Type Coin Market Remains Steady|
October 01, 2013
The Federal Reserve is concerned about suspiciously heavy trading of gold futures that may have been triggered by a premature release of market-sensitive information following its meeting last week, according to the Associated Press.
It said it will be conducting follow-up conversations with news organizations to ensure that embargoed information they receive is withheld until the time set for release. that news Isn’t it interesting that the assumption is that the news organizations are responsible and not the major bullion traders who are the big bullion banks?
Another news item courtesy of Bloomberg was; “There is not a viable basis to bring an enforcement action with respect to any firm or its employees related to our investigation of silver markets,” the U.S. Commodity Futures Trading Commission said.
This week gold is down 2.4 percent, silver down 4.5 percent and platinum 3 percent. Silver and platinum seem to be sensing deflation, while gold is somewhat influenced by talks in Washington over the budget and debt limit.
The type coin market is very steady with only two non-gold movements, both in G4, for Trade dollars and Shield nickels, which are actually hard to find in those grades undamaged. In gold type coins there is some good positive movement in Mint State issues, while premiums have declined in the more common circulated ones.
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