Coin Info News
Gold Needs RSI Breakout
Posted: 2013-05-17 20:31:28Morris Hubbartt Euro H&S Top Chart If the euro breaks below the 127 area, the door is open for a retest of the lows. When the euro rallies, so does gold. Note the head & shoulders top pattern on the chart. The target is about 119, which is not great news for gold investors. The public has been very bullish on the dollar, which could help to void the top pattern on the euro, but investors need to be cautious right now. Gold Sink Hole Chart The gold market feels like a market under attack. What should have been a "speed bump" has turned into a gigantic sink hole. I am watching two indicators for signs of a bottom. First, ... read more
Dealer Alert - Fake Silver Bars
Posted: 2013-05-17 13:16:21Minnesota - Wisconsin - Michigan area Fake 1 oz. Silver Bars in hard plastic. 25ish young white male passing these. Possible name Jake.L Nelson Brands: Silvertown, Sunshine, J.M, Northwest, Palasade. After cutting into Bars they are silver plated over copper. Some are right weight. Some are 4-6 grams light. One dealer took several hundred till he found out. Duluth police case# 13089843 Det. Shauna Green 218-730-5623 If you come across any please contact the info above. Thanks for any possible help. Craig Dickison ... read more
Gold and Silver Daily Market Update 05-17-13
Posted: 2013-05-17 13:10:11Source: MintStateGold.com By Barry Stuppler GOLD On Friday Gold fell for a seventh straight day, its longest losing streak in four years, as speculation that the Federal Reserve may soon rein in monetary easing lifted the value of the U.S. dollar versus other major currencies. The dollar rose, hitting a near three-year high against a currency basket, helped by comments from San Francisco Fed chief John Williams on Thursday the bank could begin easing up on stimulus this summer. Today Gold was on the defensive from the start in Asia, the continued drop in the ETF stockpiles is a constant negative. However, the extraordinary global physical demand easily offsets the drop in ETF holdings, but the ETF (paper Gold) holdings drop is getting all the press. At 11am PDT today, ... read more
Silver COT - The Day the Numbers Lied
Posted: 2013-05-17 09:47:18Source: SilverSeek - May 17, 2013 Prices ended down slightly once again for both silver and goldlast week. There was no great change noted in the COT reports for either precious metal, and the monthly Bank Participation Report was a non-event for silver. This is once again leaving many observers scratching their heads about the suddenly questionable reliability of these numbers. They seem to provide especially important information because they represent the last window of insight into what the elephants are doing in these commodity markets. It is not exactly rocket science when it comes to interpreting the data in those reports. Part of the belief that there must be more complexity to these numbers comes from some very loud voices entrenched in the "denial of suppression” camp. Nevertheless, the ... read more
Quote of the Week
Posted: 2013-05-17 07:27:33"I wish there was a way to know you were in the good old days before you've actually left them" Andy Bernard, The Office ... read more
Gold and Silver Daily Market Update 05-16-13
Posted: 2013-05-16 13:15:26Source: MintSateGold.com By Barry Stuppler GOLD Early this morning in Asian/European trading Gold tested and held above the $1,370 per ounce level on heavy volume. Gold is still on the defensive, but we are seeing sizeable demand at these attractive levels. At 11am PDT Gold is trading at $1,387, down $11.20 per ounce on heavy volume. World Gold Council first quarter 2013 in Gold demand summary The World Gold Council just released the extraordinary 1st 2013 quarter Gold demand numbers. Consumers power Gold jewelry demand, up 12% in Q1 2013 Q4 2012 recovery in the jewelry sector continued into the first quarter of this year. Global jewelry demand of 551 tonnes, a record of US$28.9bn, surpasses the previous quarter’s record. Q1 2013 Gold investment: ETFs down 177 tonnes, bars & coins physical demand up ... read more
When Gold Falls Out of Favor, Look Out Below
Posted: 2013-05-16 10:35:19Source: WallStreetMoneyBeat - May 16, 2013 By Matt Day People buy copper or gasoline when they need to make pipe fixtures or drive a car. People buy gold because they want it. As the gold market is finding out, when investors don’t want it, look out below. Futures are down for the sixth session in a row, erasing almost all of gold’s post-April-crash rebound as investors sell on the view that there are better spots to stash cash these days. Psychology is hugely important in the gold market. Sure, some investors buy gold as a sort of financial doomsday insurance policy, and jewelry is a big source of demand. But as gold pushed to record highs in recent years, the market became dependent on buying from money managers who got ... read more
Gold Demand In One Chart: Physical vs ETF
Posted: 2013-05-16 09:42:32Source: ZeroHedge - May 16, 2013 China's demand for gold jumped 20% to 294 tonnes in the first quarter of 2013, while global gold demand overall slid 13% thanks to the dramatic rotation of demand from paper to physical. Chinese demand in gold bars and coins grew to 109.5 tonnes - more than double the five-year quarterly average of 43.8 tonnes. Central banks added 109.2 tonnes of gold to their reserves in Q1 2013, the ninth consecutive quarter of net purchases. But it was the Q1 ETF outflows of 176.9 tonnes, equating to a 7% decline in total gold ETF holdings that obscured the strong rise in investment for gold bars and coins at the retail level. In the face of the huge 'paper' gold ETF outflows, ... read more
Silver: 3 Reasons The Little Brother Has Massive Potential
Posted: 2013-05-16 09:35:14Source: ETFDailyNews - May 16, 2013 When we think of gold, we think of the solid, safe-haven, value-holding, inflation-hedging, shiny, yellow metal that lets us sleep at night knowing the governments of the world cannot print it out of existence. Gold is the big cheese in the precious-metals investing community. There’s no doubt that gold should be a part of everyone’s investment portfolio, but it’s important not to forget gold’s little brother: silver. Silver holds all of the same characteristics that make gold a great monetary metal. Silver is durable, malleable, easily recognizable, portable, divisible, and uniform (one silver coin is basically the same as the next). It is also scarce enough to make it valuable for smaller transactions. Most important of all, as with gold, no amount ... read more
