Weekly Market Report

Some links to recent informative articles on precious metals and rare coins: Why Goldman Sachs is Wrong on Gold Gold imports soar 176% in India This Week’s Headlines: Gold Silver Rare Coin Update Recommended Investment Commitment and Diversification GOLD The bears continue to maintain control of the Gold market. Gold was able to rally up $12 early last week, reaching...

This Week’s Headlines: Gold Silver Recommended Investment Commitment and Diversification GOLD Gold decreased all five trading days last week, dropping below the important $1,250 per ounce support level; making trading a bit strange. I saw very light technical trader selling coming in to short the market. Normally, after a serious break of an important support level the margin call selling...

This Week’s Headlines: Gold Silver Rare Coin Market Update Recommended Investment Commitment and Diversification GOLD The European Central Bank took a very aggressive stance last week to improve the worsening economic slump in the Eurozone countries. Last week’s stimulus announcement was an asset backed bond purchasing program along with a lowering of their key deposit and refinance interest rates. This...

This Week’s Headlines: Gold Silver Rare Coin Market Update Recommended Investment Commitment and Diversification GOLD Last week Gold traded in a narrow $22 high/low trading range on all five days. The high for the week was $1,297 per ounce, while the low was $1,275. The trading volume was low, due to light summer trading leading into a long holiday weekend...

This Week’s Headlines: Gold Silver Rare Coin Market Update Recommended Investment Commitment and Diversification GOLD Gold has traded in a narrow $40 per ounce price range both above and below the $1,300 per ounce level since the beginning of this month. Gold closed on Friday at $1,280.20 per ounce, down $2.60, during the sixteenth trading day of August. Given the...

This Week’s Headlines: Gold Silver Rare Coin Market Update The Kennedy Gold Coin becomes a Numismatic Disaster Recommended Investment Commitment and Diversification GOLD The negative effects on the Gold price of a strong U.S. Dollar in the world’s foreign exchange markets is being offset by the geopolitical and military actions currently occurring around the world. The Russian build-up of troops...

This Week’s Headlines: Gold Silver Rare Coin Market Update Recommended Investment Commitment and Diversification GOLD The fight between the Gold bulls and bears continued last week. The field for this battle was above and below the $1,300 per ounce price level. Last Wednesday in late trading Gold broke below the $1,300 level and closed at $1,296.90 per ounce. The next...

This Week’s Headlines: Gold China, is the Renminbi going to be backed by Gold? Silver Rare Coin Market Report Recommended Investment Commitment and Diversification GOLD Gold spent last week fighting to stay above the $1,300 per ounce support level. It started the week well, holding above $1,300 until Thursday when an individual, corporation, or country sold a large quantity of...

This Week’s Headlines: Gold BRICS Countries meet to create a New International Bank Silver Silver Institute Reports Increasing Silver Demand in 2014 The July 2014 CoinStats is Now Available Recommended Investment Commitment and Diversification GOLD A major Gold seller hit the U.S. Gold market with a massive sell order last Monday and Tuesday. After six straight weeks of increases in...

This Week’s Headlines: Gold Russia surpasses US Gold production for first time in 25 years Silver The July 2014 CoinStats is Now Available Recommended Investment Commitment and Diversification Gold Last week the Gold price increased another $16.80 per ounce, while trading between $1,312 and $1,346 per ounce. Last Thursday Gold broke above the $1,332 per ounce resistance level on the...