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, January 25, 2016

Silver Maple Leaf Reverse Proof coins w/Yin Yang Privy Mark available for Bullion coin markup



The Royal Canadian Mint has just released a high quality pure silver Reverse Proof coin that is available for a bullion coin premium. This coin  has one of the lowest mintages of any coin in the Maple Leaf series.
 
Four features make this coin attractive to both bullion buyers and collectors: the low price, the high quality Reverse Proof strike, the tiny limited mintage of just 50,000 coins worldwide and the special yin and yang privy mark that appears on the reverse of the coin.
 
Yin and Yang are in Eastern thought the two opposite yet complimentary forces that make up all aspects of life. They represent perfect balance of Light versus, dark versus life, water versus fire etc. The privy mark replaces a mint mark on a coin but it is much larger and much more part of the overall design of the coin. 

http://www.coin-rare.com/2016-silver-maple-leaf-w-yin-yang-privy-mark-reverse-proof-bullion-coin.aspx

Tuesday, January 19, 2016

I know it is in fashion to trash the financial markets.

I know it is in fashion to trash the financial markets. Today I was hearing people talking about a show called Billions. It appears that traders are once again being portrayed as criminals in suits with a great desire for vice. I know that some of these types of characters do exist but the truth of the matter is it is a very small minority.  Luckily this show is on the cable channel Showtime which everyone knows makes its name by pushing the limits of social acceptance. This gives me hope that viewers don’t swallow this hook line and sinker. Sadly no matter how many times they tell people the stories are fictional the fact that they are “based” on real events leads some to understand that this is the norm in the financial markets. The reality though is that fact is stranger than fiction but maybe does not make for good television. So perception is often mislead by misunderstanding. In just the same way the Chinese government stimulus is expected to support their markets after they came out with the slowest annual growth in 25 years. Their market prices started recovering and has led to the impression that things will get better. The US stock markets starting going higher believing that this means some kind of recovery for the US as well. Gold has lost only very little ground on that news because fact do not bare out that this will definitely translate as people want it to.  The Platinum is up the most on the day but still not in a convincing manner. Until real growth becomes apparent we can expect gold to hold its own and the white precious metals to come under pressure for now.

Wednesday, December 16, 2015

It seems that what we have been witnessing is akin to packs of wolves attacking the weak of a herd of Buffalo.

It seems that what we have been witnessing is akin to packs of wolves attacking the weak of a herd of Buffalo. As time passed and the moves to the downside have cleared the way for the strong. Now with a new day dawning, with what is expected this day to be the first Federal Reserve rate hike, the wolves have backed off and the herd is getting stronger. In the pack palladium led the way yesterday on the news of strong European auto sales and platinum today is playing catch up as the market is beginning to realize that the Volkswagen fiasco is more brand focused and not industry wide. Today’s Housing Starts were strong though Capacity Utilization was weak. Mixed numbers that more than likely will not dissuade the Fed from today’s expected action. The herd we call the precious metals group seems to be getting ready to stampede as the wolves/shorts are getting out of the way. After today’s news if it is as expected, it would not surprise me if the herd finds greener pastures ahead.

Tuesday, November 10, 2015

Today’s precious metals complex continues to be under attack as the US dollar continues to strengthen on Fed rate expectations.

Today’s precious metals complex continues to be under attack as the US dollar continues to strengthen on Fed rate expectations. Where will the bottom be? Well, in certain markets this downward price decline is directly the cause of financial crisis. Lonmin one of the world’s largest platinum producers is barely keeping above water. A departure of this miner would cause a squeeze on supply and crisis in employment in South Africa. The belief is that Lonmin will not be allowed to go under but the South African government which are minority partners will feel the pain down the road. Is it really possible to keep kicking that can down the road and there be no repercussions? Not likely. Shorting platinum may look good in the short term environment to fund managers at the moment. In this small illiquid market it can turn on a dime. Often people equate platinum and gold together but in reality this market is tiny in comparison and hence the price moves are often less justified by the market environment than by big money playing the part of a gorilla in a glass house. It looks like we are nearing the end of the recent barrage of attacks and we can expect a bit of recovery before the close today.

Tuesday, November 3, 2015

Trying to find real signs in this market is very difficult.

Trying to find real signs in this market is very difficult. It’s as if trying to find one whistling bird hidden among the trees and bushes. You really have to work hard to isolate the one whistle from the noises surrounding you. The media’s constant prattle does little to give true direction and causes more obfuscation than warranted in most cases. Yet the precious metals on lack of news continues to follow the trend developed since last week’s Fed announcement. Momentum has completely shifted and is targeting the downside. This is the second day in the row the group is in the red and not looking like there is no major support coming out yet. Today’s Factory Orders report was weaker than expected but did little to help the metals. Platinum is likely the one metal that will hold its next support level at 955 and most likely should turn around. For now get your binoculars out to look for any news that may be useful in validating a position, it seems as if it is harder than usual.

Tuesday, October 27, 2015

The truth will set you free is an axiom that speaks volumes.

The truth will set you free is an axiom that speaks volumes. But this morning the truth that seems to be coming out has done little to set gold free of its negative shackles. Today’s Durable Goods Report was significantly lower than expected. Consumer Confidence was also lower and it has been said that Goldman Sachs announced lower expectations on this week’s GDP report due on Thursday. The logic seems to be a global slowdown will mean lower commodity prices instead of weaker US dollar. The market seems to be wishing for lower gold prices though the US dollar is losing some ground. It seems we are in a perplexing situation as the major funds are not convinced they should back the yellow metal yet. All indications are that tomorrow’s Fed Rate decision will be a non-event as they will most likely hold off due to the recent economic reports. Precious metals in general should benefit overall to the upside. However truth in our society does not always come out as perception promulgated by media may have a greater influence in the short term.

Wednesday, October 14, 2015

A beautiful spring like day seems to be bringing in a spring like atmosphere

A beautiful spring like day seems to be bringing in a spring like atmosphere in the precious metals market. But this is not so for the global and US economy. Overnight news on China reported that passenger vehicle sales are the lowest they have been since 2012 for the year. This was followed up in the USA this morning by a deflationary Producer Price Index at -5 % and a weaker than expected Retail Sales of -.3%. Additionally the Business Inventories report shows signs of a stagnant economy at best. In this kind of environment the Fed Interest Rate Hike seems to lose its position as people are beginning to wonder if there is real growth in the US at all. Thought the demand for dollars and equities stays firm interest in hard assets are driving some funds into gold and platinum. The steam however seems to be running out this morning at current levels and it will take some Miracle-Gro to get it going any higher today.

Monday, September 28, 2015

Precious metals are red across the board on little news.

Precious metals are red across the board on little news. It seems that the continuing collapse of the copper prices on the profit decline of Chinese companies is spilling over into these markets. But the real loser in the group continues to be platinum which is baffling this me. The downward pressure on commodities might also be an effect of the snowballing price action is causing Glencore one of the largest base metal trading houses to be succumbing to the negative prices and putting them at significant financial risk. Yet no rate hike yet in sight maintains the gold price well above the $1100 dollar mark for now. With the Pope’s departure from the USA, precious metals markets are praying on getting some of that love he spoke so well about. In the end markets have no care and the money flows to where it sees profit potential. Where that is, is certainly not clear at the moment, as the Stock market is also is losing ground this morning.

Tuesday, September 15, 2015

Gold is holding firm over the 1100 which indicates strength

Gold is holding firm over the 1100 which indicates strength. Additionally today’s Retail Sales report were weaker than expected and though not as material the NY Empire State Manufacturing Index was way off the mark down -14.67.  These reports are continued indicator of less than lackluster performance of the US economy. With the Federal Reserve Interest Rate decision around the corner this Thursday we can expect to be very much locked into current levels with expectation to hold yesterday’s lows. Also this morning we had Industrial Production and Capacity Utilization both which missed expectations. Tomorrow’s Consumer Price Index should give a little more color as to whether we are truly in a deflationary environment. To most people wh live here it doesn’t seem that way. The world remains in turmoil with political conflict in the Mideast and most tragic Syria, China’s economic woes affecting outside customers and the US barely able to lift the rest of the weight. It continues to look unlikely that the current financial situation will change and we will remain status quo. The Federal Reserve is in  a precarious situation which is a problem for everyone. If they do not raise rates then money still waits on the sideline not certain when change will come. If they do it they may hurt the general economy. No one, including everyone at the FED is sure what will happen if they move. But one thing for sure is that the general populace suffers either way.

Thursday, September 10, 2015

Westminster Mint is active in all sectors of the collectible Bank Note market

Bank Notes

Westminster Mint is active in all sectors of the collectible Bank note market including United States Banknotes, World Banknotes, Large & Small Size Currency, Fractional, Obsolete Banknotes, Colonial Currency, silver certificates, gold notes and Errors. Listed here is just a small selection of special offers and promotions.

http://www.coin-rare.com/bank-notes-and-currency.aspx