Commodity Trade Mantra

Posts Tagged ‘American Eagle Gold Coins’

Looking Ahead, the Gold and Silver Rally Appears to have Legs

Gold and silver are going insane right now, thanks in large part to the weaker U.S. dollar. Year-to-date, palladium is up 7%, platinum 19%, gold 21% and silver 25%. A correction at this point would be healthy, but looking ahead, this rally appears to have legs. It’s clear that sentiment in precious metals has shifted dramatically, giving the group’s new-found momentum.

US Mint Sells Nearly As Much Gold On First Day Of 2016 As All Of January 2015

First-day sales of American Eagle gold bullion coins was unprecedented, with the 60,000 ounces sold equal to roughly 75% of the 81,000 that sold in the entire month of January 2015. Silver coin sales jumped after the US Mint said it set the first weekly allocation of 2016 at 4 million ounces, roughly 4 times the amount rationed in the last 5 months of 2015, after a surge in demand.

India Issues Its First Sovereign Gold Coin… to Curb Gold Imports

It’s estimated that less than 10% of all Indian gold demand is in bars & coins. That might change this month as the India Government Mint will issue its first-ever sovereign gold coin, just in time for the fall festival season, which kicks off Nov 11. The gold coin will reportedly feature the Ashoka Chakra, the traditional 24-spoked symbol that appears on India’s national flag.

Gold Glimmers as Global Market Fear Grips Investors

When a currency loses value and falls out of favor, gold has tended to benefit as investors seek real assets. Gold prices have then been able to soar, just as we saw in the months following the financial crisis, eventually reaching an all-time high of $1,921 per ounce in September 2011. Gold is again glimmering with safe haven appeal & the Fear Trade, it seems, is in full force.

Paper Gold Market Seem Completely Disconnected From Physical Gold Market: Why?

The paper gold market is telling one story. But the actual physical bullion market is telling quite another. It’s not clear exactly who is suppressing precious metals or why, but it is quite apparent that prices on paper exchanges are completely disconnected from reality, as retail buyers are taking this opportunity to scoop up gold and silver at prices that are 50% or more off their highs.

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