Monday, June 30, 2014
There is a good possibility that there will be a correction in Gold and Silver this week (30th June 2014) in the USA fractional coins and small European coins like sovereigns, German 20 Marks, Dutch 10 Guilders, Suisse 20 Franks, Mexican 10, 5, 2, 1/2 Pesos and 1/10th Krugerrands have all been difficult to buy. Many coins have been shipped to Europe which could indicate what the people believe is in the Euro's future, the lack of these coins shows a strong demand for gold on June 19th. On June 19th Gold had a significant price increase but could not make it above $1326.50 but there is a likely hood of gold falling back to $1295 - $1300 where it would be a good time to buy. If silver should fall back to $20.50 this would be another good price point to buy at.
On June 27th 1893 the New York stock market crashed and by the end of the year 600 banks and 74 railroads had folded, the more things change the more they stay the same.