January 2018 – Week 4 Edition
Bitcoin Falls 53% in One Month!
In the last month, gold is up $95, and Bitcoin is down $9,500! The first official trading of Bitcoin in America was introduced on the Chicago Board Options Exchange (CBOE) on December 10, 2017. Less than a week later, we saw the bubble peak of Bitcoin prices at $19,870.62 on December 16. (Unlike most financial markets, Bitcoin trades 24/7 around the world, somewhere, electronically, including weekends.)
January 2018 – Week 3 Edition
The Dollar May be Just Beginning a Long-Term Down Trend
Ever since the dollar was set loose from gold in 1971, we have seen a series of wide dollar swings down and up and down again, usually in swings lasting 7-8 years. The dollar fell from 1971 to 1978, rose from 1978 to 1985, fell until 1994, rose until 2001, fell until 2008, rose until 2016 and began falling in 2017.
January 2018 – Week 2 Edition
The Wall Street Journal Likes Gold Again!
At the start of the year, the two major Dow Jones publications featured bullish headlines on gold.
December 31, 2017 – Year-end Edition
A Review of 2017 in the Rare Coin and Collectibles Market
Gold closed the year above $1,300 for its best annual increase (+13.5%) since 2010.
December 31, 2017 – Year-end Edition
A Review of 2017 in the Rare Coin and Collectibles Market
Gold closed the year above $1,300 for its best annual increase (+13.5%) since 20
December 2017 - Week 4 Edition
Bitcoin Bites the Dust – Down $7,200 (37%) in Five Days
While gold is rising, the trendy electronic crypto-currency Bitcoin collapsed from $19,363 on Sunday, December 17 to a low of $12,148 (down 37% in five days) on Friday, December 22, before rallying to close above $13,000 over the weekend (Bitcoin trades 24/7 and also on weekends).
December 2017 - Week 3 Edition
2017: The Dollar Fell, Gold Rose and My Friend Won a Bet
A year ago, in their December 26, 2016 issue – their last issue for 2016 – the Barron’s Commodities column carried the headline, “The End of a Gold Era.” They quoted leading Wall Street banks like Bank of America, which said that Fed rate hikes will be “a key headwind to gold.” The London Bullion Market Association, however, was more bullish than usual in their 2017 predictions.
December 2017 - Week 2 Edition
Liberal Pundit Paul Krugman is Wrong Again
At 12:42 am on Wednesday morning, November 9, 2016, the Liberal Nobel-Prize winning economist Paul Krugman filed an article for the New York Times titled “The Economic Fallout,”
December 2017 - Week 1 Edition
Michael Flynn, North Korea and Gold Prices
Gold flirted with $1,300 last week – each London morning price fix from Monday through Wednesday ranged from $1,293 to $1,295 – only to fall below $1,280 again by week’s end. There was a lot of news pushing gold prices around – a tax bill working its way through the Senate, a guilty plea by former Trump advisor Michael Flynn and ongoing concerns about North Korea’s nuclear missile capabilities – but all three of these issues are far from resolved, so we should see gold continue to trade as a “crisis hedge.”
November 2017 - Week 4 Edition
The Big Surprise of 2017 – A Sinking Dollar and Rising Euro
You would think that with “Brexit” and a weak euro – and tensions in the Middle East and Asia – that the dollar would be the “safe haven” currency of 2017, but the big surprise of the year is that the U.S. Dollar Index began the year at 103 and is currently under 93 – down 10% in the first 11 months of the year.
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