For the week in sum (6/18/2018 – 6/22/2018), gold finished lower by 0.6% or $8 to close at $1,271. As of the final trade on the New York COMEX futures market on Friday afternoon. Failed Support Turns to Resistance The power of the principle: “failed support turns to resistance” should […]
Month: June 2018
Darth Vader Silver Coin
I find your lack of Darth Vader coins…disturbing. A long time ago in a galaxy far, far away…. The Rebel Alliance restored order to the galaxy by defeating Darth Vader and the Galactic Empire. Now, you don’t have to travel to that galaxy so far away in order to get […]
First Public Appearance Since 1890
Newman’s Unique 1792 Washington President Gold Eagle Certified by NGC An extremely rare, one-of-a-kind gold coin made its first public, pre-auction showing since 1890, when Heritage Auctions put it on display June 14 at the Long Beach Coin and Collectibles Expo in California. The coin, a 1792 Washington President Gold […]
US/China Trade Wars Hit Precious Metals
The harsh selling in gold but especially silver on Friday – down 2.3% and 4.5%, respectively. This was largely the result of widespread liquidation across the entire commodity spectrum during the early morning hours. The selloff followed an announcement by President Trump that the US will impose new tariffs on […]
Precious Metals Prices & FED
Bullion investors were pleased this morning to see their holdings appreciate in value. The spot price of gold climbed back up above $1300 per ounce while silver bounced back up above $17 as the Federal Reserve raised interest rates and indicated that there would be further interest rate hikes in […]