U.S. Gold Coins Gold American Eagle Coins Gold Buffalo Coins Commemorative Gold Coins First Spouse Gold Coins High Relief Gold Coins Pre-1933 Gold Coins
Precious metals have begun the week on a quiet note with gold and silver probing lower while platinum and palladium do the opposite, trading above Friday’s settlements. All eyes will be on the FOMC meeting this week which concludes on Wednesday. The subsequent press release is widely expected to confirm the Fed will end QE and will cease the current bond buying program. Any hint of another stimulus program or a delay in curtailing the current program would be a surprise and likely bring a rally to our market. Hawkish comments about interest rates will further support the USD and not be well received by commodity and precious metals traders.
This morning finds U.S. equities continuing on the roller coaster as early indications point to a 75 point decline on the Dow average. The headline though goes to crude oil and energy products which continue their sharp decline this morning as crude oil has fallen below $80.00 and is currently down 1.50 percent from Friday’s close. Keep an eye on the gold / silver ratio which has broken above 70 and is trading at 71.50 this morning. Long term holders of gold may opt for lightening up their gold position in favor of silver which may look “cheap” based on the history of the ratio.
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.