U.S. Gold Coins Gold American Eagle Coins Gold Buffalo Coins Commemorative Gold Coins High Relief Gold Coins Pre-1933 Gold Coins
Despite the ongoing rally of the USD, gold and silver performed quite well yesterday ending the day with a rally after trading below $1,250.00 and $19.00. However, the rebound has been short lived as the highs seen in Asia on good physical demand at $1,258.00 and $19.12 were not sustained. In early U.S. trading today, gold and silver are back to fighting over price direction at $1,250.00 and $19.00. Keep a close eye on platinum and palladium for the balance of the week as they have dropped sharply, but are now approaching levels where strong physical demand has been seen.
There is growing talk of interest rates in the U.S. rising at a faster pace in 2015, while this would surprise me, bond yields are moving higher which supports the USD rally and pressures commodities. Besides the pressure this has caused on precious metals prices, the crude oil market has reacted just as negatively with prices falling from $106.00 to a near low for 2014 at $92.00 per barrel for W.T.I. The U.S. equity market is showing signs of vulnerability and if investors begin to lock in profits a 5 percent or greater correction in the S & P 500 could go a long way in revising the current trend in our market.
This editorial has been prepared by Roy Friedman of Dillon Gage Metals. This document is for information and thought-provoking purposes only and does not purport to predict or forecast actual results. It is not, and should not be regarded as investment advice or as a recommendation regarding any particular security, commodity or course of action. Opinions expressed herein are current opinions as of the date appearing in this editorial only and are subject to change without notice. Reasonable people may disagree about the opinions expressed herein. In the event any of the assumptions used herein do not prove to be true, results are likely to vary substantially. All investments entail risks. There is no guarantee that investment strategies will achieve the desired results under all market conditions and each investor should evaluate its ability to invest for a long term especially during periods of a market downturn. No part of this editorial may be reproduced in any manner, in whole or in part, without the prior written permission of Dillon Gage Metals. This information is provided with the understanding that with respect to the opinions provided herein, that you will make your own independent decision with respect to any course of action in connection herewith and as to whether such course of action is appropriate or proper based on your own judgment, and that you are capable of understanding and assessing the merits of a course of action. You may not rely on the statements contained herein. Dillon Gage Metals shall not have any liability for any damages of any kind whatsoever relating to this editorial. You should consult your advisors with respect to these areas. By posting this editorial, you acknowledge, understand and accept the foregoing.