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 Tuesday, August 12, 2008
Downward Trend Continues For Gold
Posted by tom
 Precious Metals Slide Further
The precious metals slide continued this morning with Gold slipping below the $820 mark and all the rest following suit. Little purks of buying are making for choppy waters however, so we may see minor support at this level.
Platinum sits at $1465 and palladium $315 as of this posting. Sillver has steadied at a little over $14.65.
Crude oil has caught some buyer interest and is experiencing some up-swing. At present crude has climbed to about $115.50.
News You Can Use
8/12/2008 10:02:14 AM (Eastern Daylight Time, UTC-04:00) 
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Monday, August 11, 2008
Gold Falls Below $825
Posted by tom
Gold Dive Continues Below $825
Precious metals continued their nose-dive today with gold falling below $825, silver dropping to $14.65, platinum slipping to about $1525 and Palladium hovering at about $320 at the time of this posting.
A surging dollar and falling crude oil round out the rest of the picture. Crude oil has dropped to about $114.50 as of this posting, with the U.S. dollar at about $1.50 to the Euro this afternoon.
News You Can Use
8/11/2008 5:58:32 PM (Eastern Daylight Time, UTC-04:00)
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Sunday, August 10, 2008
17th Century Revision Work Continues
Posted by tom
 1601-1700 Revisions Continue
Looks like a very busy week ahead for me and my co-workers as we continue our mighty revision of the 1601-1700 coinage for a new 4th edition of the 17th Century Standard Catalog of World Coins. I have been working through this weekend and several of my co-workers have given up their free time over the last few weeks in an effort to complete all the desired changes to our database in time for the new catalog to be available in the market by November of this year.
I have been finding lots of interesting coins as I scan through auctions in search of pertinent information. Some very tough German States issues have been offered here and there over the last eight years.
In the September 5, 2006 UBS Auction 65, I noticed an extremely scarce 60 Kreuzer, or Gulden, of Pfalz-Simmern from 1661. This example realized about $4,600 in VF condition, with a planchet flaw. Someone who knew more than most was willing to pay a very good price to add this scarce example to their collection.
But this is just one example among countless price changes we have been entering over the last few months. With all these dramatic revisions, I am anticipating that this may be one of the best catalogs I have ever had the pleasure of editing.
KP Update
8/10/2008 5:07:26 PM (Eastern Daylight Time, UTC-04:00)
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Hobo Euro Juan Carlos to Homer Simpson
Posted by tom
Spanish Simpson Hobo Euro Coin
A Spanish sweet shop owner from Aviles discovered a nicely crafted Hobo Nickel style reworked Spanish Euro coin in the till recently while counting through the change. The artist altered King Juan Carlos from the obverse of a 2001 KM1046 Euro coin into Homer Simpson, leaving the rest of the obverse and reverse alone and as struck.
 This is the first such alteration I have seen on a circulating Euro coin. A fun extension of the Hobo Nickel tradition and one which has caught some bloggers attention. Several blog postings at other sites are centering in on other restyling ideas for their own coinage, including some creative notions for U.S. coinage.
The shop owner and discoverer of the reworked Euro, Jose Martinez, has been offered 20 Euro for the coin. I guess that would be our base value, but I am sure Martinez could do better offering the coin on eBay, where the Hobo Nickel Society folks would be able to participate in a bidders battle, even though the artists execution leaves a bit to be desired on closer examination.
News You Can Use
8/10/2008 12:54:23 PM (Eastern Daylight Time, UTC-04:00)
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Friday, August 08, 2008
Friday Fix
Posted by tom
 Friday Fix
London pm fixes for 8-8-08
Gold $852.50
Silver $15.76
Platinum $1552.00
Palladium $345.00
Friday Fix
8/8/2008 10:26:47 AM (Eastern Daylight Time, UTC-04:00)
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Gold Support Short Lived - Drops to $850
Posted by tom
Gold Experiences Freefall to $850 Level
Morning trading has shown us that Gold's light support at the $875 level has given way with spot gold dropping down to the $850 level. Silver is down to about $15.40, palladium is sitting around $330 and Platinum is trading at about $1540.
Looks like a vicious ending to a very tough week for bullion investors. Check The Bullion Desk for current updates.
News You Can Use
8/8/2008 10:00:37 AM (Eastern Daylight Time, UTC-04:00)
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Thursday, August 07, 2008
Gold Slide Continues
Posted by tom
Gold Slips Down Below $875
In trading this morning gold has slipped down a bit further to $871, with silver falling to $16.25. But it was short lived, as buyers came in and drove prices back up to $875 for gold and near $16.45 for silver.
Perhaps we have met the floor of support for our favorite numismatic precious metals?
News You Can Use
8/7/2008 10:45:38 AM (Eastern Daylight Time, UTC-04:00)
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Rendition
Posted by tom
 Tom's Recommended Film of the Week
Rendition
I really enjoy a good bit of suspense and action in a film. I also like the interweaving of stories that has become so popular of late. But I don't like films that tell you what to think, or preach to the viewer. I like for a film to bring up questions and allow the viewers to struggle with drawing concusions for themselves.
For the above stated reasons I cannot heartily recommend Lions for Lambs, even though it was a brisk, fast moving drama, it was too iron clad in its point of view for my liking. Lions for Lambs was an enjoyable film, but Rendition is oh so much better.
The is great suspense in Rendition, but mostly experienced through the characters, while the viewer pretty much knows where all of this is going. Never-the-less, Rendition is so well crafted and acted with such emotion and conviction that the viewer is compeled to watch as the story unfolds for better or worse.
Great performances are turned in by Jake Gyllenhaal, Alan Arkin, Meryl Streep, Reese Witherspoon , Omar Metwally, Rosie Malek-Yonan, Yigal Naor, J.K. Simmons and Peter Sarsgaard. The film leaves a bit of room for debate on the behind closed doors story it airs, even though the slant is moraly clear. The eternal question of sinking to ones own enemies level and what that does to the soul of a person or a country is well worth bringing up again and again in a free society.
Rendition does this with compassion for several sides of the arguement. It's an entertaining two hours, which should provide the thoughtful viewer with a multitude of perspectives to ponder.
Tom's Recommended Film of the Week
8/7/2008 9:31:01 AM (Eastern Daylight Time, UTC-04:00)
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Tuesday, August 05, 2008
Gold Silde Hits $875
Posted by tom
 Gold Down to $875
Gold has hit $875 this afternoon, as it continues it's summer slip 'n" slide ride. Silver is down to $16.45, palladium is at $348 and Paltinum has hovering at $1570.
Tomorrow will bring the Fed meeting, but it is unlikely that they will take any interest rate action. Never-the-less, some potential gold buyers may be holding off, just in case. I also noticed this morning that crude oil was down to $120.90 a barrel. It's decline surely has had an effect on investors interest in gold, just as it has lightened the economic pressures on the dollar. This afternoon crude has seemed to join gold on the slip 'n' slide with a decline to $118.70 as of this posting.
News You Can Use
8/5/2008 3:34:57 PM (Eastern Daylight Time, UTC-04:00)
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Gold Plummets
Posted by tom
Gold in a Downslide Plummet
 Since gold passed below that $900 saftey ledge on Monday, we have been experiencing a swift plummet which has brought spot down to about $880 as of this posting. With all the cautionary postings regarding commodities that have cropped up thes last few weeks, I am not at all sure where the next support level may materialize. At any rate, I am pretty certain one will develope, as there are always buyers waiting in the wings with that special bargain buy price in mind.
In the meantime, gold is streched pretty thin, but as the week unfolds we should see a stopping point, with buyers coming back and averaging in on their holdings to reduce their base price. As always, the question is at what price level will this occur?
Along for the slide with gold are silver, presently at $16.60, Palladium, down to $352 and a worrysome Platinum, once king, now crashing down to about $1580 as of this posting.
News You Can Use
8/5/2008 1:17:54 PM (Eastern Daylight Time, UTC-04:00)
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Monday, August 04, 2008
Gold Again Slips Below $900
Posted by tom
Gold Slips Below $900 Again
Once again the Monday morning blues have hit precious metals, driving gold down below $900 and silver back down to $17. A present spot gold is trading at $897.
Last Monday the same cycle occured and we spent the rest of the week watching gold build back up to about $920 by weeks end. Now we'll see what this week has to offer.
The annual American Numismatic Association convention was held last week in Baltimre and from early reports it seems to have been a successful show. From the world coin end of the market I heard nothing but good talk and excited outlooks. Seems that most dealers are seeing good potential for continued increases in value for most classic world coins. Every time period from Medieval to modern issue has a following and each are experiencing healthy demand.
News You Can Use
8/4/2008 11:57:52 AM (Eastern Daylight Time, UTC-04:00)
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Friday, August 01, 2008
Friday Fix
Posted by tom
 Friday Fix
London pm fixes for 8-1-08
Gold $912.50
Silver $17.59
Platinum $1,675.00
Palladium $367.00
Friday Fix
8/1/2008 10:54:28 AM (Eastern Daylight Time, UTC-04:00)
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