silver spot
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Gorham Silver Original Bread Candy Dish $4.99 |
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Gorham Strasbourg Dresser Vanity Set STERLING 5 pieces 1897 $599.99 |
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Gorham Wishbone Sterling Sugar Tongs $65.00 |
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Imperial Gorham Sterling Silver Cheese Scoop $155.00 |
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Gorham Sterling Silver Chantilly Gravy Ladle $70.00 |
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Gorham Sterling Silver Serving Fork $85.00 |
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Gorham Sterling Silver Serving Spoon 1895 Chantilly Pattern $75.00 |
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1914 Gorham CHANTILLY Catalog 140+Pieces (photocopy) $15.99 |
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1906 Gorham Catalog LANCASTER, VERSAILLES, VIRGINIANA (photocopy) $6.99 |
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1895 Gorham CHANTILLY Catalog 105+Pieces (photocopy) $13.99 |
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Rondo By Gorham Sterl Pierced Serving Spoon $110.00 |
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ANDANTE – GORHAM STERLING PIERCED TABLE SPOON $109.99 |
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Gorham Sterling Melrose 4 Piece Setting $199.00 |
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ANTIQUE GORHAM STERLING STRASBOURG Sugar Spoon – 4″ – Rare, 19th Century $59.95 |
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Gorham Sterling Muddler “Marguerite”, 1901; 8 3/8″ $89.99 |
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1909 GORHAM SOLID STERLING ‘HAMILTON’ ETCHED SUGAR TONGS 22.8g $46.95 |
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Vintage Pair of Gorham Sterling Forks 88+ Grams Combined Weight! $129.00 |
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GORHAM CAMELLIA STERLING SILVER LUNCHEON FLATWARE 64 PIECE BOX SET $3,585.00 |
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Vintage (Antique) Sterling Olive Spoon / Mixer – Black, Starr and Gorham $89.99 |
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Gorham Sterling Silver “Newport Scroll” Flatware – SUGAR SPOON $60.00 |
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Gorham sterling silver Top Lay Down Perfume Bottle $165.00 |
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2 Pc. Gorham H314 + H315 all sterling silver Medallion Hammered Youth Set $145.00 |
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Eva 1870 by Gorham All Sterling silver Tea Breakfast or Youth Knife $49.00 |
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Gorham LA SCALA (STERLING) Steak Knife 7586214 $74.95 |
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Gorham LYRIC Lemon Fork 180723 $30.99 |
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Gorham RONDO Sterling Dessert Oval Soup Spoon 1151103 $107.95 |
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GORHAM SILVER STRASBOURG MASSIVE HANDLED WAITER / TEA SERVICE SERVING TRAY $795.00 |
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8pc GORHAM PLYMOUTH STERLING SILVER TEA SET & TRAY $9,750.00 |
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TWO early 20th c. Gorham sterling small pierced baskets $39.99 |
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Gorham Silver LILY (STERLING,1991) Gravy Ladle 2209522 $229.95 |
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Gorham Sterling Silver Blue Point Aesthetic Salt Spoon Clam Shell Branch Seaweed $75.00 |
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Lancaster Rose Gorham Sterling Silver Pickle Fork Long Handle $55.00 |
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Cambridge Gorham Sterling Silver Pickle Fork Long Handle Gold Wash $55.00 |
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Gorham King George Antique Sterling Silver Victorian Tea Plate Holder $100.00 |
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Gorham No 2 Sterling Silver Cocktail Seafood Oyster Fork Figural Harlequin set 5 $150.00 |
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Gorham Strasbourg Sterling Silver Sugar Spoon $40.00 |
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Gorham Edgemont Gold 4 piece place setting flatware $175.00 |
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Buttercup by Gorham Sterling Pierced Serving Spoon $115.00 |
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Gorham Chantilly flatware 4 piece place setting $165.00 |
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GORHAM STERLING GREENBRIER CREAM SOUP SPOON NO MONO $67.99 |
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GORHAM STERLING GREENBRIER SALAD FORK NO MONOGRAM $67.99 |
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Gorham INVITATION SILVERPLATE Fork 25% Off S179539G2 $9.99 |
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GORHAM STERLING GREENBRIER FORK 7 3/8″ NO MONOGRAM $76.99 |
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Fairfax By Gorham Sterling Lemon Fork $55.00 |
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GORHAM STERLING GREENBRIER MASTER BUTTER NO MONOGRAM $69.95 |
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Gorham BUTTERCUP Ice Cream Spoon 5 5/8″ 174541 $79.95 |
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Gorham BLOSSOM STAINLESS Sugar Spoon 6603573 $9.99 |
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Newport/Gorham sterling silver charger plate plater tray server (scrap or not) $140.00 |
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Gorham sterling silver bread plate mini charger serving tray (Scrap or not) $110.00 |
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GORHAM HERITAGE ITALY SILVERPLATED 11.5″ SERVING SPOON $3.99 |
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GORHAM HERITAGE ITALY SILVERPLATE SERVING MEAT FORK 11 3/4″ IN LENGTH $3.99 |
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GORHAM STERLING CELESTE SALAD FORK NO MONOGRAM $69.99 |
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GORHAM STERLING CELESTE DINNER FORK 7 1/2″ NO MONOGRAM $86.99 |
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GORHAM STERLING CELESTE OVAL SOUP SPOON NO MONOGRAM $70.99 |
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GORHAM STERLING CELESTE TEASPOON NO MONOGRAM $49.99 |
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GORHAM STERLING CELESTE MODERN BLADE KNIFE NO MONO $34.99 |
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GORHAM STERLING CELESTE TABLESPOON 8 1/2″ NO MONOGRAM $139.95 |
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Antique Sterling Silver Gorham sugar spoon 702 $19.99 |
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Three Gorham “RAPHAEL” 1874 Sterling Teaspoons, no monogram $99.00 |
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ANTIQUE GORHAM IONIC STERLING SILVER PR TEASPOONS 1865 $79.99 |
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GORHAM STERLING CELESTE PIERCED TABLESPOON NO MONO $112.95 |
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vintage gorham silver plated basket great condition! $8.00 |
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GORHAM 4″ STERLING AND HALLMARKED ANTIQUE GRAPE SHEARS/SCISSORS $175.00 |
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4-piece Sterling Silver Gorham Strasbourg dinner set $175.00 |
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GORHAM STERLING CELESTE GRAVY LADLE NO MONOGRAM $112.99 |
Silver & Gold Bullion News: Buying Silver and Buying Gold is a no brainer
Cache Metals’ Bullion and Commodity Week-In-Review for November 29 – December 03, 2010.
GOLD
Ireland’s formal application for financial aid from the EU and the international community initially gave risk appetite this past week as the EU and IMF provided 85 Billion euro to rescue Ireland over the past weekend. The market reaction to the news has been quite timid at best as currency traders continued to be worried about the possible contagion effects of the sovereign debt crisis in Portugal and Spain. The Euro touched a 3 month low of 1.2968 as the boost proved to be short lived In addition to the debt worries, geopolitical tensions increased sharply when North Korean artillery fire hit a remote South Korean island, killing several.
North and South refuse to be nice to one another. Spot gold remained upbeat thanks to increased demand for safehaven asset types, with gold reaching a 3 week high of 1398.60 per ounce. It largely traded sideways for the week reaching a weekly low of $1353.30 before dip buying present itself. The range bound metal stayed away from large rallies as the market awaits the release of the Nonfarm payrolls. The first data due up was the weekly initial jobless claims, which rose by 26,000 last week to 436,000 (last week was also revised up by 3,000, so one could see it as a 29,000 increase). This was worse than the expected level of 422,000.
The prior weeks surprise to the downside seems to have been a bit of a dream. Initial claims have been trending lower since they hit a secondary peak of 504,000 on August 14. The data on continuing claims was also very disappointing. Continuing claims for unemployment insurance rose by 53,000 to 4.270 million.The release of the Non farm payrolls was a massive disappointment to the down side as traders were anticipating a strong rise above 150,000 given the buoyant ADP release earlier in the week.
The NFP shows that the labor market remains seemingly challenged for most workers as a pick up in business activity has yet to transform itself into any significant demand for jobs. NFP came in at 39,000k jobs versus 143,000 eyed and the unemployment rate rose to 9.8% from 9.6% (forecast). All the reports missed their mark which all traders were eyeing to see if the recovery took hold. Spot gold rallied off of the disappointing outlook striking a 4 week high of $1406.80. Today’s news could have a major impact on consumer spending during the critical Christmas shopping season as the spike in unemployment rate could send consumer sentiment plummeting. The news sent the rallying green back lower across all major currencies.
With that being said, this shows investors that gold is money and is the ultimate currency. Demand is also very strong as central banks and investors continue to buy precious metals. Gold is up on uncertainty and will remain up until the world’s uncertainties and debt problems are resolved. Look for the metal to challenge the all time highs of $1424 and maybe higher before years end.
The Time of Investing in Silver or Gold is NOW. Visit cachemetals.com and review our interactive brochures and buying guides. Contact one of our specialists at 1.416.916.6660 or 1.877.916.6670 for a no risk consultation.
SILVER
Spot silver has followed gold’s assent higher striking fresh new 4 week highs of $29.32, following the disappointing labor news. After languish in lower values of $26.85 for the beginning of the week, the grey metal finally showed its penchant for outperforming its bigger brother gold. Strong supportive news out of China gave the metal a much needed boost.
Prices jumped as China approved a fund that will invest in gold exchange-traded funds outside the country, opening the door to mainland China investors who face negative real interest rates on their bank deposits and want to hedge against inflation as first reported by the Dow Jones news wire. Adding to the bullish sentiment is the statement by GFMS chairman Phillip Klapwijk, “Silver prices may peak near $35 an ounce next year and average close to $30 on strong investment demand and continuing growth in industrial consumption.”
While we have seen the grey metal take a breather over the past 4 weeks with bearish news hitting the market, a robust an otherwise stronger Dow Jones has kept the metal quite buoyant. November saw the metal rally from its doldrums to close higher with increased buying on the dips. A sale of US minted eagles continues to remain robust despite the sell off we have witnessed at the start of the month. Silver coin minting globally is projected to rise a robust 23 percent this year, to an all-time record, according to data released last week by GFMS Ltd, and with the recovery somewhat in question for the poor employment figures released Friday this number could even be much larger. This has been an absolutely fantastic week for the dual-role metal as it finally broke through the $29 level, especially since this was done on a Friday when investors are normally reducing and closing books after a long week.
The question we are presented with everyday “is it to late to buy?” We say not at all! In a bull market as such the best approach is to always be ready and gradually buy. In moves such as these, we can always expect a pullback so have the funds in place because these pullbacks don’t seem to last very long and timing is everything. Many believe Silver is set to climb further next year possibly by as much as 20% and while one the great advantages of silver is its relative cheapness compared to gold, makes it very attractive to the not so average investor.
GOLD Support $1400/$1495
SILVER Support $29.00/$28.85
GOLD Resistance $1410/$1415
SILVER Resistance $29.32/????
Weekly Close for Gold
November 26 – $1362.30 December 03 – $1405
Weekly Close for Silver
November 26 – $26.70 December 03 – $29.24
Weekly Close for Platinum
November 26 – $1645 December 03 – $1697
Weekly Close for Palladium
November 26 – $676 December 03 – $762
Monthly Closes
October – Gold $1357 November – Silver $1385
October – Silver $24.56 November – Silver $28.19
October – Platinum $1705 November – Platinum $1650
October – Palladium $645 November – Palladium $701
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Trading Department – Cache Metals Inc.
This is not a solicitation to purchase or sell
Visit our Online Store at www.cachemetals.com/store and enjoy the latest Bullion Video news on our Television Channel at www.cachetelevision.com
About the Author
Marcin Migdal is the founder and CEO of Madcap Media Inc. and www.ActiveTVNetworks.com. He is a dedicated and already established serial entrepreneur and Finance Investor with over 12 years of experience in multimedia development and entrepreneurial ventures in internet start-ups. Mr. Migdal is the driving force behind the conceptual and architectural frameworks of his ventures and actively seeks new monetization methods for his clients based on the social media platforms he develops through Active TV Networks.
Madcap Media provides services in online and desktop software development and branding for his other ventures and clients. Active Tv Networks (ATVN) provide Self-Managed Websites & Turn-Key Tools that give Schools, Stores, Companies, Individuals and Museums the ability to manage content, drive more traffic & profit faster from their sites. ATVN develops robust content management systems, custom portals & products for publishing & delivering your content to the web.
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