Texas Revolution: SB 2097 Would Make Gold & Silver Legal Tender

Posted filed under Gold and Silver News.

texas flag gold bullion

Joining a movement that is gaining in popularity in numerous states, Texas legislators are considering a measure that would take significant power away from the Federal Reserve. They’ve introduced a bill that would establish the status of gold and silver as legal tender in the state: SB 2097. 1 If passed, the legislation would make… Read more »

Price of Silver Weekly Recap: April 17 – April 21, 2017

Posted filed under Silver Price News.

silver price recap

Silver prices opened on Monday at $18.53 an ounce and closed at $18.41. The spot silver price chart reported $18.17 on Tuesday morning, but the price of the white metal climbed to $18.36 by midday before closing at $18.30. This pullback in silver prices continued for the remainder of the week. Light trading kept silver… Read more »

Price of Gold Weekly Recap: April 17 – April 21, 2017

Posted filed under Gold Price News.

gold price recap

Economic and political uncertainty at home and abroad fueled heavy gold trading last week. Gold prices were $1,288.60 on Monday morning and quickly hit what would be the week’s high of $1,291.74 an ounce. Tuesday and Wednesday were marked by a pullback in trading as the market awaited more economic news, with the spot gold… Read more »

Price of Silver Weekly Recap: April 10 – April 14, 2017

Posted filed under Silver Price News.

silver price recap

The silver market showed increasing strength with steady buying after digesting last week’s news and trading. The opening price of silver of $17.81 on Monday proved to be the low for the week, with a steady rise to a close just four cents under the psychologically important $18 mark. The momentum continued into after-hours trading,… Read more »

Price of Gold Weekly Recap: April 10 – April 14, 2017

Posted filed under Gold Price News.

gold price recap

Following President Trump’s comments about an overly strong U.S. dollar, gold led the way in an outstanding week for precious metals. The Monday opening of $1,250 fast became a fleeting memory as steady buying brought price increases until Friday’s close at $1,287.65. As the volume increased from Monday’s close of $1,256.09, the Tuesday high was not hit… Read more »

Gold Prices Could Reach $1,475 in 2017

Posted filed under Gold Price News.

gold bar

Metals Focus, an independent precious metals research house, has just released its much-anticipated Gold Focus 2017 report. The organization’s analysis of market trends and supply and demand suggests that investing in gold is a good decision in 2017, as gold bullion prices could hit at least $1,475 per ounce by year’s end. 1 Pricing Factors While the factors… Read more »