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Mike Ellis out but not down

Mike Ellis resigned Friday, Jan. 9, as a member of the board of governors of the American Numismatic Association. This was announced by President Walter Ostromecki at an ANA town hall meeting held at the Florida United Numismatists convention in Orlando. A special ANA board meeting had convened there Friday morning. Once again it would […]

Gold Price: Bull Run or Bear Trap?

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Legend Numismatics Rare Coin Market Report – BACK FROM THE DEAD

By Laura Sperber – Legend Numismatics ……. This past week was like we took our first big breath of fresh air for 2015. After suffering through a miserable FUN Show (oh did we choke through it), we are relieved things turned around so quickly. We’re also are just now realizing that while wholesale was minimal, […]

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Are Plunging Petrodollar Revenues Behind the Fed’s Projected Rate Hikes?

Why is the Fed threatening to raise interest rates when the economy is still in the doldrums? Is it because they want to avoid further asset-price inflation, prevent the economy from overheating, or is it something else altogether? Take a look at the chart below and you’ll see why the Fed might want to raise […]

Stocks Soar as Gold Breaks $1,260

Gold stocks were on a tear Thursday morning as the yellow metal broke $1,260 following the Swiss National Bank's decision to remove a cap on the Swiss franc. The surprise move, which essentially decouples the currency from the euro, sent the euro and dollar dropping against the Swiss franc, and has boosted demand for gold as a safe haven.