Precious Metal & Rare Coin Market News

David Beahm Blanchard CEO

Monday Morning Wrap Up – August 24, 2020

Ask an Expert, Gold, Investment |
Election politics take center stage. Only 70 days until the presidential election. The nation is hurtling towards one the most contentious and most significant presidential elections in decades. Indeed, the political conventions are now in full swing. And, thanks to Covid, the nominating conventions are virtual. Instead of in front of thousands of in-person delegates, Joe Biden officially accepted the Democratic presidential nomination in a virtual event last week. President Trump and the Republicans follow ... >> Read More        
David Beahm Blanchard CEO

Monday Morning Wrap Up – August 17, 2020

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Consumer inflation heats up fast. Is the inflation genie out of the bottle? Once it has escaped, policymakers know it is very hard to get it under control… New data last week revealed that July Consumer Prices jumped higher. The annual core CPI inflation rate rose to 1.6%. Here's what costs more now: Gasoline prices increased by 5.6% m/m in July, motor vehicle insurance prices increased by 9.3% m/m last month, air fares increased by ... >> Read More        
David Beahm Blanchard CEO

Monday Morning Wrap Up – August 10, 2020

Ask an Expert, Gold, Investment, Research |
That didn't take long. As the historic precious metals rally in 2020 continues, gold hit a major milestone last week at the $2,000 per ounce level – and kept on going! Spot gold traded as high as $2,059.90 last week as the coronavirus pandemic created the perfect playbook for gold and silver to perform strongly. Global central banks and governments continue to flood the economy with stimulus and cash which has lifted demand for tangible ... >> Read More        
David Beahm Blanchard CEO

Monday Morning Wrap Up – July 27, 2020

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        
David Beahm Blanchard CEO

Monday Morning Wrap Up – June 29, 2020

How Long before We See Gold Hit $2,000? Did you wonder what would happen to the economy once the second wave of Covid-19 hits in the fall? It turns out the first wave still isn't over. In fact, it's getting worse. Covid-19 infections are spreading like wildfire in hot spot states. Last week, the U.S. recorded a new all-time daily high of Covid-19 cases – at 40,000 in one day. The U.S. now has 2.4 ... >> Read More        
David Beahm Blanchard CEO

Monday Morning Wrap Up – June 22, 2020

Fed to the Rescue. Again. You may have heard the saying, "Don't Fight the Fed." Last week, the Fed once again turned fear into greed and boosted stocks with an unexpected announcement that it will start buying individual corporate bonds. Whatever it takes. Yes, indeed. No matter the future cost, the Fed valiantly continues to support the bubble in risky assets, known as the stock market. No matter how far the stock market valuations differ ... >> Read More        
David Beahm Blanchard CEO

Monday Morning Wrap Up – June 15, 2020

A wake-up call hit Wall Street last week. The Dow plunged over 1,800 points in one day, or 6.9%, chalking up the worst day since March. Rightly so, many have questioned the stock market's near vertical rally in recent weeks, while the pandemic rages on and many businesses are a skeleton of their former selves. Last Thursday, the excessive optimism collided with reality and stocks plunged. Signs that coronavirus cases are surging in some states ... >> Read More        
David Beahm Blanchard CEO

Monday Morning Wrap Up – May 25, 2020

Harold Hamm lost more than $3 billion in March. The self-made billionaire is scrambling to survive the bust in oil prices, which saw New York crude oil trade below $0 a barrel last month. With no college degree, Hamm first hit it big by drilling in an overlooked North Dakota oil field over a decade ago. The coronavirus pandemic tanked global demand for crude oil, another market completely disrupted by the crisis. While you probably ... >> Read More        
David Beahm Blanchard CEO

Monday Morning Wrap Up: May 18, 2020

The days are getting longer. The sun is shining brighter. Flowers are blooming. Garden centers are reopening in many part of the country so people can begin their spring planting: seeds, tomato plants, annuals and more. Spring is a time of new beginnings. We as a country are still mired in a great deal of uncertainty, yet there is so much to be hopeful about. In the midst of the economic distress, tragic health issues ... >> Read More        
David Beahm Blanchard CEO

Monday Morning Wrap Up: May 11, 2020

America is Resilient As we move into the second month of the COVID-19 pandemic, it's worth pausing to remember how our country overcame past crises. Remember the historical events that shook our country like the Spanish flu, the Great Depression, Pearl Harbor, 1970's oil embargo, 9/11, the 2008 financial crisis and more. America is resilient. We as a nation worked through previous crises and this too shall pass.  While the details and cause of the ... >> Read More       Â