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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, January 4, 2017

Happy New Year it is for the long palladium traders. It’s up another $30 today and seems unstoppable.

Happy New Year it is for the long palladium traders. It’s up another $30 today and seems unstoppable. But truth be told the short selling that brought down the price was much heavier in volume than the light buying that is buoying the price now. This may be a sign that longs established at current levels may be at risk of failure. Gold is nowhere in comparison to palladium but it is still in bullish territory and looks to have more upside potential. The weakness of the European economy and the much favored US dollar will continue to hold gold to the upside. Today’s Federal Open Market Committee Minutes are probably the least important we have seen in the last six months. With 3 Fed presidents leaving and being replaced by what are considered more dovish persons, the questions will be, how often will they raise rates and what they may intimate about the possible Trump Presidency future influence on the economy. No surprise are expected so current upward trends are likely to prevail in the precious metals group.

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