Silver
Let’s Not Forget Silver
By Neland Nobel The last couple of reports have concentrated on gold. Indeed the action on gold has been important. After a severe oversold condition, gold put in a bottom in early April and has advanced through important resistance at $1800. Gold is once again at important overhead resistance near $1900 and is a tad…
Read MoreSilver Kicks Into a Higher Gear
For quite a period of time, silver underperformed gold. The gold to silver ratio, a calculation that basically shows the relative strength of the two metals, continued to soar well outside its historic range to as high as 131:1. We felt this was excessive and as indications started to show hints that this relationship was…
Read MoreWhy Would Anyone Want Junk Silver Coins?
Prior to 1965, the United States minted silver coins to be used as money. They are commonly referred to as “junk” silver or 90%. They are called junk silver because they were used in circulation and have no collector value. A “bag” or $1,000 face has about 715 ounces of silver. Bags can consist of…
Read MoreIs Silver About To Get With The Program?
Silver has been considered money as long as gold but has lagged gold badly of late. Perhaps this is because silver is not a Central Bank Reserve. But it is a precious metal with a functional deficit between supply and demand and remarkably varied industrial uses. Perhaps its lackadaisical performance is because we have not…
Read MoreAs Promised, A Metals Update
Prices are down, product dwindling and premiums higher We are doing our best during this hectic time in our business to keep our customers apprised of what is going on day to day. Our wholesaler has informed us today that the US Mint has shut down sales of gold product as well. Last week, no…
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