Precious Metal & Rare Coin Market News

It's December: The Nation Is Still Waiting for a Winner Dozens of lawsuits are underway to decide whether or not uncounted mail-in ballots in key battleground states should be counted. It was a rigged election, the Republicans say! So…here we are in early December – and the nation still doesn't know who won the Presidential election in November. Joe Biden won the popular vote easily on Election Day – as the polls predicted he would ... >> Read More        

Goldman Sachs says sell U.S. dollar, buy silver. Heading into the U.S. election, Goldman Sachs issued new reports over the past week advising its clients to sell the U.S. dollar and to buy silver. “The risks are skewed toward dollar weakness, and we see relatively low odds of the most dollar-positive outcome -- a win by Mr. Trump combined with a meaningful vaccine delay,” Goldman analysts said. A weaker U.S. dollar is a positive signal ... >> Read More        

Rejected Ballots Deliver Win to Trump. It's Election Night 2020. Democratic contender Joe Biden is ahead in the popular vote as of 9 pm ET. Traditional "Blue" states like Washington, Oregon, California, New York and Illinois have been called for Biden. Key battleground states like Minnesota, Wisconsin, Michigan and Pennsylvania with their rich number of Electoral votes are still undecided. Will those states go to Trump or Biden? Americans across the country are glued to ... >> Read More        

Will we get an October surprise? News events are moving at breakneck speed. In the span of one week: President Trump was hospitalized for COVID-19, released and is now back at home in the White House giving re-election rally speeches. The second presidential debate between President Trump and Democratic candidate Joe Biden was cancelled as Trump declined to participate in a virtual debate. The FBI charged six men with a plot to kidnap Michigan Governor ... >> Read More        

The Red Mirage…and Blue Shift  It's Election Day 2020. Tensions are high. Alarm bells have been sounding for weeks with President Trump's repeated statements that mail-in ballots are rigged. Polls in recent weeks have shown that Democrats planned to vote by mail at a much higher rate than Republicans. Indeed, in key swing state Wisconsin, a Marquette University poll revealed that 47% of Democrats plan to vote by mail, while just 18% of Republicans do ... >> Read More        

President Trump hospitalized with COVID-19 infection. Last week President Trump and First Lady Melania Trump became infected with COVID-19. On Friday, the president was moved to Walter Reed Medical Center and received an experimental antibody drug treatment through a "compassionate care use" request made by the biotech company Regeneron. A Sunday press conference with White House doctors said the president "feels well" and that he could be discharged as early as Monday. The U.S. stock ... >> Read More        

Political risks are rising. The stock market sank last week as the September sell-off continues, with technology stocks leading the way down. The Nasdaq 100 has plunged 12% since September 2nd. The FAANG stocks, which include Facebook, Apple, Amazon, Netflix and Alphabet (Google) have tumbled 15%. The S&P 500 has dropped 9% so far in September. The stock market is lurching lower amid the growing uncertainty over the state of the economy, worries over the ... >> Read More        

Are you ready for October? Crash month. It's right around the corner. October often triggers fear and panic among investors as memories of the 1929 and 1987 market crashes come alive. Indeed, history is littered with downright scary moves in October. Remember the 554-point drop on October 27, 1997? Don't forget Friday the 13th in 1989. More recently, the Dow crashed 18.2% in October 2008 (1,874 points). Investors are rightly concerned that the recent tech-led ... >> Read More        

High-flying tech stocks fall fast. Warning: volatility lies ahead! Football is back, children are in school (or on Zoom classes), a chill is felt in the morning air and in some parts of the country the leaves are beginning to turn yellow, red and brown in Mother Nature's stunning fall display. Yet, despite this small sense of the new normal, the stock market cratered last week in a topsy-turvy week in which investors dumped high-flying ... >> Read More        

Trust in Money. As summer winds down, the case for gold diversification grows stronger every day. Wells Fargo's Head of Real Asset Strategy John LaForge outlined in a research note to clients on Aug. 24 the factors that drove gold up 35% in 2020. They are: low long-term interest rates excessive global money printing a weakening U.S. dollar The fourth reason he states might be shocking to some: distrust in the global monetary system. Here's ... >> Read More