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Market Movements

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Posted on Jan, 01/30/2009

Gold has cracked through the A$1,400 barrier again this week - I thought we were in record territory again (please see the image below for a visual representation of "record territory"), but after checking some historical price data, it turns out the highest price for gold in Australian dollars was not reached this week, but on...

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Posted on Nov, 11/03/2008

Those with the argument that we're in / have been in a bit of a commodity speculative bubble may have some evidence when they look at some prices being realized on eBay - copper bullion has been selling for well over spot!

Now I know that there are a lot of people out there that are screaming to get their hands on more gold &...

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Posted on Oct, 10/20/2008

Asking a coin dealer what the state of the rare coin market is has to be akin to a wife asking her husband "Does my bum look big in this?" - you know the answer you're going to get even before you ask it.

Having set that gem of colloquial wisdom aside, I've had a keen interest in tracking how the US rare coin market is holding up against all that's going on over there. If we accept for...

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Posted on Aug, 08/22/2008

For those of you that don't follow the precious metal markets, depending on which dates you choose, prices at present are about 15% - 30% down on the highs that they made around March. Although it certainly isn't news at all for markets to go up and down, what surprises me about the current state of the precious metals market is that prices appear to be rather disconnected or unrelated to the...

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Posted on May, 05/21/2008

How I made it onto my flight on Friday night is still a marvel to me - I was standing out the front of my hotel at Darling Harbour at 18 50, when I had to be checked in at Mascot at 1920. Somehow the heavens aligned and even though I had a taxi driver more interested in listening to the greyounds going around at Dapto than staying in one lane and getting me to the airport on time, I got...

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Posted on Mar, 03/08/2008

The silver price in AUD cracked $20 an ounce last week, and has remained above it ever since. What does this mean for collectors? The main thing is that most of the precious metal coins we all take for granted are worth a lot more than they have been in recent times - take a look at this table for the values as at March 8th:

...

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Posted on Feb, 02/01/2008

I have been asked a few times in the last few weeks about where I see the precious metal markets in the coming year. They've had a solid run throughout 2007, and given the fact that we've just had the first month of 2008 pass us, now's a good as time as any to see whether we should all still have an open position or whether we should be selling.

There isn't a lot of free, objective...

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Posted on Jan, 01/16/2008

I got a query from a client the other day asking my thoughts on where I thought the Australian coin and note market may head in 2008. Given the softness in the real estate and equity markets in the past few months, that's a pretty fair question!

I think there's more of a correlation between the property market and ours than the share market and ours, reason being that they are both...

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Posted on Nov, 11/09/2007

You should know that the (seemingly) never-ending refrain regarding the precious metals markets that my former colleagues and I at Monetarium would write about are the subject of some mirth within the dealer community - I have been the subject of such hurtful and insensitive remarks as "you've been writing about it for years for God's sake, the law of probability says you were going to be...

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Posted on Sep, 09/25/2007

This headline probably won't make sense to anyone, apart from those that follow the regular writings of Bill Gross, Chief Investment Officer of PIMCO; the world's largest bond trading company. PIMCO has over US$600 billion in funds under management, while Bill Gross also publishes a...

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