Market News

David Beahm Blanchard CEO

Monday Morning Wrap Up – August 17, 2020

Ask an Expert, Gold, Investment |
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        
The Uniquely American Appeal of the $3 Indian Princess

The Uniquely American Appeal of the $3 Indian Princess

Rare Coins |
In 1854 the U.S. Mint's chief engraver, James B. Longacre, reached a milestone in his career. For the first time, he would choose the design for a piece of currency: in this case the three-dollar gold coin. Much of the currency up to that point favored designs that referenced the Romans and the Greeks. However, Longacre decided to go in a different direction. He wanted to choose something that was closer to the American identity ... >> 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        
Could Covid Kill the Penny?

Could Covid Kill the Penny?

Research |
See a penny pick it up –and all day you'll have good luck! Remember that old rhyme? It could become a relic – along with the penny if some cost cutters get their way. The Covid-19 pandemic has created a nationwide coin shortage. Shoppers are relying on debit and credit cards to avoid touching cash, which can carry germs, but that's left parts of the nation short on spare change. Here's what the Federal Reserve ... >> Read More        
David Beahm Blanchard CEO

Monday Morning Wrap Up – August 3, 2020

Featured, Gold, Investment, Research |
Last week was one for the history books. After nine-years, gold surged to a new all-time record high – trading up to $1,977.50 as the Covid pandemic rages on, the economic data crumbles and the U.S. dollar crashes lower. The GDP report was a bitter pill to swallow – even though we knew it was coming. The 2Q GDP report revealed that U.S. economic growth plunged 32.9% in the second quarter. That marks the largest ... >> Read More        
Goldman Sachs Warns Dollar Could Lose Reserve Status

Goldman Sachs Warns Dollar Could Lose Reserve Status

Featured, Gold, Investment, Research |
The U.S. Stands at a Dangerous Tipping Point. As gold spiked to a new all-time record high this week at $1,960 an ounce, Wall Street investment bank Goldman Sachs warned the U.S. was at risk of losing the dollar reserve currency status. Soaring U.S. government debt, rising political uncertainty and social unrest dominate our times. Meanwhile, our government policies have cheapened the value of our money. The U.S. dollar’s century-long reign over the world economy ... >> Read More        
Has the Psychological Impact of COVID Altered Investor Behavior?

Has the Psychological Impact of COVID Altered Investor Behavior?

Gold, Investment, Research |
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        
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        
What Could Gold Do In the Second Half of 2020?

What Could Gold Do In the Second Half of 2020?

Gold, Investment |
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        
David Beahm Blanchard CEO

Monday Morning Wrap Up – July 20, 2020

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