Spot prices

Westminster Mint provides free real time price quotes on gold, silver, platinum and palladium. People interested in the precious metals market can follow the prices and see trends develop 24/7 on the world market by using our free current and historic price charts and graphs. Track your holding and measure how you are performing against other commodities and stock market indexes such as the Dow Jones, S&P 500, S&P Euro currency, Crude Oil and the U.S. Dollar. You get access to exactly what you need to know-when you need to know free and in real time.

Monday, July 14, 2014

2014 Tokelau 1/2 oz. Silver Kakahi Yellowfin Tuna Coin

2014 Tokelau 1/2 oz. Silver Kakahi Yellowfin Tuna Coin




http://www.coin-rare.com/2014-tokelau-1-2-oz-silver-kakahi-yellowfin-tuna-coin.aspx

The stunning new Kakahi Yellow Fin Tuna silver bullion coin is the first coin to be released in a new series of silver bullion coins issued by Tokelau to celebrate the rich ocean life of this South Pacific Ocean territory of New Zealand. The coins are legal tender with a face value of NZ$2 and are minted from half an ounce of .999 fine silver. All Tokelau coin designs are sent to the Royal Palace in London for approval of Her Majesty Queen Elizabeth II whose portrait appears on the coins.

Specifications:

Issuing Authority: Tokelau
Authorized Mintage: 250,000
Metal: Silver
Weight: ½  troy oz.
Purity. 999
Face Value: NZ$2

Wednesday, June 25, 2014

Final 1st quarter GDP of -2.9% showed that the US economy contracted much more than previously

Final 1st quarter GDP of -2.9% showed that the US economy contracted much more than previously estimated. Personal consumption of 1% was also much lower than the previously reported 2.4%. The consensus is that the US economy have since bottomed and is recovering at a healthy pace despite lingering employment weakness. May durable goods orders were also lower at -1% vs. estimated 0%. Durable ex transportation was down 0.1% compared to surveyed 0.3% growth. The US economy still looks shaky as the FED is trying to remove the crutches that we’ve been on since the financial crisis of 2008. Gold and silver have been quietly holding onto gains of last week. Platinum and palladium continue in directionless trading as investors and funds are stubbornly reluctant to get of their long positions despite the end of the mining strike and Russian/Ukraine threat.
 

Wednesday, June 18, 2014

FOMC decided at this meeting to continue tapering their bond buying by $10 billion for a 5th straight meeting to $35 billion

Good Afternoon,
 
FOMC decided at this meeting to continue tapering their bond buying by $10 billion for a 5th straight meeting to $35 billion and on pace to end the program this year. The bond purchase will be $20 billion in treasuries and $15 billion in mortgage back securities. Fed left interest rate near zero and cut its GDP outlook from between 2.8%-3% down to 2.1%-2.3%. Fed chair Yellen reiterated that the pace of tapering will depend on future economic and employment data and not set at the $10 billion. The Fed said inflation continues to be lower than the 2% target rate. There is nothing new in the FOMC decision or the Q&A afterwards so the market reaction is muted with gold and silver up slightly and platinum and palladium up on noise coming out of South Africa that the Union leadership are putting in additional demands than what was agreed in the settlement framework. We would maintain our long position in gold and silver and look to sell half the position at around $1290 and $20.05 and sell the other half above $1300 and $20.25 respectively. We would be cautious of platinum and palladium as any more negative news regarding the settlement framework will cause the price to spike in the near term while long term outlook remains bearish, as investors and funds look to liquidate their long positions will cause the prices to fall sharply. Sit back, relax, and watch the stocks move higher would be the conventional wisdom. Have a wonderful evening.

Thursday, May 22, 2014

Yesterday’s FOMC minutes revealed that policymakers will continue to provide assistance

Yesterday’s FOMC minutes revealed that policymakers will continue to provide assistance to the economy and keep interest rates low. Two central bankers are set to leave the Fed this month while three are poised to join before the next policy meeting. With this change, there could be expectations of uncertainty in the market in respect to the Fed’s future actions. Before the Fed decides to raise rates, they will scrutinize the unemployment rate until the desirable figure is achieved. Raising rates will be dependent upon improving economic data as the prevailing view is that inflation will achieve the 2% objective over the next few years. Initial Jobless Claims for the week ending 5/17 are up 28,000 pulling gold prices higher this morning. Gold is underpinning Platinum prices which jumped to a high of 1497.80 this morning for July delivery. Have a wonderful day.

Monday, May 19, 2014

What a way to start Monday morning with the precious metal market trading on the upside this morning.

What a way to start Monday morning with the precious metal market trading on the upside this morning. Gold, Silver, Platinum, and Palladium are trading in the positive territory up .58%, 1.18%, .96%, .70% respectively.  Platinum and Palladium are extending their gains this morning amid supply concerns due to the strike in South Africa. The strike continues in its 16th week and still no resolution in sight. The safe-haven metal is up 7.5% for the year. Have a wonderful day!
 

Thursday, May 15, 2014

Platinum and Palladium prices have eased this morning as investors sold into the highs to reap profits.

Platinum and Palladium prices have eased this morning as investors sold into the highs to reap profits. Platinum closed $29.70 higher yesterday at $1485.70 for July delivery pulling Gold prices higher which closed at 1305.90 for June delivery. The violence in South Africa has intensified with 4 platinum miners killed as they tried to return to work. The AMCU is trying to inhibit other strikers from returning to work via intimidation. More violence means it will take longer for the producers and the AMCU to come to a settlement along with less employees returning to work. April CPI met expectations with a reading of .3%. Initial Jobless Claims for the week ending 5/9 are down 24,000 with a figure of 297,000. CPI (YoY) is in line with forecasts of 2%. Have a great day!

Monday, May 12, 2014

What a nice way to start this beautiful morning with AU, AG, PT, and PD up 1.05%, 2.39%, .86%, and 1.03%.

What a nice way to start this beautiful morning with AU, AG, PT, and PD up 1.05%, 2.39%, .86%, and 1.03%. The instability in Ukraine along with a softer U.S. dollar reversed the selling pressure on gold seen this morning in the Asian markets. Geopolitical tensions have been unable to extend gold’s gains above the $1300 level. The strike continues and at this point job cuts and restructuring at Lonmin are bound to happen as earnings decline. Quiet day this morning with limited news and data. Have a great Monday!!

Friday, May 9, 2014

Yesterday Janet Yellen spoke once again at Capitol Hill to reiterate what she said on Wednesday.

Yesterday Janet Yellen spoke once again at Capitol Hill to reiterate what she said on Wednesday. The markets didn’t move much since Yellen was repeating what everyone already knew. Putin made an announcement to postpone the referendum, however Pro-Moscow separatists ignored the call and declared that they will proceed with a vote on Sunday that could result in chaos! According to ECB President Mario Draghi, the bank will take any action necessary in June to strengthen the economy if inflation objectives are not met. PGM prices continue to be underpinned by the ongoing strike in South Africa. Have a wonderful weekend!
 

Thursday, May 8, 2014

Yesterday, the Fed Chair testified and discussed that there is still a considerable amount of slack...

Yesterday, the Fed Chair testified and discussed that there is still a considerable amount of slack in the labor market, particularly in the housing sector. Yellen believes economic activity will expand, unemployment will decline gradually, and inflation will reach the 2% objective. The rate of long term unemployment has plenty of room for improvement and thus monetary accommodation is still necessary. Once again, Yellen mentioned that rates would have to stay low for a “considerable” time period even when quantitative easing is over. As per Yellen, geopolitics is a prominent economic risk as tensions in Ukraine continue to intensify. We saw a selloff yesterday in the markets when Putin announced he would pull his troops away from the Ukrainian border and delay the referendum. Gold and Silver declined closing on the downside $19.70  at 1288.90 for June delivery and closing .303 cents lower at 19.342 for July delivery. The BOE and ECB have both decided to leave rates unchanged at .50% and .25% respectively. Initial Jobless Claims for the week ending 5/3 dropped 26,000 with a reading of 319,000. This drop was expected with people away for the Easter holiday. Have a great day!

Wednesday, May 7, 2014

Precious metals market is down this morning with AU, AG, PT, and PD trading .32%, .54%, .98%, 1.12% on the downside this morning.

Precious metals market is down this morning with AU, AG, PT, and PD trading .32%, .54%, .98%,  1.12% on the downside this morning. We have seen gold trading sideways amid the political turmoil in Ukraine and the Fed’s decision to taper by another $10B/month. Investors are waiting for Yellen’s comments later this morning at 10:00 a.m. Markets will have their ears open for any indications about when investors should expect to see a raise in rates. Still no resolution between the Platinum producers and the AMCU as the strike continues for the fifteenth week. Have a great day!!