Category Archives: COMEX

Gold Trading Breaks Records, Could Reach Higher Targets Dillon Gage President Says

By Dillon Gage Metals …… Spot gold surged to an all-time record above $1,900 USD an ounce early Monday on Comex, and silver hit a seven-year high, as the dollar tumbled. The yellow metal touched $1,946.90 an ounce, taking out the record $1,921.17 for spot bullion set in 2011. The dollar fell to near a […]

The post Gold Trading Breaks Records, Could Reach Higher Targets Dillon Gage President Says appeared first on CoinWeek.

Continue Reading on CoinWeek

GoldBars-2-150x150

Did The London/New York Markets Default On Gold Deliveries?

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

Continue reading on Numismatic News

stock-1863880_640-300x200

Precious Metals Spot Prices Down, Physical Market Premiums Up Strong

For those of us who have seen volatile markets multiple times over the decades, it is entirely understandable that when the spot prices in the “paper” commodity markets suddenly plummet, the premiums for actual physical gold and silver coins and ingots can soar.
To give one example: At the COMEX close on March 11, 2020, with the spot price of silver at $16.78, the company where I work was selling $1,000 face value bags of U

Continue reading on Numismatic News

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, […]

The post Dillon Gage Explains Coronavirus Impacts on Gold appeared first on CoinWeek.

Continue Reading on CoinWeek

Trader, Industrial Firm Charged with Spoofing in Precious Metals Futures

By Commodity Futures Trading Commission …..   On Monday, September 16, he U.S. Commodity Futures Trading Commission (CFTC) issued two orders filing and settling charges against John Lawrence and his employer, Heraeus Metals New York LLC, for spoofing — bidding or offering with the intent to cancel the bid or offer before execution. The order […]

The post Trader, Industrial Firm Charged with Spoofing in Precious Metals Futures appeared first on CoinWeek.

Continue Reading on CoinWeek

gold-bar-300x165

Why Gold’s Price Is Destined To Keep Rising

A number of so-called financial experts are pretending to know why the price of gold is now up 17% and silver 15% since the end of April. Most of them don’t have a clue.
True, the price of gold can be impacted by news events such as the announcement Wednesday last week by the Federal Open Market Committee that it would lower the federal funds interest rate by

Continue reading on Numismatic News

Dillon Gage Subsidiary IDS Group Opens First Texas Bullion Depository

Accepting clients as of November 1 International Depository Services Group (IDS), a privately-owned subsidiary of Dillon Gage Metals, has opened Texas’ first precious metals depository, International Depository Services of Texas. Beginning November 1, depository clients who wish to store precious metals bars, rounds and coins in the state of Texas are able to contact IDS […]

The post Dillon Gage Subsidiary IDS Group Opens First Texas Bullion Depository appeared first on CoinWeek.

Continue Reading on CoinWeek

Bullion & Precious Metals: Gold Dealer Newsletter – Gold Firm as Europe Considers Options

Commentary for Friday, April 21, 2017 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc ……   Gold closed up $5.30 at $1,289.10 and once again holds its ground. So where are we going into the weekend? I think traders are cautious but not ambivalent – on the short term gold is […]

The post Bullion & Precious Metals: Gold Dealer Newsletter – Gold Firm as Europe Considers Options appeared first on CoinWeek.

Continue Reading on CoinWeek

NTR Metals and Illegal South American Gold

By Joshua Gibbons – About.Ag – for CoinWeek …. When I first heard about Peruvian gold smuggling early last year, I didn’t really believe it. I was talking to the owner of a bullion dealer that I suspected was in financial trouble, and he said that NTR Metals was caught smuggling $20M of gold from […]

The post NTR Metals and Illegal South American Gold appeared first on CoinWeek.

Continue Reading on CoinWeek

Money Metals Exchange: Don’t Laugh, We Could See $100+ Silver

Exclusive Interview with First Majestic CEO Keith Neumeyer on Metals, Mining, and Manipulation By Mike Gleason – Money Metals Exchange…. Mike Gleason, MoneyMetals.com: It is my privilege, now, to be joined by Keith Neumeyer, founder and CEO of First Majestic Silver Corp., one of the top silver mining companies in the world. Keith has an […]

The post Money Metals Exchange: Don’t Laugh, We Could See $100+ Silver appeared first on CoinWeek.

Continue Reading on CoinWeek

Money Metals Exchange: Bizarre Gold, Silver Movements Behind-the-Scenes

By Clint Siegner – Money Metals Exchange…. A lot is riding on the demand side of the equation when it comes to metals’ price performance this year. Demand is the bigger wildcard with signals thus far being mixed in gold and silver bullion markets. The outlook for supply is more certain, and it isn’t pretty. […]

The post Money Metals Exchange: Bizarre Gold, Silver Movements Behind-the-Scenes appeared first on CoinWeek.

Continue Reading on CoinWeek

Money Metals Exchange Issues 2016 Gold/Silver Forecast

By Clint Siegner – Money Metals Exchange….   Looking Ahead to 2016 Forecasting today’s volatile, high-frequency, machine-driven and manipulated futures markets using fundamental analysis is futile, as a great many precious metals bulls will attest. To complicate matters, an obsession with Fed policy dominates all markets. Officials at the Federal Reserve are often less than […]

The post Money Metals Exchange Issues 2016 Gold/Silver Forecast appeared first on CoinWeek.

Continue Reading on CoinWeek

PAMP Suisse and Good Delivery: Profiles in Bullion

By Ron Drzewucki – www.moderncoinwholesale.com….. Not every nation has its own mint. Many do, but it’s a surprising minority of the world’s countries. Not quite as numerous as national mints but certainly more common than you might expect are the number of private mints and bullion manufacturers in the world. And they didn’t all spring […]

The post PAMP Suisse and Good Delivery: Profiles in Bullion appeared first on CoinWeek.

Continue Reading on CoinWeek