We are now experiencing an increase in customer purchases, including many first-time buyers. This is a reversal of a two year trend. A lot of the money, we’re told, is from stock market liquidation. Gold is flirting with $1300 an oz. and silver is near $16. At a ratio of … Readmore
Our office move has been successfully completed. Fortunately, it was during a quiet time in the market, just the way we planned. Gold and silver just made new lows for the year today ($1,275 and $16.60). In spite of the improving economy, fundamentals for owning some metals remain the same. … Readmore
We don’t often share articles to our mailing list clients, but we came across one that we thought was critical for our clients to know. Especially for any of our clients who have chosen to have a precious metals IRA and take possession of their metals as part of a … Readmore
We just completed a nice month in precious metals with gold advancing from $1301 at year end (Dec Low $1234) to $1341 (Jan High $1362). Could this be the turnaround we have been expecting? A break and closing price above $1370 will confirm it. What is going on with silver? … Readmore
After 45 years in the precious metals markets some things remain the same. Primarily derisive headlines in the media like, “Gold loses its luster”, and “Gold bugs got squished”, appear on every price decline. Other things are relatively new, such as exchange traded funds (ETF’s), a paper proxy for holding … Readmore
After months of waiting for a confirmation of the direction of precious metals, the accompanying charts say it all. All the manipulations, short selling and panic selling appear to have subsided. Looks like a new bull market now for plenty of reasons: Uncontrollable creation of Federal debt (weak dollar) Two … Readmore
The price of gold is rising. Why? There are many causes for the upward movement of Gold from last year’s low price of $1,125 per oz. The most basic one is the increase in worldwide demand while mining output … Readmore
The month of February gave us a strong gold buy signal, every day closing above $1,200 (the 50 day moving average) and now closing above $1,250 (the 200 day moving average), up 12% from December 2016’s low of $1,125. See attached chart. Silver is up from $16.20 to $18.30 during the … Readmore
As January goes, so goes the year, says an old market adage. It usually refers to the stock market, but could also apply to gold and silver the last few years. With the year one month, or 8% completed, gold can’t decide which side of $1200 to settle on, nor … Readmore
