Market News

Can Fed's big-gun response work?

Can Fed’s big-gun response work?

We woke up to a Monday like no other. Daily life around the world is grinding to a halt as the virus crisis spreads. The Federal Reserve stepped in on Sunday with a dramatic, all-out attack on the growing economic and health crisis spurred by COVID-19. In the second emergency rate cut this month, the Fed slashed interest rates to 0% - 0.25%, the lowest level since the 2008 global financial crisis. In recent days, ... >> Read More        
Strategizing Investments as The Global Economy Enters a Pandemic

Strategizing Investments as The Global Economy Enters a Pandemic

As of this article there have been 121,061 confirmed cases of the coronavirus worldwide resulting in 4,368 deaths. Recently, the World Health Organization declared the coronavirus a pandemic. As a result, businesses have begun to feel the effects. Supply chains have been disrupted, consumers are distracted, and equity markets are in steep decline. Since the start of the year the S&P 500 has plummeted more than 15%. In the opening remarks of the March 11th ... >> Read More        
1806 Draped Bust Half Silver Dollar

1806 Draped Bust Silver Half Dollar

Market News, Rare Coins |
She is a busty beauty with flowing long hair. This 1806 classic silver half dollar, the Draped Bust, has outstanding eye appeal and a natural heft to hold in your hand. Congress first authorized the creation of a half dollar in April, 1792. The Draped Bust version was struck from 1796 through 1807. Collectors have numerous varieties to choose from when selecting 1806 half dollars. The one in our current inventory is one of the ... >> Read More        
Is the Fed Panicking?

Is the Fed Panicking?

The Fed can't stop the spread of COVID-19. But, it's doing what it can. In a shocking and aggressive move designed to boost consumer and business confidence, the Federal Reserve slashed interest rates by 50 basis points Tuesday morning, acknowledging economic risks from the fast-spreading coronavirus. This is the first emergency interest rate cut since the 2008 Global Financial Crisis and only the ninth emergency cut in history. Never before has the Fed responded to ... >> Read More        
Fear Drives Stocks Into Correction Territory

Fear Drives Stocks Into Correction Territory

There is an old market saying: Stocks take the stairs going up and take the elevator down. That was evident last week as the Dow Jones Industrial Average collapsed as much as 12.4%, falling into so-called correction territory (declines of 10% or more).  The eye-popping stock selling marked the worse week since the 2008 Global Financial Crisis. Apple and Microsoft lost a combined $300 billion. The coronavirus has now spread to 60 countries around the ... >> Read More        
1897 New Orleans Mint

Celebrating Mardi Gras: The History of the New Orleans Mint

It was the year 1835. Large quantities of gold were being shipped overland to the East, only to be waylaid by bandits en route. So the U.S. Congress, in a moment of wisdom, declared that branch mints be established in three southern cities, including the grand dame herself: New Orleans. From its beginning, the New Orleans Mint was vitally important. One reason is New Orleans’ location at the mouth of the Mississippi River, which made ... >> Read More        
Apple Revenue Warning Sends Stocks Skidding, Gold Soaring

Apple Revenue Warning Sends Stocks Skidding, Gold Soaring

Apple's (AAPL) unexpected warning to investors was bleak. The tech giant issued guidance last week that it won't meet its first quarter revenue goals because of the coronavirus. Gold surged to a 7-year high as investors around the globe began dumping stocks and buying precious metals as fears around the coronavirus economic impact, now known as COVID-19, spread further. While economists have warned about the potential economic disruption from the pandemic, Apple's stark warning was ... >> Read More        
Three-Cent Silver: Solving the problem of scarcity

Three-Cent Silver: Solving the problem of scarcity

The US three-cent silver coin was one of the many repercussions of the California gold rush. The country experienced a surging supply of gold as new discoveries opened in the east. This development created an economic scenario in which the price of gold relative to silver dropped. Thus, silver could be traded for ever increasing amounts of gold. As a result, a shortage of silver developed in the country. This was the new setting in ... >> Read More        
Is Your Portfolio Ready For Super Tuesday?

Is Your Portfolio Ready For Super Tuesday?

Investment, Market News, Research |
Senator Bernie Sanders still has a long way to go before he'd get the green light to move into the White House. Yet, the recent Iowa Caucus, which appears to be a tie between Sanders and moderate Pete Buttigieg, reveals strong support for the Vermont Senator's progressive policies. The stock market continues to edge to new all-time highs and for now is shrugging off the Sanders surge. Are stock investors complacent about the potential risks ... >> Read More        
The Future of Gold Mining

The Future of Gold Mining

Gold, Market News |
Gold mines are becoming more difficult to source and maintain. Consider that the global nonferrous exploration budget remains below the 2014 level. Moreover, between 2012 and 2016 this figure dropped each year. The S&P Global Market Intelligence Report adds color to these numbers by explaining that, “our research has long shown that the mining industry is allocating an increasing proportion of its exploration spending to advanced projects and mines. This tends to become more pronounced ... >> Read More