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Golden Roller Coaster Ride
June 12, 2008

This week has been a constant daily roller coaster ride for Gold and Silver spot prices. After a great bull run yesterday, the bear peaked out this morning with both silver and gold dropping to weeklong lows at about $16.40 and $860 respectively.

Crude oil and the dollar are at the center of attention, as investors seem to be reacting to movements daily. Everyone is looking for a trend or direction, with inflation concerns always present as a major backdrop to the drama.

It's not a market for the faint of heart!

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About the Author
Tom Michael has been Krause Publications primary market analyst on more than 80 world and United States coin catalogs produced over the last 20 years. He came to KP in 1987 with a bachelor of arts degree in history, a master of arts degree in economics and a history of coin collecting stretching back to the 1960s. He began collecting world coins as a child by asking friends and relatives to bring coins back from overseas trips, visiting flea markets and having his mother watch for foreign coins in her register at the local grocery store. Today he works with a dedicated base of over 200 contributors to provide accurate market values for the five-volume Standard Catalog of World Coins series, as well as many specialty catalogs, including Coins & Currency of the Middle East and the fifth edition of Unusual World Coins.

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