Author: Sirhc

1865 SS Republic Liberty Double Eagle NGC MS65

Sirhc

2 Graded Higher

Ex: S.S. Republic. From a smallish mintage of 351,175 pieces, the 1865 Liberty double eagle was a rare issue in high grade before the recovery of the S.S. Republic in 2003. Fortunately for present-day collectors, that famous shipwreck find yielded 320 examples of this issue, which graded AU50 to MS65. Consequently, Mint State examples can be found in today’s market with a little patience. Still, even today, the NGC population is only 22 (including 1 “Star” designated example) with 2 higher.

Offered at $61,600 delivered

We do business the old fashioned way, we speak with you. Give us a call for price indications and to lock trades.

(800) 257.3253
9:00 AM – 5:00 PM CST M-F
Private, Portable, Divisible Wealth Storage

Price is based on payment via ACH, Bank Wire Transfer or Personal Check.
Major Credit Cards Accepted, add 3.5%
Offer subject to availability.

Gold heading back to 1872 supports as European stocks tumble

Sirhc

Yen and Dollar surges broadly as European stocks tumble sharp on the come back of coronavirus. At the moment, FTSE is down -1.77%> DAX is down -3.25%. CAC is down -3.07%. DOW future is also down nearly -500 pts.

Gold drops back below 1900 handle today, following the rally in Dollar. While it’s essentially still range bound, focus is back on 1872.85 support. Firm break there will suggest that whole corrective pattern from 2075.18 high is extending with another leg through 1848.39 low.

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Gold prices under pressure, failing to find support as U.S. dollar rises

Sirhc

Courtesy of MarketWatch By William Watts

A stronger U.S. dollar helped to push gold futures lower Wednesday, with the precious metal failing to find haven-related demand despite a global equity selloff sparked by a continued rise in COVID-19 cases in Europe and the U.S., analysts said.

December gold GCZ20, -1.77% fell $26, or 1.4%, to $1,886.10 an ounce, while December silver SIZ20, -4.92% was down 70.5 cents, or 2.9%, to $23.86 an ounce.

European equities fell and U.S. stock-index futures pointed to heavy losses for Wall Street as European countries weighed imposing a new round of lockdowns to contain the pandemic and the U.S. saw a continued surge in new cases.

The number of new U.S. cases daily rose back above 70,000 on Tuesday after hitting a record above 80,000 at the end of last week. The U.S. has reported a record 500,000 cases over the past week, the New York Times reported, while the seven-day average of confirmed new cases hit a record of 69,967 on Monday, according to a Wall Street Journal analysis of data from Johns Hopkins University.

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1870-S Liberty Double Eagle PCGS MS62

Sirhc

Few are Finer

The 1870-S Liberty double eagle claims a substantial mintage of 982,000 pieces, but most of the coins were released into circulation, where they were either exported or worn down and melted for recoinage. The average survivor grades no better than VF or XF today, and the issue is a prime condition rarity in grades above MS61. The PCGS popualtion is only 17 with 3 higher. 

Offered at $18,250 delivered

We do business the old fashioned way, we speak with you. Give us a call for price indications and to lock trades.

(800) 257.3253
9:00 AM – 5:00 PM CST M-F
Private, Portable, Divisible Wealth Storage

Price is based on payment via ACH, Bank Wire Transfer or Personal Check.
Major Credit Cards Accepted, add 3.5%
Offer subject to availability.

Silver Price Daily Forecast – Resistance At $24.55 Proved Its Strength

Sirhc

Silver failed to settle above the 50 EMA at $24.55 and is trying to gain downside momentum.

Silver Failed To Gain Upside Momentum Despite Weaker U.S. Dollar

Silver continues to trade below the 50 EMA at $24.55 while the U.S. dollar is losing ground against a broad basket of currencies.

The U.S. Dollar Index failed to settle above the nearest resistance level at 93 but managed to stay above the nearest support level at 92.80. If the U.S. Dollar Index gets below the support at 92.80, it may gain additional downside momentum and provide some support to silver and other precious metals.

Meanwhile, gold is glued to its 50 EMA level just above $1900. This month, gold failed to develop any momentum. Perhaps, traders did not want to make major bets before the U.S. presidential election which may significantly increase volatility in the precious metal space.

Gold/silver ratio continues to test the nearest resistance at its 50 EMA at 78.25. If gold/silver ratio settles above this resistance level, it will gain additional upside momentum and head towards the 80 level which will be bearish for silver.

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