Commodity Futures Trading Commission (CFTC) …… The Commodity Futures Trading Commission (CFTC) today announced that Judge Steven C. Seeger of the U.S. District Court for the Northern District of Illinois issued final judgments and consent orders against James Vorley and Cedric Chanu, former precious metals traders, for spoofing and engaging in a deceptive or […]
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By Patrick A. Heller
Ignoring the effects of inflation of the money supply, the price of gold this week reached an all-time record high, closing on the COMEX on Aug. 5 at $2,031
This week, the price of gold reached an all-time high price against the U.S. dollar
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 […]
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By Patrick A. Heller
The COMEX began trading gold futures contracts shortly after it was again legal for Americans to own gold at the beginning of 1975. An explicit purpose for setting up this gold exchange was to help manage the price of gold
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
If you look at the COMEX closes on March 24, the spot price of gold was about $1,585.00 and silver was about $14.23
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
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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By Patrick A. Heller
The U.S
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 […]
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From the New York COMEX closes on Dec. 28, 2018, to Sept. 3, 2019, the price of gold jumped 20
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
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 […]
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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 […]
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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 […]
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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 […]
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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. […]
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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 […]
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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 […]
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