Well, I was off by 11 days. In March I forecast that the price of gold would set an all time high record (ignoring inflation) by the end of April. I was premature. I didn’t happen until May 11. The COMEX closed at $1,220 for gold and $19.27 for silver on May 11, breaking the […]
European Dealer Physical Gold Inventories Are Disappearing
Amid all the turmoil with the decline in the value of the Euro, falling global stock markets, a temporarily strong US dollar, civil unrest in Greece, gold and silver prices have been extremely volatile. Just during COMEX hours today, the spot price of silver traded anywhere from $17.48 to $18.65, a 6.6% range. Gold moved […]
Formation of Numismatists United for Political Action (NUPA)
A new organization was formed last week during the Central States Numismatic Society show in Milwaukee—Numismatists United for Political Action (NUPA). This is a grassroots organization with a mission to educate and inspire the coin collecting community to stand up and be heard in Washington. NUPA initially will focus on three issues. First, in response […]
Why Did Gold And Silver Prices Fall On May 4?
Over the years, various US government officials have admitted to extensive interventions in almost all markets other than precious metals. This has led more than one analyst to observe that “there are no markets, only interventions.” On May 4, the price of gold surpassed $1,190 just after 9:00 AM Eastern. There was a significant prospect […]
April 2010 US Mint Bullion Sales: Gold Buffalo Sales Begin, Silver Eagles on Record Breaking Pace
During April 2010, the United States Mint expanded the number of options available to precious metals investors. They continued to offer one ounce American Gold Eagle and American Silver Eagle bullion coins and began sales of the 2010 American Gold Buffalo. This 24 karat gold bullion coin is produced in one ounce size. In the […]
2010 Gold Buffalo Sales Open Strong
Sales of the 2010 American Gold Buffalo bullion coin have reached 48,500 just one day after the United States Mint began accepting orders for the popular 24-karat gold bullion coins. Earlier this week, the US Mint announced that they would accept orders from authorized purchasers starting on April 29, 2010. Similar to other bullion offerings, […]
Gold Price Sets All Time Record High in Switzerland, Brazil, and Euro Zone
Editor’s Note: This article was written Tuesday, April 27, 2010. Today was the first of two consecutive days of gold and silver options expirations. After rising as high as $18.40 during the day, silver tumbled going into the US market close. It settled just over $18.10. Although this price technically meant that a large number […]
2010 American Gold Buffalo Sales Begin April 29
The United States Mint will begin accepting orders for one ounce 2010 American Gold Buffalo bullion coins on April 29, 2010, according to a memo provided to authorized purchasers. The American Gold Buffalo coins have been offered by the United States Mint each year since 2006. The coins feature James Earle Fraser’s design for the […]
Gold and Silver Prices Will Be Held Down Through Next Wednesday
In the coming week, the next round of gold and silver options on the COMEX and Over-The-Counter markets will expire on Tuesday and Wednesday. Before they expire, those who own call options have the right to purchase physical metal at the price stated in the options contract. Those who own put options can deliver the […]
Why Gold Will Not Reach $5,000 By the End of 2011
Almost all analysts of the gold market that take into account what is really happening behind the scenes are optimistic that gold prices are headed much higher in 2010 or 2011 at the latest. Many, including me, expect to see gold top $1,500 before the end of this year. Along with others, I think there […]
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