Gold heads for previous high
After several days of amazing steadiness after some temporary weakness, gold has begun to shine again.
After several days of amazing steadiness after some temporary weakness, gold has begun to shine again.
Gold is approaching its previous high point for the year, silver is lagging somewhat and platinum is also stronger. I don’t like to stick my neck out, but my gut is telling me we may be entering a new positive phase.
Just remember there are some pretty powerful entities that do not want that and will try to knock down prices at any opportunity. There is also strong indication that inventories of US type gold are again moving well and prices (i.e. premiums) are increasing again after some sizeable drops right after the first of the year.
The Eagle situation has remained constant in regard to gold, but we are again experiencing delayed deliveries from the Mint on silver eagles. Both proof gold and silver eagles are strong with about a 5% increase in the premium on the gold issues.
Type coins remain very firm and there is increased activity in early Walkers and Mercury dimes, especially in F-12 to AU-50. Flowing Hair is in, both the dollars and their half sisters are showing considerable strength in the higher grades. Their strength has also pulled up the large eagle Bust dollars, which have been somewhat slow moving for over a year.
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