2015 $125 ½ kilo Whooping Crane NGC PR70 - FDI

2015 $125 ½ kilo Whooping Crane NGC PR70 - FDI

2015 $125 ½ kilo Whooping Crane NGC PR70 - FDI
 
Only 500 of these stunning pure silver ½ kilo coin have been minted

This Whooping crane is depicted on the first coin released in a new 3- coin series by the Royal Canadian Mint highlighting Canada’s rich biodiversity and natural heritage. The large surface of the coin that measures 85 mm in diameter allows you to see all of the fine detail in the design. We are offering the coin in perfect PR70 condition certified by NGC. These coins also have the special First Day of Issue label.

Specifications

Date: 2015
Denomination: $125
Metal: Silver
Weight: Half – kilo – 16.075 oz.
Purity: .9999
Mintage: 500
Condition: PR70
Service: NGC First day of Issue

This morning in the New York precious metals market we saw inordinate price moves

This morning in the New York precious metals market we saw inordinate price moves. At the time of the Unemployment data which was not great and only close to expectations there was a sell off on the gold market. Most likely big funds seeing the weakness in the thin summer markets took the opportunity to test downward. There was a quick flush out that lasted for about 30 minutes. Without any more success to the downside it was obvious we saw position covering and the market went back to where we started. It seems like maybe they also took the time to read the actual report by the Bureau of Labor and Statistics. The report tells us that the unemployment rate for teenagers was down 16.2% while that of adults declined only 4.8%. Sure kids need jobs but it seems like adults with families probably could use the income more. Hopefully these teenagers are helping at home. Average hours worked remain at 34.60 hours and Labor Force Participation at 62.6% both which are not positive signals for a strong economy. Silver is trying to go back above $15 this morning on what may be the sense that many have gotten that fundamental demand, which is high, does matter and it should disconnect from the more prominent gold price. But for the rest of the complex you can expect the markets to stay near current prices as the traders in the USA prepare for a summer weekend.

Holy Cimoli! The market is so dead that HBO might start a new show to compete against AMC

Holy Cimoli! The market is so dead that HBO might start a new show to compete against AMC’s The Walking Dead except it will be base around people working in the precious metals market. That being said there was some news this morning which par for the course had little to no effect. The ISM Manufacturing Index came out lower than expected and Construction Spending was also weaker. But what does this have to do with precious metals? It seems very little. With what looks like deflationary signals such as the ISM Prices Paid which came in lower as well, precious metal no longer look like an interesting vehicle for dollar denominated investors. In this lazy summer atmosphere look for less than stellar volumes and dampened volatility.