Source: By Sunshine Profits (Arkadiusz Sieron) Business activity declined sharply in December. It signals an upcoming recession – a time that suits gold particularly well. The economic downturn is gathering pace. The flash US PMI Composite Output Index came at 44.6 in December, down from 46.4 in November. It was the sharpest decline in business activity since May 2020, excluding the…
This issue is one of the rarest New Orleans twenties. After the first four emissions of double eagles from the New Orleans Mint (in 1850, 1851, 1852, and 1853), there were considerably fewer coins made in 1854, producing a major rarity in the Liberty double eagle series. Only 70 to 80 pieces are believed to be extant today…
Gold bullion deposits were always small at the New Orleans Mint after the San Francisco Mint opened in 1854. As a result, mintages of double eagles were modest in later years and only 6,600 Liberty twenties were struck at the famous Southern facility in 1860. There was little numismatic interest in branch mint issues in…
Source: By Bart Melek, Global Head of Commodity Strategy, TD Securities After over a decade scraping the bottom, 12-month gold lease rates have moved distinctively higher to trend above 50 bps, as US monetary policy started to tighten aggressively. With the Fed continuing to take rates higher in the face of sky-high inflation, real interest…
Source: | 12/19/2022 4:39:21 AM GMT | By Anil Panchal Silver price fades bounce off 10-DMA, grinds lower of late. 61.8% Fibonacci retracement level, impending bear cross on MACD favor sellers. Six-week-old ascending trend line acts as the key support. Silver price (XAG/USD) fade the previous day’s recovery to around $23.25 during early Monday. In doing so, the…
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