Precious Metal & Rare Coin Market News

We live in confusing times. The outlook for a COVID vaccine has never been more promising. Yet, the number of new cases in the US has never been more dire. This dichotomy has people reeling because they are rightfully frightened while guardedly optimistic. Consider the tone Pfizer CEO Albert Bourla struck earlier this month when he remarked on the company’s progress towards a vaccine stating, “until now I was thinking if we have a vaccine ... >> Read More        

Falling dollar helps gold shoot above $1,900 an ounce. The U.S. dollar fell five days in a row last week. While paper money fell in value, gold and silver leapt sharply higher last week – fueled by a new Cold War with the U.S. and China, expectations for another trillion dollar government stimulus bill (paid for by newly printed dollars) and interest rates stuck at zero. The historic 2020 bull market in precious metals is ... >> Read More        

Uncertainty has long been the default outlook of investors. The present, however, represents both uncertainty and volatility not commonly seen in the markets. COVID-19 cases continue to climb, geopolitical events develop on an hourly basis, and markets are wavering. These factors, which are likely to remain in flux over the next six months, have investors confused. In times like these, it is often useful to examine the most influential characteristics of the present to understand ... >> Read More        

Silver Climbs 68% since Mid-March Low Precious metals are on a tear this summer. Silver soared as high as $19.44 last week, and continues to climb today, cementing a 68% gain off the mid-March low. The rotation toward silver is evident in the precious metals arena, as silver has now outpaced recent gains in the S&P 500 and even gold. Investors are piling into silver as an alternative to Treasury bonds and even gold. Industrial ... >> Read More        

Gold: One of 2020's Top Performing Asset Classes All eyes are on the gold market. Gold closed higher for the fifth week in a row, cementing its spot as one of 2020's best performing asset classes. Gold is up 17% this year and closed above the $1,800 an ounce level last week. Silver wasn't going to be left behind – and it also closed higher last week above the $19 an ounce level. The trend ... >> Read More        

If you are parking your sidelined cash in a money market fund, caveat emptor. That's Latin, of course, for let the buyer beware. Long thought to be a safe harbor in turbulent times, money market funds are showing their true stripes these days. Few investors read the fine print on their investment company's website or obscure SEC documents, so we are detailing current issues you need to understand here. Long gone are the days when ... >> Read More        

Gold Surges above $1,800 for First Time Since 2011 Gold traded above the $1,800 an ounce level last week for the first time since 2011. The summer gold rally is hot and getting hotter. As the economy continues to reopen, store clerks are reminding shoppers to put on their face masks. People are waiting for the next elevator. Hand sanitizer is available at almost every establishment you enter. Yet Texas, California and Florida continue to ... >> Read More        

It turns out, investors have short memories. If you have assets invested in the stock market, you might be feeling okay right about now. Indeed, the stock market has rebounded smartly off the March lows. The S&P 500 is still down on the year, but only a 3% decline – versus the stomach-wrenching 35% decline we lived through in March. Do you believe the worst of the Covid-19 inspired stock market declines are behind us? ... >> Read More        

We live in a historic period in which the US economy is experiencing a massive inflow of money. This tidal wave will have a meaningful impact on all investments, including gold. To understand why, one must first understand the M1 and M2 money supply. The M1 money supply is a measure of currency in an economy. This category includes physical currency, demand deposits, negotiable order of withdraw accounts, and travelers’ checks. These are forms of ... >> Read More        

No doubt, you've been both comforted and confused by the strong rebound in the stock market in recent weeks. You aren't alone. Speculators run the show these days.  And that only lasts so long before it falls apart.  The Speculative Day Trading Mania of 2020 We are seeing a stock market mania and a bubble – while we are in a recession! There is a reason for the massive disconnect in the stock market and ... >> Read More