Hold off on gold price explosion; $2,000 won't come this year, here's why
Kitco News
"Gold’s long-term price target is still $2,000, but that price level will not be seen this year, owing to several technical and fundamental hurdles that need to be breached first, this according to Lejun James Shao, a columnist for Seeking Alpha. In a recent Seeking Alpha article, Shao said that gold needs to continue to rally into $1,800 an ounce before it completes its breakout move."
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More Coin, Metals, and Inflation Articles
Jul 10 - Silver is exploding, is $20 an ounce next? Analysts weigh in Kitco News
Jul 9 - Gold leaps above $1,800 for the first time since 2011 as traders pile into the popular safe haven Business Insider
Jul 9 - Stocks are up, but so is gold — and analysts say the metal’s rally is just getting started CNBC
Jul 8 - Gold tops $1,800 and hits highest level since 2011 CNN
Jul 7 - Silver Price 'Set to Top $20' as Investment Eats Market Surplus, Gold/Silver Ratio Seen Falling Further BullionVault
Jul 7 - Gold futures top $1,800, tap highest intraday level since 2011 MarketWatch
Jul 6 - Gold Price Analysis: XAU/USD buyers can ignore soft weekly open below $1,775 FX Street
Jul 2 - Gold steadies off 8-year high as risk appetite sharpens CNBC
Jun 30 - Gold prices on track for highest finish since 2012 as metals wrap up month, quarter and 2020’s first half MarketWatch
Jun 29 - Gold prices edge up as U.S. pending home sales see a record 44.3% jump in May Kitco News
Jun 26 - Gold heads for third straight loss, but stays on track to notch a gain for the week MarketWatch
Jun 25 - Gold prices spike to highest level in nearly 8 years on coronavirus fears CNN
Jun 24 - Gold prices climb to highest finish since 2012 on softer dollar, trade jitters MarketWatch
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United States Circulating Coin Values
This table does not reflect U.S. Mint production costs, but the pure base metal value that composes the coin. Calculations are based on coin weight, metal composition, and base metal prices. The "Metal % of Face Value" column represents the percentage of metal that comprises the denomination's purchasing power. A coin that is over 100% in this category has more base metal value than purchasing power.
Table based on December 20, 2019 close base metal prices:
Copper $2.7827/lb  0.0023 |
Zinc $1.0533/lb  0.0078 |
Nickel $6.5060/lb 0.0001 |
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United States Circulated Silver Coin Values - Updated Every Minute
These coins were in standard circulation until silver was removed from all coinage in 1965 and 1970 (40% silver half-dollars). I recognize that the silver Eisenhower dollar was issued as a collectible only, but I'm still categorizing it with this group. This table illustrates how far the metal value has progressed compared to the denomination's purchasing power after the debasement.
Table based on July 10, 2020 2:15 PM PDT silver prices:
Silver $18.73/oz 0.05
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