Price of Silver Weekly Recap: June 6 – June 10, 2016

Posted filed under Silver Price News.

silver price recap

After last week’s extremely poor U.S. jobs report, the price of silver rose to open the week around $16.40 per ounce. The jobs report fell short by its projection by a huge amount, sparking recovery in the precious metals market. The dollar dropped lower than it has all year; both gold and silver rose by… Read more »

Price of Gold Weekly Recap: June 6 – June 10, 2016

Posted filed under Gold Price News.

gold price recap

After last Friday’s dismal jobs report, it’s likely that the June rate hike is now off the table. For months, a June rate hike was extremely likely, since the economy seemed to be improving, however, Friday’s non-farm payroll showed only 38,000 new jobs added in May, the lowest monthly gain since 2010, and a drastic… Read more »

What Are Ultra Cameo Grade Coins?

Posted filed under Consultants Corner.

ultra-cameo-grade-coins

Throughout history, collectors have always had an eye for the finest examples of any minted coins. As early as the Roman Empire, there were individuals who built collections of coins based on their artistic quality, geographic origin, or other characteristics. Ultra cameo, or deep cameo, coins are a special type of coin that possess a… Read more »

U.S. Gold Supply: A Large and Growing Deficit

Posted filed under Gold and Silver News.

us-gold-supply

Everyone who buys gold for investment, whether long or short-term, should understand the role supply and demand plays in the pricing of all commodities. This reality makes a recent report about continuing gold deficits in the U.S. of particular interest to gold investors. Gold Supplies Continue to Fall Below Demand According to a recent analysis… Read more »

Price of Silver Weekly Recap: May 30 – June 3, 2016

Posted filed under Silver Price News.

silver price recap

Silver largely followed gold’s trajectory this week, trading in a relatively low and narrow range until Friday. Major influences on silver were the same as those that affected the gold price, namely anticipation of a Federal Reserve decision to raise interest rates at their next meeting in June. Selling pressure was strong for both precious… Read more »

Price of Gold Weekly Recap: May 30 – June 3, 2016

Posted filed under Gold Price News.

gold price recap

Last Friday, May 27, Janet Yellen reinforced a hawkish stance on monetary policy, indicating a rate hike in June. Monday’s gold market opened the week substantially lower, right at the $1,205 per ounce level, hitting a 15-week low. However, at the same time Citi Research, a division of Citi Bank, increased its gold forecast to… Read more »