Market News

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        
Clearing Up Face Value Confusion: The Capped Bust Dime

Clearing Up Face Value Confusion: The Capped Bust Dime

Market News, Rare Coins |
What's that coin worth? After John Reich designed the Capped Bust dime, citizens and foreigners no longer wondered what that coin in their hand was worth. The Capped Bust dime was the first dime that stated its face value on the coin. Minted from 1809 through 1837, Reich is credited with this important innovation of including the value "10C" on the coin. Reich developed the popular 'Liberty with a cap' concept, which was struck on ... >> Read More        
One weird, 8-sided coin

One weird, 8-sided coin

This coin is heavy and large, and it has eight sides. Its face value is $50. One side doesn’t have a portrait, Lady Liberty, or anything else you might expect on a numismatic rarity. No, it has a pattern, created through a process called “engine turning.” It’s an odd coin. You might even call it weird. Take a look at the eagle. It’s a bit scrawnier than our modern numismatic eagle, and it’s holding a ... >> Read More        
What Could China's Coronavirus Mean For You?

What Could China’s Coronavirus Mean For You?

Investors woke up on Monday morning to stock markets sinking around the globe. Growing fears that the China coronavirus could slow global economic activity sent stocks tumbling. The fast-spreading pneumonia-like virus was first identified in China on December 31, 2019 and has now spread outside mainland China. As of January 27, a total of 2,700 confirmed cases are known inside China with 80 deaths. That number is rising every day. Currently, 5 cases are known ... >> Read More