January 2023 - Week 2 Edition
Year-End Summary: Precious Metals Rally to “Victory” in the Fourth Quarter
Just like a football or basketball game where the favorite team lags for three quarters only to rally for a win, gold and silver rallied in the fourth quarter to take the lead and win the game at the buzzer.
January 2023 - Week 2 Edition
Year-End Summary: Precious Metals Rally to “Victory” in the Fourth Quarter
Just like a football or basketball game where the favorite team lags for three quarters only to rally for a win, gold and silver rallied in the fourth quarter to take the lead and win the game at the buzzer.
December 2022 - Week 4 Edition
CNBC Panel Debates $4,000 Gold in 2023
We’ve already reported how Ole Hanson of Denmark’s Saxo Bank sees $3,000 gold next year, with a potential surge to $4,000. Last week, a CNBC panel held on December 22 debated the fate of gold next year. One panelist, Juerg Kiener, managing director and chief investment officer of Swiss Asia Capital, said gold could surge to $4,000 next year as interest rate hikes and recession fears keep markets volatile.
December 2022 - Week 3 Edition
Gold Jumped Significantly Since Fed’s Interest Rate Hike
Gold has traded between $1,785 and $1821 since Wednesday, December 14, after the Federal Reserve raised rates another 0.5% and issued a downbeat report on potential future rate increases in 2023.
December 2022 - Week 2 Edition
Denmark’s Saxo Bank Analyst Ole Hansen Sees $3,000 to $4,000 Gold in 2023
We haven’t seen a bold gold prediction from a leading global bank in a long time but last week Ole Hansen, the respected commodity strategist at Denmark’s Saxo Bank, says it’s possible for gold to climb as high as $4,000 next year. He cites his reasons being global inflation – despite rising interest rates – on top of a “war economy mentality,” rising deficit spending and a possible global recession in 2023.
December 2022 - Week 1 Edition
Silver Shines Brightly
Gold topped $1,800 Friday and stayed there over the weekend for the first time since last July but it could not hold on to those gains Monday morning. Silver, however, had stronger percentage gains and held those gains, trading above $22 per ounce for the first time in six months. Silver has risen nearly 25% on the London Fixing, from $18.43 on October 19 to $22.99 on December 5. In the same time, gold rose 9%. Our professional account representatives are here to assist you in getting the best precious metals options available.
November 2022 - Week 5 Edition
Gold Enjoyed a Superb November
Gold has enjoyed a superb November. We’re not quite through with the month, but gold is up over 7% in the first four weeks of November. The final closing London gold fix on October 31 was $1,639, and the November 28 opening quote was $1,763, up 7.57%.
November 2022 - Week 4 Edition
The History Surrounding Thanksgiving Day & Sarah Hale May be Different than You Think
As we celebrate Thanksgiving with our friends and family this week, I wanted to share a couple of stories of how the traditional holiday began more from fable than fact as Pilgrims didn’t wear big hats and clunky shoes.
November 2022 - Week 3 Edition
Tour One of the Four Operating Mints – or Historic Mints, or the BEP
When I was growing up collecting coins, there were only three operating Mints and two mint marks. There was no “P” for the Philadelphia Mint, since it was the original Mint and “didn’t need no stinkin’ badge” to proclaim its supremacy. So, we were on the lookout for a “D” mark for the Denver Mint or “S” for the San Francisco Mint, since the New Orleans Mint closed in 1909, and the West Point Mint hadn’t opened. As time permits, we want to take you on a virtual written tour of operating mints, one at a time, starting next week.
November 2022 - Week 2 Edition
World Gold Council Cites Strong Third-Quarter Demand (+28%) vs. Flat (+1%) Supply Growth
According to the latest World Gold Council quarterly report, released last week, central banks bought a record of nearly 400 metric tons of gold last quarter, bringing total central bank gold buying for 2022 (through three quarters) to the highest level since 1967, when the dollar was still backed by gold.
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