Daily Market Report 9/18/14

GOLD

After yesterday afternoon’s Federal Reserve statement on cutting back the quantitative easing, Gold quickly dropped $20 per ounce, reaching low of $1,216 (a 7-month low). Asian and European Gold demand was strong in overnight trading and the price moved up quickly to $1,226 just before the U.S. COMEX opened.

At 11am PDT today, Gold is trading at $1,226.50 per ounce, down $9.50 per ounce on good volume.

SILVER

In overnight trading Silver hit a low of $18.26 per ounce before seeing sizeable bargain buying. Silver followed Gold’s increases and quickly rallied back to $18.65 per ounce.

At 11am PDT today Silver is down $0.18 per ounce, trading at $18.54 per ounce on excellent volume.

RARE COINS

Early last month I reported from the Chicago ANA that the release of the Kennedy Gold Half Dollar was a Kennedy Gold Coin becomes a Numismatic Disaster. The price has been on a decline since that show, and yesterday I saw a very funny Youtube video that is worth seeing.
Here is a link https://www.youtube.com/watch?v=iIUto60ywG0