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.

Tuesday, December 6, 2016

Yesterday saw the gold market act like a see-saw. Gold is essentially range bound

Yesterday saw the gold market act like a see-saw. Gold is essentially range bound at the moment but still with a downward tendency. Platinum continues to look good and may finally be trying to make a stride to the upside. There may be some support coming from a possible mining strikes in Zimbabwe, the world’s third largest producer. Meanwhile silver looks poised to test $17 today on nothing other than good demand possibly a higher US trade deficit is driving more interest for some safe haven buying. Yet without any more relevant news to push the commodities we expect that any rallies will be met with fierce selling ahead of the Fed Rate Decision next week.

Monday, October 3, 2016

Platinum is the leader today but not in a good way.

Platinum is the leader today but not in a good way. The National Union of Mineworkers (NUM) signed a 2- year wage agreement with Impala Platinum Limited (Refineries) ending the threat of strike that was hanging around in the background. That news along with slipping auto sales numbers out of the USA put a damper on the prospect of higher prices for this white metals and selling began. AT first it seemed like the whole group was going to falter. Then the very weak Construction Spending data came out -.7% and the previous month revised downward as well which added concern of continued weakness showing in the US economy. This has supported gold and silver tagged along for an albeit small recovery form the day’s lows. The news today was not good for the platinum group metals. But even worse the fact that it hit during Rosh Hashanah while many of our many colleagues are out celebrating has caused extreme moves during this time of lower liquidity. It seems to this observer that todays move just may be a little overdone.

Tuesday, September 27, 2016

Heavy gold selling this morning has spread the contagion into the other metals.

Heavy gold selling this morning has spread the contagion into the other metals. Platinum is suffering the most down over 1.6% with silver right on its tail. Meanwhile palladium is behaving like a rock and not moving at all. Market behavior today is very odd as the bond market is higher indicating a belief of lower interest rates to come and Consumer Confidence is reported higher adding pressure to the group. Meanwhile the Case-Schiller Home Price Index was slightly lower than expected and continues to indicate a weak Real Estate market. The gold chart is still holding in bullish territory which may  be a signal that this may be a better deal than Filene’s basement. The drop seems to be losing its momentum in gold meanwhile platinum and silver look to be on weak legs. Might be a good idea to sit back and wait for the volatility to slow.

Wednesday, September 21, 2016

The Bank of Japan kept its key interest rate at -.1% as expected.

The Bank of Japan kept its key interest rate at -.1% as expected. This leaves the Federal Reserve room if in fact they believe the US economy is strong enough for a rate hike. Recent economic data however would tend to indicate that this afternoon we are unlikely to see any change from the current base. Ahead of the afternoon’s announcement we are seeing steady buying in the precious metals sector. Silver and palladium are making strides to the upside and silver looks like it is getting ready to target its next resistance level to the upside of 20.12 while palladium will need a close above 687 to pave the way back over the 700 level. Platinum is also looking to follow and try to regain a foothold above the 1100 price level. Gold the much more liquid and less volatile of the group will likely continue the party by testing as high as 1367 if it closes above 1334 today. However all this goes out the window if the Fed makes a move at its announcement at 2 PM EST.

Monday, September 19, 2016

The precious metals markets are recovering from Friday’s sell off.

The precious metals markets are recovering from Friday’s sell off. Of the most significant is Palladium which is up over 2.5% and looking very firm though there is no extra-fundamental news . After having hit what a appeared to be a rock bottom price of 650 last week it has turned around and if it closes above 687 today will represent technically a turn around. Gold has been holding above the 100 day moving average of 1306 and may target 1324 in the near future. Of course the market is still waiting for the Fed’s rate decision this Wednesday. But of almost equal importance will be the Bank of Japan’s announcement on Tuesday evening 11PM EST. If BOJ were to lower it may be another signal that the Fed may not be able to move anytime soon.

Monday, August 15, 2016

BULLION COINS VS. COLLECTIBLE COINS

BULLION COINS VS. COLLECTIBLE COINS
 
A bullion coin is a miniature store of wealth whose value is determined by the current price of its precious metals content. A collectible coin is a coin that has additional perceived features above its precious metals content that escapes the notice of others such as: a rare date, mint mark, condition, pedigree or something else that distinguishes it in the mind of the buyer as having extra value. This perceived extra value is known as its numismatic value. While the bullion value of a coin is limited to a small transactional charge above or below the current price of its precious metals content, the numismatic value of a coin is limitless.
 
A good example of limitless numismatic value is the 1933 $20 Saint-Gaudens double eagle which, is one of the rarest coins in the world. The coin sold at auction in 2002 for $7.5 million.
The bullion melt value, also known as the intrinsic value is $1,280.84!

Tuesday, August 9, 2016

2016 1 oz Silver Britannia

2016 1 oz Silver Britannia

http://www.coin-rare.com/2016-1-oz-silver-britannia.aspx


The legendary figure of Britannia has symbolized Britain’s strength and integrity on coinage since Roman times. Historically the coin was minted from .958 fine silver, purer than the .925 sterling silver standard for most British coins. Beginning in 2013 the coin is now struck to the same .999 fineness of American silver eagles. Her Majesty Queen Elizabeth II is displayed on the obverse along with the monetary denomination.

Specifications

Date: 2016
Metal: Silver
Weight: 1 troy oz.
Purity: .999
Diameter: 38.61 mm
Thickness: 3 mm
Condition: Unc.

Tuesday, July 5, 2016

Brexit and Stimulus remains in the forefront of investor’s minds.

Brexit and Stimulus remains in the forefront of investor’s minds. This pushed silver to trade above $21 Sunday the first time since 2014. It has since retreated to as low as 19.70 this morning. Gold has been more reasonable and is trading at 1346 not far from its recent highs of 1353. There is no doubt that the weakness of the British Pound contributed significantly. Short term, because of market sentiment against Brexit this should keep the pound weak but I have faith in the UK and believe this is a short term opportunity. Of course economic stimulus is a boom for commodities, platinum and palladium have followed as well with good fundamentals supporting their cause. For today look for downward pressure though I remain bullish for the days ahead.

Wednesday, April 20, 2016

As the market is learning the global economy is nothing to brag about and this has continued to bolster the precious metals complex.

As the market is learning the global economy is nothing to brag about and this has continued to bolster the precious metals complex. Silver is trading at the highs of May of 2015 and platinum is at the highs of October 2015. Gold which is typically the leader has not even gotten to recent highs of this January. Technically speaking gold should be heading up to the 1308 level.  So look out ahead, this complex has gotten very bullish and is poised to at the least hold recent gains and most likely to try higher. Mario Draghi will be speaking today about the ECB’s  next moves and this should be the biggest influencer of today’s pricing. Existing Home Sales reports were slightly better than expected but this report is not a major indicator. The e days ahead should be interesting as more and more investors seem to be looking at jumping back in the hard assets band wagon.

Tuesday, April 19, 2016

It seems the continued barrage of tepid financial news...

It seems the continued barrage of tepid financial news with what looks like no possibility of further rate hikes form the Federal Reserve anytime soon has given the hard assets a boost. Both Building Permits and Housing Start were dismal indicators with the previous months being revised downward as well. Gold is certainly a leader but silver has made the largest move to the upside and is currently trading around 17. Platinum also has taken a jump as if on a trampoline and is well above the psychological 1000 mark. I would not be surprised to see attempts to test to the downside but it sure appears that a firm bull market has developed and barring any unforeseen positive economic news we should hold these levels and try higher this week.