Gold Again Slips Below $900
August 05, 2008
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.
Something to add? Notice an error? Comment on this blog.
About the Author