September 20, 2019 – Tom Coulson, Liberty Coin Service owner and CEO, terms this week’s actions and statements by Federal Reserve officials as indicating a major risk of a near-term U.S. economic downturn
Category Archives: FOMC
GoldDealer.com Gold Market Report – Gold Ponders Its Future
Commentary for Friday, November 30, 2018 (www.golddealer.com) By Richard Schwary of California Numismatic Investments Inc …… Gold closed down $3.90 at $1,220.20 today. Still not much happening if you consider that gold closed Monday at $1,229.80. The best aspect, as far as the gold community is concerned is simple and positive. For now the FOMC […]
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GoldDealer.com Market Report – Gold Continues to Settle
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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Gold Price Slumps to Four-Month Low
By Everett Millman – Gainesville Coins on gold price ……. The gold price was down again to $1,306/oz on Tuesday, sliding 0.6% (-$8). A stronger U.S. dollar provided most of the downward pressure on the precious metals. Spot silver opened off about 0.5% (-9¢) to $16.21/oz. Platinum lost $8 per ounce (-0.9%) to slip below $900/oz. […]
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Gold Markets Report – Gold Fails to Push Higher
Commentary for Monday, March 5, 2018 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closed down $3.00 at $1318.10. This should tell you that gold traders remain confused – gold moved higher by $18.20 on Friday as President Trump threatened tariffs. Typically tariffs are inflationary in that they keep cheap […]
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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 Steadies or Not
Commentary for Tuesday, Oct 3, 2017 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closed down $1.20 at $1,271.50, and while opening choppy prices firmed toward the end of the session. I would not make much of this one way or the other – it’s too soon given we […]
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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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GoldDealer Gold Market Report – Are the Bulls or Bears Tired?
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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GoldDealer Precious Metals Market Report – Gold Moves Higher After FOMC Announcement
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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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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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 Dealer Newsletter – Gold Traders Continue to Buy the Dips
Commentary for Monday, April 10, 2017 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closed down $3.40 at $1,253.90 USD today in directionless trading. The overnight London and Hong Kong markets were sleepy – there was a selloff in early domestic trading which looked at $1,245.00 but traders once […]
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Gold Dealer Newsletter – Gold Continues to Flirt with Higher Prices
Commentary for Monday, March 27, 2017 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closed up $7.20 today at $1,255.70. The common wisdom being that gold is pushing higher because of safe haven buying now in place because Trump policies are failing? Please – I think the best […]
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Precious Metals & Bullion Commentary – Gold Weaker as Rate Hike Looms
Commentary for Tuesday, March 7, 2017 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closed down $9.40 at $1,216.10 on Tuesday and if you haven’t been watching let’s just say the gold trade is getting heavier. It’s not necessarily the dollar although the buck is strong – the Dollar […]
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Gold Fades as the Dollar Grows Stronger
Commentary for Thursday, March 2, 2017 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closed down $17.10 at $1,232.90 today in the face of rising optimism and it was a pretty rough day for all the metals. It will be tough for gold to get any traction as the […]
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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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Gainesville Coins Market Update: May 1, 2015
Courtesy of Everett Millman and GainesvilleCoins.com …. ABSTRACT: As equities markets pulled back amid mostly soft economic indicators, the precious metals had an early-week rally snuffed out by Friday’s close, as both gold and the Dow Industrials have essentially wiped out all of their gains thus far through the 2015 calendar year. GOVERNMENT & POLICY […]
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