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.

Wednesday, July 30, 2014

The US dollar is dictating market gyrations in the precious metals at the moment.

The US dollar is dictating market gyrations in the precious metals at the moment. This morning’s very good GDP (gross domestic product) coming in a 4% has strengthened demand for all US Investments. When the announcement came out the precious metals got whacked and went lower but it was short lived as very few people want to be short gold against the current geopolitical backdrop. Does gold have significant downside?  If there is a peace agreement in the Mideast and a solution to the Russia/Ukraine conflict yes, otherwise we can expect buys on any big dips. However the rest of the group Silver, Platinum and Palladium all benefit in fundamental consumer demand on a positive improving global economy. However Japan reported a weaker GDP and Spain also had a weaker than expected figure, the global economy is not out of the woods quite yet. More importantly though will be this afternoon’s Federal Reserve rate decision and policy statement to be released at 2 pm.  Gold has support at 1287/61, silver 20.25/03, platinum 1472/61 with resistance at 1488/91. Palladium has support 875/71 and resistance at 885/88.
 
Next Big US News Day; Friday- Unemployment rate, Non-Farm Payrolls, ISM Manufacturing

Tuesday, July 29, 2014

Gold and silver continued to be well supported by the global political tensions.

Gold and silver continued to be well supported by the global political tensions. There is no doubt it will stay this way for the foreseeable future as there are not any solutions for these conflicts at the moment.  The metals may attempt to the upside but traders will be hesitant ahead of the GDP number, Fed Decision tomorrow and Non-Farm payrolls on Friday. The PGMs are suffering from the same lackluster direction and will stay in range for the same reasons. Today’s US Consumer Confidence number came out 90.9 which is strong and should continue to keep the metals subdued.  Gold will find resistance at 1314 and support 1301, silver will continue to find resistance at 20.80 level. Platinum will find resistance at 1492/95 and support is 1472. Palladium has support at 873 and resistance at 889.

Monday, July 28, 2014

The bears ran out of steam on Friday which forced the shorts to cover driving the price of gold higher.

The bears ran out of steam on Friday which forced the shorts to cover driving the price of gold higher. The inability of the shorts to get the yellow metal to break below 1286 had them turning tail. The ability to go above the 1300 number is psychologically bullish but gold will need more fundamental support to keep it above this price. The rest of the precious metals complex of course has benefitted as well. The PGMs may also be benefitting more so on the news of further sanctions out of Europe on Russia which keeps raising concerns of supply risk into the future. The Net Longs on Pt futures are exceptionally high and could tempt profit takers but the continued growth of the Pt ETFs now at 2.878 mm ounces continues to add support. This afternoons release of the FOMC minutes of the last meetings are certain to be an important focus of the markets in general. Gold has resistance at 1309 and support at 1301, silver resistance 20.80, platinum has support 1472 and resistance 1488/92, Pd has resistance at 888/892.

Friday, July 25, 2014

It appears that the precious metals market has put on the brakes to the downside.

It appears that the precious metals market has put on the brakes to the downside. It may be that the New Home Sales numbers in the US were more than lackluster and surprised many yesterday. But this morning’s US Durable Goods Order report was much better than expected at up +.70% boosting confidence in the US economy and keeping a damper on any possible attempt to the upside for the gold market. Silver, platinum and palladium which have greater industrial consumption may have the ability to gain more to the upside on this data. With the global economy moving in a positive direction and the discounting of the geopolitical crisis, we will likely see on this Friday sideways price action for the complex. Gold has support at 1291 and resistance 1301, silver 20.18 support and resistance 21.08. Platinum has support 1463 and resistance 1483. Palladium has support 865 and resistance 882

Thursday, July 24, 2014

The precious metals prices are off this morning on the lack of any real complications in trade coming to be from the geopolitical crisis.

The precious metals prices are off this morning on the lack of any real complications in trade coming to be from the geopolitical crisis. With the Ukraine/Gaza issues in the minds of the market off the books, the positive economic news out of China, Europe and the US have added enough pressure on gold to drive it below the 1300. China had a very positive HSBC PMI number of 52 which was higher than expected. European economic data has also been positive data and Spain’s Unemployment number is starting to show signs of improvement a relief for the Eurozone. Finally with steady improvement of the US economy the dollar has seen growing strength which has added more pressure on the precious metals complex. Add to this the fact that demand for gold in China is down 19% YoY. This morning New Home Sales in the US  was released at only 406 mm when expectations were 479mm. Palladium which is holding as expected because of the hedging from industrial consumer which expect continued shortfall of supply and fear problems with supply out of Russia.

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!