullion wholesalers told us that the London Bullion Market Association, the world’s largest gold market, was not delivering any gold to settle maturing contracts that had been called for delivery of the physical metal.
While this cessation of delivery was accurate, there were multiple possible explanations as to what occurred, each of which avoided terming the non-delivery of gold as a “default” by the exchange
Gold Bull Run By Blanchard and Company, Inc ….. 1. Gold is proving its worth as a safe-haven asset In today’s world of stepped-up U.S.-China trade tensions, market-moving tweets, stock market volatility and economic uncertainty, gold is acting exactly as it should – as a safe-haven investment. Investors around the globe are investing in gold […]
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By Blanchard & Company …… It’s getting prohibitively difficult to source gold deposits. Mining companies are learning that the easy-to-access gold is all but gone. Now, finding gold means greater exploration costs. Even when gold mining concerns make a find the cost of getting the location up to production is exorbitant. Therefore, the mining companies […]
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“Gold is starting 2019 with increasing price support and growing demand. I believe gold will reach its next major resistance level of $1,300 very soon, and after a short period of time should break above,” stated Barry Stuppler of Woodland Hills, California, President of the Accredited Precious Metals Dealers (APMD), a division of the Professional […]
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Gold and Silver Report by Mike Fuljenz – Universal Coin & Bullion …… 5 Major Reasons to Own Silver Now Silver rose 42-cents per ounce (+3%) last week, even though gold declined $6 (-0.5%). Silver rose from a long stretch under $14.30 last Friday morning at 8:00am Eastern time, reaching $14.70 shortly after noon Friday. Ole Hansen, head of […]
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Gold and Silver Report by Mike Fuljenz – Universal Coin & Bullion …… Goldman Sachs Stands By its $1,450 Gold Target for 2019 Standing firm against the mainstream’s bearish views on gold, Goldman Sachs is sticking with its $1,450 gold price projection for 2019 – a price level not seen since May 9, 2013. Goldman is also taking a […]
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Commentary for Wednesday, June 27, 2018 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closed down $3.60 at $1,253.00 in quiet summer trading. To say that the typical bullish/bearish trade talk has turned decidedly bearish for gold should not be surprising. Weighing on the bullish argument is obviously the […]
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By Coinweek …. CoinWeek News Wire for October 6, 2017: Brain Food 1.) INFOGRAPHIC: 58 Insane Facts About Bitcoin You probably have heard a lot of people talking about Bitcoin recently, so you’ll want to save this infographic via BitcoinPlay.net to learn what Bitcoin is, when it started, and who uses this cryptocurrency the most… […]
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Precious Metals Market Commentary for Monday, August 14, 2017 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closed down $3.50 at $1,284.20 – a let-down for those considering another try at the vaulted $1,300.00 level. As promised the North Korea/Trump rhetoric has cooled and the dollar rebounded, which encouraged […]
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Precious Metals Market Commentary for Wednesday, July 26, 2017 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closed down $2.70 today at $1249.40 – this before the FOMC released its latest thoughts concerning interest rates. Gold opened a bit lower today reaching $1245.00 before turning higher – so we […]
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By Blanchard and Company, Inc ….. The precious metals sector is off to the races in the first six weeks of 2017, as returns in both gold and silver are beating the S&P 500. The silver market is the best performer – with nearly double the gains seen in gold. Here’s a quick look […]
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By Everett Millman – Gainesville Coins ……. Throughout their history, the Swiss have cultivated a long-standing reputation as an authority in the area of gold–both in their refining skill and in the wisdom of their monetary policy. Switzerland is not actually among the world’s leading importers or exporters of the metal, neither in terms of […]
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By Everett Millman – Gainesville Coins ……. The Indian government’s plan to monetize the country’s vast amount of privately-held gold may finally be taking root, little by little. Known collectively as Gold Monetization Schemes (GMS), these various offers for Indian citizens to put their gold to financial use by depositing into an account were not […]
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CoinWeek takes a look at spot prices for gold and silver bullion over the course of the past week and looks into the news that effects the precious metals market. More news and information about precious metals and coins can be found every day at CoinWeek.com. Copyright © CoinWeek October 2015 COINWeek is the most advanced independent on-line […]
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ABSTRACT: Given Greece’s debt quagmire and China’s equity bubble seemingly popping, the global markets tried to negotiate through a wave of negative momentum this week. U.S. markets were buoyed by encouraging employment and housing data, while the precious metals diverged, with platinum and silver advancing while gold and palladium slipped lower. ====================== GOVERNMENT & POLICY […]
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by Pat Heller – Liberty Coin Service Last Wednesday, the Federal Open Market Committee (FOMC) ended its latest regularly-scheduled two-day meeting. While the rest of the world waited breathlessly to hear what the concluding announcement would say, my media pronouncement the day before accurately explained what the statement would contain. In the announcement, the Committee […]
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ABSTRACT: The current rout in the bond markets continued into its sixth week with rapidly rising yields and increased volatility in government bonds. Despite the outflow of funds from the typical safety net of government-issued debt, both stocks and commodities like crude oil and precious metals tracked lower throughout the week. =========================== GOVERNMENT & POLICY […]
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Commentary for Wednesday January 7th, 2015 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc.……… Gold closed down $8.70 at $1210.60 on short term profit taking and a stronger US dollar. And the rebound in equities took away some of the tension created with a lower DOW and a troubled European Union. […]
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Precious Metals Market Report by Bill Musgrave – American Gold Exchange Austin — Gold dropped 1.4% to close under $1,180 as lower oil prices and upbeat U.S. economic data eroded its safe-haven allure. Crude tumbled 3.2% after Saudi oil minister Ali Al-Naimi reaffirmed that OPEC will not cut production. Oil has dropped more than 20% in recent […]
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Precious Metals Market Report by Bill Musgrave – American Gold Exchange Gold fell 1.1% to close below $1,195 in a day of volatile trade. After rising to $1,213 early in the session on safe-haven buying in response to Russia’s panicked attempt to support the ruble, the metal then slipped as low as $1,188 as falling oil prices […]
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Precious Metals Market Report by Bill Musgrave – American Gold Exchange Gold edged slightly lower on profit-taking, holding above $1,224 and finishing the week 2.6% higher as investors sought safety from slowing global growth and plunging equities. It was the metal’s biggest weekly rise in more than two months. China’s economy weakened in November, with demand, factory […]
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Precious Metals Market Report by Bill Musgrave – American Gold Exchange Gold slid 1.4% to close just over $1,190 after a surprisingly strong jobs report triggered speculation that the Fed may raise interest rates sooner than expected. Despite the pullback, gold finished the week 1.3% higher. U.S. nonfarm payrolls added 321,000 jobs in November, the most in […]
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Precious Metals Market Report by Bill Musgrave – American Gold Exchange Gold forged back above $1,200, gaining 0.8% to close near $1,209, as a rally in oil prices and disappointing jobs data boosted demand for the metal as a store of value. Crude oil jumped 0.6% after an official report showed U.S. inventories have fallen more than expected. […]
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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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By Anthem Hayek Blanchard – Anthem Vault “A return to gold-based money is not yet front and center on the national agenda. The policy establishment still dismisses it as radical. But history has shown time and time again that great social changes begin as seemingly radical ideas.” – Steve Forbes, Money. In his latest book, […]
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Precious Metals Market Report by Bill Musgrave – American Gold Exchange Gold edged up 0.1% to close above $1,197 as soft U.S. economic data weighed on the dollar and boosted the metal’s appeal as an alternative store of value. Consumer confidence fell unexpectedly in November, with Americans feeling less optimistic about job prospects and business conditions heading into […]
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by Dana Samuelson – American Gold Exchange On Sunday, the citizens of Switzerland will cast a historic vote to determine how their government will maintain its future financial health. The referendum is known as the Swiss Gold Initiative. Its tacit goal is to lower government debt and support the Swiss franc by returning to traditional Swiss values […]
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Precious Metals Market Report by Bill Musgrave – American Gold Exchange Gold jumped 1.2%, closing at $1,197 after briefly topping $1,200, as weak U.S. wholesale inflation and upbeat sentiment in Germany undermined the dollar and boosted demand for alternative stores of value. The metal has now gained in three of the last four sessions, rising 3.3% since […]
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Precious Metals Market Report by Bill Musgrave – American Gold Exchange Austin — Gold dipped 0.2% to close at $1,183.50, holding on to most of Friday’s 2.1% surge, as a rebound in the dollar reduced demand for alternative stores of value. The dollar rose near a five-year high against a basket of major rivals after Mario Draghi said the ECB […]
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Precious Metals Market Report by Bill Musgrave – American Gold Exchange Gold surged 2.1% to close at a six-week high above $1,185 on speculation that OPEC may cut production, boosting demand for the metal as a hedge against higher oil prices. Gold initially dropped in early trade after reports that U. S. consumer sentiment hit a seven-year high last […]
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Commentary for Thursday, Nov 13th, 2014 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc.……… Gold closed up $2.20 at $1161.10 edging somewhat higher but probably capped by lower oil prices. Saudi Arabia continues to pump disregarding lower prices and a weakening European picture. With this scenario you might wonder what they […]
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Precious Metals Market Report by Bill Musgrave – American Gold Exchange Gold slipped 0.3% to close under 1,160 as an uptick in the dollar diminished demand for alternative store of value. The ICE Dollar Index rebounded by 0.3%, helped by a tumbling British pound after the Bank of England lowered its quarterly inflation forecast, pushing the prospect […]
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Precious Metals Market Report by Bill Musgrave – American Gold Exchange Gold picked up 0.3% in thin trade to close at $1,163, then added another $5 after hours as a softer dollar and rising physical demand in Asia and Europe boosted the metal. As Japan struggles with persistent disinflation and crumbling consumer sentiment, Prime Minister Shinzo Abe suggested […]
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By Richard (Rick) Mills – Ahead of the Herd ……………… As a general rule, the most successful man in life is the man who has the best information Demand Global gold demand was 964t in Q2 2014, significantly reduced from the record high in Q2 2013. ETF outflows slowed sharply. Central Banks continued to buy gold for […]
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Bullion Report by Bill Musgrave – American Gold Exchange Gold Market News for November 3, 2014. Gold slid 0.4% to close under $1,167, near a four-year low, as weak factory data almost everywhere but in the U.S. boosted the dollar, reducing demand for the metal as an alternative asset. Manufacturing in China fell to a five-month low last […]
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Bullion Report by Bill Musgrave – American Gold Exchange Gold Market News for November 3, 2014. Gold slid 0.4% to close under $1,167, near a four-year low, as weak factory data almost everywhere but in the U.S. boosted the dollar, reducing demand for the metal as an alternative asset. Manufacturing in China fell to a five-month low last […]
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Precious Metals Market Review by Bill Musgrave – American Gold Exchange Gold Market News for November 3, 2014. Gold slid 0.4% to close under $1,167, near a four-year low, as weak factory data almost everywhere but in the U.S. boosted the dollar, reducing demand for the metal as an alternative asset. Manufacturing in China fell to a five-month low […]
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By Patrick A. Heller Commentary on Precious Metals Prepared for CoinWeek.com …….. By now, I suspect that many of you have heard about the 60 Minutes program two Sundays ago. It exposed the impact of high frequency trading at 1) increasing the profits of brokerage firms, and 2) resulting in individual investors selling their holdings for a […]
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