Silver’s comeback from weekly lows loses steam. Is it a dead cat bounce amid dollar retreat? $26.50 barrier is a tough nut to crack for the XAG bulls. Silver (XAU/USD) witnessed good two-way businesses so far this Wednesday, as volatility continues to play out amid fast-moving markets and dollar dynamics. The white metal, initially, extended Tuesday’s tumble from near…
Mint $2.50 Rarity The New Orleans Mint struck only 21,100 examples of the 1856-O quarter eagle, a denomination that was unloved and neglected in favor of the half eagle and (after 1849) the double eagle throughout much of its history. San Francisco, in only its third year of operation, also struck 1856-S quarter eagles for…
US REAL YIELDS A KEY DRIVER FOR GOLD Yesterday saw the precious metals complex come under significant selling pressure with the gold price dropping 5.7%, the largest fall since April 2013, while silver crashed 14.95%, marking its biggest plunge since October 2008. While arguably precious metals were in need of a correction given their sizeable…
An Eight-Sided Offering Augustus Humbert was U.S. Assayer in San Francisco and operated his firm under Moffat & Co. as the provisional mint years before the San Francisco mint officially opened. There are two variants of the 1851 887 Thous. reeded edge fifties, differing in the placement of the outer concentric circle on the reverse…
Courtesy of Market Watch By Andrea Riquier Exchange-traded funds that track precious metals and miners slumped Tuesday in premarket trade, on track for their biggest daily decline since March, suggesting that a long run-up might be on track to reverse course. The SPDR Gold Shares ETF GLD, 0.94% was down 3.2%, while the VanEck Vectors Gold Miners ETF GDX, 2.11% lost…
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