Guardian Blog

A refreshing look at Precious Metals as seen through the lens of tried, tested, and trusted traders.

How is Silver Priced?

By Jon Clement | January 17, 2022

In ancient times, the low structural strength of Silver made it a poor choice for any craft or industry that required tensile strength. It was not until the relatively recent last 150 years that advancements in science allowed manufacturing to take advantage of silver’s specific properties …

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Gold Price Outlook for 2022

By Jon Clement | December 20, 2021

Another tumultuous year is behind us and eyes begin to look forward to what 2022 will bring to the world. Let’s take a dive into the factors that can and will impact gold’s price action for the year ahead

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How does the Stock Market Affect Gold Prices?

By Jon Clement | June 21, 2021

Gold and the stock market are often said to have an inverse relationship. Just what does this mean? Generally, as the stock market rises, gold will not go up and may even retreat. The opposite can be said for a time when the gold is rising, and stocks are stagnant or falling.
Investors tend to look at underperforming assets and move them into ones that have a better potential for increased returns.
The keyword is this relationship is risk. In riskier investment environments, gold is often seen as a safe harbour against the unknown. In times of economic prosperity, investors are prepared to accept more risk for the prospect of greater profits.

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How is Gold Priced ?

By Jon Clement | June 7, 2021

The lustre of gold has always attracted different people for many reasons. Yet two questions have been around as long as humans have used it. What is gold worth? And less asked but even more important; how did that price become the accepted market rate?

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gold is money, gold bar shop, gold

Guardian Weekly Market Report 32

Markets continue to act in an erratic and non-colliery manner. These kinds of markets tend to be very difficult to trade as previous trading patterns move out of sync with each other. About the only sure bet right now is that the US dollar continues to gain strength relentlessly.
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US Dollar and Euro Bills

Guardian Weekly Market Report 31

Precious metals managed to have a strong close last week but if the rally is going to continue with any momentum the markets will look for lower-than-expected prints in two key inflation reports this week.
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American $100, $50, $20, $10, $5, $1 bands of 100 bills each

Guardian Weekly Market Report 30

The precious metals prices in Canadian dollar terms could see moments of volatility this week a Bank of Canada interest rate decision and the release of monthly employment figures.
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Guardian Weekly Market Report 29

Global markets, except for the US dollar, have all sold off in the wake of the Federal Reserve statement from their annual Jackson Hole meeting. The bloodletting continues this week.
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Guardian Weekly Market Report 28

The big moment for precious metals this week is going to be the US Federal Reserve Jackson Hole symposium. Given this event and the recent strength of the US dollar gold is probably going to have a difficult time making any gains this week. Any break of 1709 portends moving lower. Keep your powder dry and wait for the buy-the-dip moment.
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Cast gold bar of 100g produced by the PAMP Suisse refinery

Guardian Weekly Market Report 27

Look for precious metals prices to continue their measured upward movement this week.  Geopolitical events continue to create a bullish sentiment for precious metals markets. As energies slip haven choices like gold and silver will attract investors. With only two weeks of summer doldrum trading left risk on trades will not be encouraged. Any dips in precious metals prices should be viewed as a buying opportunity.
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Three sterling silver knife handles with weight and blade removed

What is Weighted Silver?

Sometimes you might have silver and wonder if it is pure or if there is anything else in it that makes it heavy - is it weighted? So, what is weighted silver? Why is it used? And how can you tell if your silver is weighted?
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Ranging stacks of Canadian Silver case dollars

Guardian Weekly Market Report 26

It will be a light week for financial reports with only CPI and PPI of significant note from the US and no reports at all from Canada. Precious metals will be taking their queues from the currencies and geopolitical happenstances. After three weeks of advances, gold looks like it might take a shot at poking back above 1800. Silver hovering just below the 20.00 handle will almost certainly climb back above that figure. The real question is does it have enough in the gas tank to close above there by the end of the week?
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American $100, $50, $20, $10, $5, $1 bands of 100 bills each

Guardian Weekly Market Report 25

Precious metals are poised to capitalize on gains made last week. Friday could see some enhanced volatility as both US and Canadian employment reports are released. Grain prices could rally back this week which would give further impetus for gold and silver to move higher. It’s a new day, a new week and a new month. Only one more month of summer doldrum trading to go then markets will return to full liquidity levels.
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Scrap gold chains in a pile

Guardian Weekly Market Report 24

Precious metals may slip ahead of the Federal Reserve interest rate announcement on Wednesday as the market’s price is in an anticipated rate cut. A rate cut that matches expectations will allow for further precious metals gain at the end of the week. If the rate hike is lower than expected precious metals will climb sharply higher as the market’s perception that the Fed isn’t doing enough to tackle inflation will only be reinforced. This week is particularly quiet for Canadian reports until Friday’s GDP report, so look for precious metals prices to be influenced by non-Canadian factors. Look for moderate precious metals gains by the end of the week.
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Guardian Weekly Market Report 23

Guardian Weekly Market Report Issue 23 – The week of July 18th, 2022 Key Resistance and Supports: Upcoming Week SupportResistance17101742168217601663178916471810Gold SupportResistance18.6519.2618.1119.8417.9020.3317.6020.65Silver Reports of Note due out this week: Monday CAD Housing Starts. The Housing Starts, released by the Canadian Mortgage and Housing Corporation, capture how many new single-family homes or buildings were constructed. It shows …

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Guardian Weekly Market Report 22

Precious metals continue to be under pressure and look to extend moves downward again this week. The most significant report this week will be the Bank of Canada interest rate decision which will have a detrimental impact on precious metals prices.
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The Mid-Year 2022 Gold and Silver Recap and Outlook

The first six months of 2022 have proven to be a remarkably obscure time in modern history. In January of 2022 just as the COVID pandemic seemed to be abating, the world was confronted with the highest inflation levels in decades and the proverbial sabre-rattling from Russia regarding their political intentions in Ukraine. Six months later and we have witnessed global central banks beginning to tackle inflationary pressures as the brutal conflict that has spanned 128 days and counting continues. Due to such events over the course of the past six months both gold and silver prices have fluctuated enormously.   
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Stack of precious metals coins

Guardian Weekly Market Report 21

Precious metals remain under pressure this week. North American trading will have a reduced week as New York will be closed Monday for the Independence Day holiday. The big driver of the week will be the release on Friday of US employment figures. Breaks below last week’s lows could portend extended moves to the downside, as there isn’t a lot of technical support at lower levels. 
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Gold Safe

Guardian Weekly Market Report 20

With July around the corner, relaxed travel restrictions for the first time since the Covid pandemic people are eager to travel. Slow summer markets will probably be in effect from now until school starts again in September. Trading ranges will probably be subdued and quiet this week with the weekend book ended by Canada Day and US Independence Day.
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Scrabble words

Guardian Weekly Market Report 19

Precious metals markets have digested last week's FED rate hike of 75 basis points and have made a decent recovery. It will take some time and a few more hikes by global central banks before inflation starts to get reigned in. Considering that precious metals held their own last week there is still some decent upside potential for precious metals this week.
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Ranging stacks of Canadian Silver case dollars

Guardian Weekly Market Report 18

Guardian Weekly Market Report Issue 18 – The week of June 13th, 2022 Key Resistance and Supports: Upcoming Week Support Resistance 1842 1876 1828 1899 1813 1914 1800 1932 Gold Support Resistance 21.40 21.84 21.29 22.07 20.91 22.32 20.76 22.54 Silver Reports of Note due out this week: Monday No reports of note due out …

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Guardian Weekly Market Report 17

There are not a lot of reports due out this week but there are several central banks announcing interest rate decisions, probably hikes for all three Australia, Canada and the European Central Bank. These have already most likely been priced into the market so don’t expect too many fireworks at precious metals prices. Some downside action is to be expected which could prove to be good buying opportunities. All in all probability markets will be quiet again this week. Geopolitical factors could affect quiet markets like this.
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gold is money, gold bar shop, gold

Guardian Weekly Market Report 16

The initial expectation would be for more the same of quiet precious metals markets, however. There are possibilities for some fireworks this week with Canadian and US employment reports due out this week. As well the OPEC meeting in Vienna could drive prices for precious metals and energies one way or the other depending on what kind of statement they make. Markets should be quiet until these events transpire later in the week.
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Close up photo of scrap gold chains

Guardian Weekly Market Report 15

Precious metals look set to continue their upward price movements again this week. Fundamental factors such as the war in Ukraine, supply chain disruptions and volatile equity markets continue to give precious metals a positive impetus.
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Guardian Weekly Market Report 14

Once again price action for precious metals was a one-way street, down. As soon as the markets opened they slipped and slipped all week long. Silver especially is now poised in a very perilous technical area, having very little support below the current area.
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World Map

Guardian Weekly Market Report 13

The most important moment last week was when the US Federal Reserve increased interest rates by half a percent or 50 basis points. This was the largest rate hike in 22 years. In the accompanying statement, they also added that the markets should expect future half-point rate hikes for the next few FOMC decision dates which are generally held about every five weeks. Precious metals markets began to price in this expected rate hike so fell early in the week and metals rallied when the rate was not hiked by a higher margin.
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Live market

Guardian Weekly Market Report 12

Last week it seems the markets finally started to take notice that global central banks are now making a concerted effort to rein in inflation. The result was a blood bath for the precious metals markets and equity markets as well. From the open on Monday through to Friday’s close,  price action was a one-way street south.
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gold is money, gold bar shop, gold

Guardian Weekly Market Report 11

Precious metals will be under significant pressure this week with the concerted effort to bring pressure to bear against global inflation. 1900 will most likely be a significant line in the sand this week. Precious metals will feel more downward pressure if crude oil falls toward the $90 a barrel level. This week there is much more resistance higher than the support below. Could be a buying opportunity this week.
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Scrabble words

Guardian Weekly Market Report 10

Guardian Weekly Market Report Issue 10 – The week of April 18th, 2022 Key Resistance and Supports: Upcoming Week Support Resistance 1973 2000 1947 2013 1926 2038 Gold Support Resistance 25.67 26.10 25.47 26.22 25.37 26.55 Silver Reports of Note due out this week: Monday US NAHB housing market index. A dual measure of overall …

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Pile of Swiss Precious Metal Bars

Guardian Weekly Market Report 9

Guardian Weekly Market Report Issue 9 – The week of April 11th, 2022 Key Resistance and Supports: Upcoming Week Support Resistance 1946 1974 1929 1991 1906 2000 Gold Support Resistance 24.81 25.19 24.63 25.44 24.46 25.62 Silver Reports of Note due out this week: Tuesday US Consumer Price Index. A measure of inflation, a rise …

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World Map

Guardian Weekly Market Report 8

Guardian Weekly Market Report Issue 8 – The week of April 4th, 2022 Key Resistance and Supports: Upcoming Week Support Resistance 1913 1957 1900 1974 1890 1989 Gold Support Resistance 24.51 24.93 24.10 25.29 23.87 25.47 Silver Reports of Note due out this week: Monday US factory orders. Increased factory orders are a sign that …

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Silver Half Kilo Bars

Guardian Weekly Market Report 7

Guardian Weekly Market Report Issue 7 – The week of March 28th, 2022 Key Resistance and Supports : Upcoming Week Support Resistance 1923 1958 1900 1973 1889 1985 Gold Support Resistance 24.91 25.47 24.61 25.83 24.37 26.09 Silver Reports of Note due out this week: Tuesday US housing price index. Rising prices are indicative of …

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gold, ingots, treasure

Guardian Weekly Market Report 6

Guardian Weekly Market Report Issue 6 – The week of March 21st, 2022 Key Resistance and Supports : Upcoming Week Support Resistance 1911 1945 1891 1974 1880 2000 Gold Support Resistance 24.75 25.37 24.48 25.58 24.30 25.78 Silver Reports of Note due out this week: Tuesday CAD industrial product price and raw material indexes. Indicator …

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Gold coins

Guardian Weekly Market Report 5

Guardian Weekly Market Report Issue 5 – The week of March 14th, 2022 Key Resistance and Supports : Upcoming Week Support Resistance 1959 1977 1923 2000 1912 2013 Gold Support Resistance 25.39 25.72 25.11 26.10 24.86 26.51 Silver Reports of Note due out this week: Tuesday CAD housing starts. The report will be an indicator …

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Stock Exchange Trader

Guardian Weekly Market Report 4

Guardian Weekly Market Report Issue 4 – The week of March 7, 2022 Key Resistance and Supports : Upcoming Week Support Resistance 1933 1990 1921 2000 1910 2025 Gold Support Resistance 25.33 25.95 25.16 26.16 24.88 26.39 Silver Reports of Note due out this week: Wednesday US weekly crude stocks report. A drawdown on stocks …

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Pile of Swiss Precious Metal Bars

Guardian Weekly Market Report 3

Guardian Weekly Market Report Issue 3 – The week of February 28th, 2022 Key Resistance and Supports : Upcoming Week Support Resistance 1879 1905 1859 1917 1844 1933 Gold Support Resistance 24.00 24.65 23.65 24.94 23.40 25.12 Silver Reports of Note due out this week: Monday US wholesale inventories US Chicago purchasing managers index CAD …

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Ranging stacks of Canadian Silver case dollars

Guardian Weekly Market Report 2

Guardian Weekly Market Report Issue 2 – The week of February 21, 2022 Key Resistance and Supports : Upcoming Week Support Resistance 1877 1908 1860 1919 1844 1933 Gold Support Resistance 23.61 24.09 23.31 24.24 23.09 24.40 Silver Reports of Note due out this week: Tuesday Canadian ADP employment report Tuesday US Johnson Redbook index …

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Live market

Guardian Weekly Market Report

Issue 1 – The week of February 14th, 2022 Geopolitics All eyes are on Mr. Putin this week asking will he or won’t he invade Ukraine? Swedish intelligence reports say there are now up to 130,000 troops on the border. Russian war games with Belarusian forces have been in progress since last week. All signs …

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Scrap Jewellery

How Does Pricing Work for Scrap Jewellery?

How Does Pricing Work for Scrap Jewellery? At Guardian, pricing is based on the spot market price for gold and the exchange rate for the Canadian dollar, to get the Canadian gold spot price. Our Commission is 1.5% of the spot price. As an example, if the spot price of gold is $2,300 per ounce, we will pay 98.5% of that amount which is $2,265.50 per …

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RCM Silver Maples

How is Silver Priced?

In ancient times, the low structural strength of Silver made it a poor choice for any craft or industry that required tensile strength. It was not until the relatively recent last 150 years that advancements in science allowed manufacturing to take advantage of silver's specific properties ...
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Planets in Space

Where Does Gold Come From?

Various theories about the exact origins of gold involve some degree of speculation, and this is understandable as these ideas address events as far back as the big bang itself.
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New Years 2022

Gold Price Outlook for 2022

Another tumultuous year is behind us and eyes begin to look forward to what 2022 will bring to the world. Let’s take a dive into the factors that can and will impact gold’s price action for the year ahead
Read More
Trading market

The Best Way to Hedge Precious Metals

If precious metals are a vital component of your business's raison d'etre, you likely want to limit exposure to the wild price swings in the market. Sure, there are many ways in which a company can minimize risk, but in current markets, the real question is - Which method works best for you?
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Gold Safe

What is the London Fix

The London Fix is currently decided upon by the London Bullion Market Association (LBMA). The fix sets the daily price of various precious metals, including gold, silver, platinum and palladium. For gold, this price is set twice per day 
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Pile of Swiss Precious Metal Bars

Will Gold go to 5000 Dollars?

If you're prepared to hold it for the long run, and considering gold's current pricing, it's a relatively good area to be establishing a long position. The question you need to ask yourself, as in any investment opportunity: what do you expect out of it and over what time horizon? 
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London Bank of England

Will the Gold Standard Return?

Will the Gold Standard Return? The first question you may be asking is, just what is the gold standard? Historically, the gold standard is a system where a country’s currency, i.e., pounds or dollars, is based on a fixed amount of gold. There are many examples of this throughout history; This article will examine both the …

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boxes of spices

How does the Stock Market Affect Gold Prices?

Gold and the stock market are often said to have an inverse relationship. Just what does this mean? Generally, as the stock market rises, gold will not go up and may even retreat. The opposite can be said for a time when the gold is rising, and stocks are stagnant or falling. Investors tend to look at underperforming assets and move them into ones that have a better potential for increased returns. The keyword is this relationship is risk. In riskier investment environments, gold is often seen as a safe harbour against the unknown. In times of economic prosperity, investors are prepared to accept more risk for the prospect of greater profits.
Read More
chart with a gold bar on top

Gold Price Outlook 2021

With gold hovering around the $1900 mark, many investors wonder what the rest of the year will bring for the yellow metal
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An assortment of silver cutlery jumbled together

Can I melt silver at home?

You should avoid melting any silver that you do not need to melt.
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rhodium chemical symbol depicting the abbreviation of Rhodium as well as the atomic number and weight

A Beginner’s Guide to Rhodium uses.

When Rhodium was first discovered in 1803 by scientist William Hyde Wollaston, it was named because of its reddish hue and based on the Greek word "rhodon," or "rose."
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Silver cutlery set in velvet lined box beside jumble of same cutlery pattern

A recent Sale of a Silver Cutlery Set

People bring their silver sets to us for different reasons. Many people inherit their cutlery and then find they have no use for them. Some lucky people find sets at garage sales or auctions for a bargain and are looking to realize a profit.
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Image of a tall silver candlestick cut into three revealing the weighted material inside.

I have silver candlesticks, should I sell them?

Perhaps you have some old candlesticks lying about the house, covered with wax like those in the photo below, or maybe recently received and shiny or possibly a little tarnished and damaged.   If you do not use them and wonder if they could be worth some money, there are a few things to consider if you want to sell them.
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Scrap gold chains in pile

How do I sell my Gold Jewellery?

First, gather up all your broken and unwanted chains, rings, bracelets, and earrings. Any part of the jewellery that is not precious metals will be lost in the process so take time at home to remove those parts if you wish to keep them.
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Is it Safe to Ship Precious Metals?

It is safe to ship precious metals purchased at Guardian International Gold because we use insured shipping to Canada and the United States.
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Close up of the Royal Danish International Sterling hallmark

What are Sterling Silver Markings?

Sterling Silver marks are punched or lasered marks found on silver that indicate the piece’s purity and provenance. If you have an item of silver that bears a Hallmark and/or Maker's Mark, you will likely be able to ascertain where it was made, when it was made, the purity of its metal and who its maker was
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gold, ingots, treasure

How is Gold Priced ?

The lustre of gold has always attracted different people for many reasons. Yet two questions have been around as long as humans have used it. What is gold worth? And less asked but even more important; how did that price become the accepted market rate?
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A pile of silver handled steel bladed knives

Selling Silver Knives: What to Expect

Unlike cutlery that is solid silver, such as spoons and forks, silver knives are usually constructed from a stainless-steel blade and a filled silver handle.
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