Friday, October 24, 2014
This massive 10-Kilo silver coin has been issued for the Chinese Year of the Horse. Its massive and a real conversation piece. You get 321.50 ounces of silver! Only 200 were made, we will accept offers starting at $10,000. Please send an email with offers.
Tuesday, October 7, 2014
Platinum yesterday hit its lowest level in 3 years at $1188 per ounce. The rest of the precious metals group were also discounted to a level where it attracted healthy short covering, profit taking and industrial consumer demand. But the US Dollar party is not over yet and downward pressure remains even after yesterday’s rally. Recent data out of Germany, the factory orders and industrial production, were both much lower than expected creating concern that maybe the ECB may have to do more to bolster the European economy. With that said money fleeing the European equities market will continue to bolster the US dollar but the question remains whether this will add pressure on the precious metals group or is this oversold market ready for a reversal? Could tomorrow’s FOMC minutes report be enough to shock the precious metals market to life or will we the continual drift lower continue? These are the concerns in the precious metals market arena now. Yet a good sign amongst what has been a perpetual gloom was that yesterday’s rally showed that there are bargain hunters waiting on the sidelines for the right opportunity to come in.