What Could Steve Mnuchin Mean for Gold Prices?

Posted filed under Consultants Corner.

Image Credit: ABC News Identified as “the Anti-Populist From Hell” by the New Republic, Steven Mnuchin is President-elect Donald Trump’s pick for Treasury Secretary. 1 Accused of mercilessly profiting from the housing crisis, the former Goldman Sachs banker and Hollywood movie producer would be responsible for overseeing banking regulations, financial markets, and the IRS as… Read more »

Gold Price Forecast 2017

Posted filed under Gold Price News.

Despite the impact of the U.S. presidential election on the equities markets, 2016 was a good year for gold. Hitting a high of $1,344 in July, prices for the yellow metal closed up eight percent at the end of the year. 1 Of course, everyone is now looking at the prospects for further increases in 2017, and… Read more »

Price of Silver Weekly Recap: January 09 – January 13, 2017

Posted filed under Silver Price News.

silver price recap

Silver prices started at $16.46 on Monday before a period of strong buying sent them to $16.95 an ounce on Thursday. Friday morning’s silver price chart reported $16.65, but the price of silver swiftly recovered to close at $16.82. Silver prices started off the year with a positive trend, possibly reflecting market concerns over global factors… Read more »

Price of Gold Weekly Recap: January 09 – January 13, 2017

Posted filed under Gold Price News.

gold price recap

Gold enjoyed a good week in light but solid buying, closing up nearly two percent over the five days. Starting at $1,174.14 on Monday, the gold spot price chart reported $1,197.46 on Friday—a slight dip from its seven-week high of $1,205.50 on Thursday. Although breaking the psychologically important $1,200 an ounce threshold for the first time in… Read more »

American Gold Buffalo Proof Coin

Posted filed under Coin Spotlight.

The American Gold Buffalo proof coin, the first nearly pure gold coin struck by the U.S. Mint, celebrates the rugged beauty of the land that lured thousands of prospectors and made even more rich: the American West. The Story Behind the American Buffalo Gold Coin The American Buffalo Gold coin derives its design from the… Read more »

Declining Dollar, Increasing Inflation, and Escalating EU Crisis in 2017?

Posted filed under Consultants Corner.

Markets reflect both the short-term expectations of traders and the inexorable forces of long-term realities. Concerns over the U.S. and global economic and political environment drove fervid gold buying in early 2016. Then the election of Donald Trump to the presidency infused optimism into the markets, causing gold and silver prices to give back some… Read more »