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Understanding the Gold Melting and Assaying Process: A Beginner’s Guide Gold has been valued for centuries and has played a significant role in world history, literature, and technology. When gold is first mined, it contains impurities such as silver, copper, and iron. The gold melting and assaying process involves removing these impurities to produce pure gold. This process involves heating …

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Guardian Weekly Market Report Issue 83 – The week of September 18th, 2023 Key Resistance and Supports: Upcoming Week Support Resistance 1910.00 1933.00 1890.00 1933.00 1860.00 2000.00 1800.00 2040.00 Gold Support Resistance 22.30 23.61 21.77 24.08 20.89 24.52 20.36 25.17 Silver Reports of Note due out this week: Coming up this week we have the Federal Reserve and Bank of …

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Guardian Weekly Market Report Issue 82 – The week of September 11th, 2023 Key Resistance and Supports: Upcoming Week Support Resistance 1910.00 1930.00 1889.00 1960.00 1856.00 1987.00 1830.00 2005.00 Gold Support Resistance 22.38 23.58 21.74 24.00 20.85 24.00 20.35 25.15 Silver Reports of Note due out this week: This week we’ll get the latest inflation readings for August, along with …

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If you're new to the world of gold, understanding gold purity can be a daunting task. Purity is an essential aspect of gold quality, and it determines the value of the gold you're buying or selling. In this article, we'll break down everything you need to know about gold purity, from what it is to how it's measured and what it means for your investment.

If you're looking to sell your gold, you may be wondering what to expect. Unfortunately, there are many myths and misconceptions about selling gold that can make the process confusing and overwhelming. In this article, we'll debunk some of the top myths and misconceptions about selling gold, so you can make informed decisions and get the most out of your investment.

Monday is a holiday this week and the rest of the weeks economic indicators are not major. The jobs numbers which were revised lower back to January 2023 and caused the unemployment rate to jump to 3.8% is bullish for metals. With Gold having a second week of respectable gains and following through to the upside with a close at 1966.00 basis December, we expect gold to trade towards the 2000.00 level, possibly as early as this week.

U.S. economic data continues to play an essential role in the sentiment in the gold market. The Federal Reserve has said that it will maintain interest rates as healthy economic activity continues to support the tight labor market. With Nonfarm payrolls report out this Friday, a soft number and or a revision downwards could breathe some new life into the precious metals. We believe the precious metals are forming a bottom and expect a strengthening of prices heading into the end of 2023. We have had a breakout to the upside on the December chart around the 1945.00 level and await confirmation with a continuation of the rally towards the 1975.00 to 2000.00 level.

This week we have the BRICS Summit running from Aug 22-24 in South Africa along with Jackson Hole Economic Symposium three-day event from Aug 24-26th. Both events along with a bullish Commitment of Traders report on gold and Fed Chair Powells Friday speech could finally provide us with some positive news to help gold bounce in the short term but the trend is still down.  Lately, the retail investor has been shying away from investing in gold and silver due to the attractive no risk 5% plus money market rates available to them. How long will the downtrend continue, nobody knows. Investors should look for a sharp sell off followed by a strong bounce to indicate the bottom is in. Otherwise, it should be business as usual with gold and silver drifting lower!

This week we have some major economic indicators being released. Tuesday, we have Retail Sales and Wednesday it is Housing Starts and Building Permits. The July FOMC meeting minutes also get released Wednesday afternoon. These indicators will move the market and with Gold and Silver at major support levels of 1900.00 and 22.25, we can cross our fingers and hope that support is found.

On Friday, the University of Michigan will release the preliminary August reading of its Consumer Sentiment Index, providing an update on consumer confidence. The index reading is projected at 71, down slightly from 71.6 last month. July’s reading was the highest in 2 years, as consumers became more optimistic on the economy and their finances amid slowing inflation and a strong jobs market. While consumer sentiment is still well below pre-pandemic levels, it’s a stark reversal from last year, when the index hit an all-time low of 50 amid the highest inflation in 4 decades. So with CPI and PPI expected marginally higher  and consumer confidence reasonably stable, Gold and Silver are most likely range bound trading between 1950 and 2050 on the December contract. We are near the bottom of this range and would expect a rebound towards 2000-2025 this week.  A breakout and close above 2022.00 on the December contract should indicate the start of a rally towards the highs... A close below 1973.00 and the downside will continue. Silver breakout number is 24.76 and break down number is 23.43.

The big news last week was that the Federal Reserve and the European Central Bank raised interest rates to continue the fight on inflation. The Bank of England is likely to do the same on Thursday this week. The talk is that inflation is coming down but not as fast as the central banks would like. The 2% target is still a long way off. Gold and Silver are going to go down in this type of environment. Money is not almost free anymore with a lot of people struggling month to month to survive. The retail investor will not be participating in the market as interest rates remain elevated. Gold is consolidating and is at a crossroad. A breakout and close above 2024.00 on the December contract and we resume the rally. A close below 1975.00 and the downside will continue. Only time will tell. My call is for a short term break to the downside to test the muddy waters.

There is almost a 100% expectation that the Fed will raise rates a quarter of a point at this week’s meeting. This bump in interest rates will help the U.S. Dollar and weaken both silver and gold into Wednesday’s announcement. We would think the metals will retreat early in the week and then recover after FOMC meeting on the 26th of July is behind us. Volatility is the call of the week!

Unquestionably, gold has had an exceptional week closing in the 1955.00 area with silver even stronger closing around 25.00 after the release of Junes CPI and PPI numbers. On the flipside, the U.S. Dollar had a bad week closing under 100.00 for the first time since early 2022. Gold and Silver have broken out to the upside on the charts and look ready to test 2000.00 for gold and 26.50 on silver. There is still the expectation that the Fed will raise rates a quarter of a point at the July meeting and possibly another time before the end of the year trying to bring inflation down to 2%. This bump in interest rates should help the U.S. Dollar and weaken both silver and gold. We would think a move higher early in the week and then to move lower sometime near the 26th of July.

The question out there now is which jobs report is the correct one. The ADP  number of 497,000 private jobs created or the Governments soft NFP number of 209,000?ADP strong number caused gold to sell off. The next day Non-Farm Payroll from the government comes out and shows a slight weakening in the overall jobs number and gold subsequently rallies. Did gold rally with fresh buying or was it the selling off of the US Dollar to a 2 week low that took gold higher. Gold has made a lower weekly high for nine weeks in a row now and is possibly showing signs of trying to put a bottom in with a higher low this week. There is still the expectation that the Fed will raise rates in July and possibly 1 more time before the end of the year trying to bring inflation down to 2%. There seems to be solid support for gold at the 1900 level. The $64,000 question is will gold hold this support? My feeling is no. Until Gold can put in a higher weekly close, the metals will continue to drift lower with gold testing the 200-day moving average area and Silver testing the $20.00-21.00 handle. 

Gold has finished the last eight weeks lower on the weekly chart. Central Banker’s are saying interest rates must go higher to bring inflation down to 2%. It’s not surprising that gold is testing the 1900 level and will probably have a push lower to the 1850-1860 level in the near term (200 Day Moving Average).But at this point, you can’t blame investors for shying away from gold, as they can get a roughly 5% yield on short term money market funds relatively risk free. Until gold can put in a higher weekly close, metals will continue to drift lower with gold testing the 200 day moving average area soon and Silver testing the $20.00-21.00 handle. 

Federal Reserve Chair Jerome Powell speaking before Congress said that it was a “pretty good guess” that the central bank would hike rates twice more before the end of the year. Powell underscored the rationale for more rate hikes saying” Inflation pressures continue to run high, and the process of getting inflation back down to 2% has a long way to go. The Bank of England surprised the market with a 50-basis point increase to 5%. The BOE was not alone in its action with central banks in Norway, Switzerland, and Turkey also raising rates to slow their respective countries inflationary pressures. These factors also sparked a deep decline in silver resulting in a larger percentage decline than gold. The weekly price decline of $1.85 per ounce for Silver resulted in a percentage decrease of 7.4% which was 3 times greater than the price decline of Gold. The Silver/Gold Ratio blew out to 85.4 to 1. Until Gold can put in a higher weekly close, the metals will continue to drift lower with gold testing the $1825.00 area and Silver testing the $20.00 handle. These higher interest rates are here to stay for quite a while!

Equity markets continued rallying last week as the Federal Reserve paused on raising interest rates. The U.S. Dollar retreated and with the pause on rates this is to be expected. If August Gold can close above 1984.00 and July Silver above 24.22, we will likely get a rally higher on gold to test the 2000.00 - 2050.00 price tag and Silver in the neighbourhood of 25.00 – 26.00. This pause in rates is bullish for the metals and a breakout higher should take us towards the highs. Volatility is again the call of the week!

Markets rose this week and the S&P 500 entered bull market territory. This week will bring crucial information on inflation and the Federal Reserve’s decision on interest rates. Australia and Canada raised interest rates last week and this could be a pre cursor to the Fed’s move on Wednesday. If the Fed raises rates this would be bearish for gold and silver and the U.S. Dollar would strengthen. However, a pause in rates would be bullish for the metals and a rally towards the highs would begin. Volatility is the call as there are numerous important reports due out during the week!

Gold and Silver made an attempt to rally this week. Both were doing very well until the release of the Non Farm Payroll numbers Friday morning at 8:30 AM. They were both sold off from near their highs of the week with Gold experiencing stronger selling than Silver. We expect Gold to retest the recent low of 1932. A break of the 1930 - 1935 support will see Gold retreat to test the 1900 area and possibly lower. We continue to call for a lower prices for Gold and Silver until Gold closes above the 2000 – 2012 price targets and Silver closes above 24.20 which would confirm a new rally to higher levels.

Gold and silver continue to move lower and are trying to find a bottom. If gold breaks through the 1930-1935 support, we must expect a retest of the 1830 - 1900 area before a bottom can form. We continue to call for a lower gold price until gold closes above the 2000 – 2012 price range which would confirm a new rally to challenge the highs.

In the Canadian market last week, we saw gold stocks pull back. The biggest loser was Barrick gold, down over 7% on the week... The big question will be the U.S. debt ceiling problem?

The expected roller coaster last week came true with prices higher early in the week followed by a selloff in gold and silver. Silver's move lower was more extreme (Stairs up and Elevator down!)

As shifting global economic landscape contributes to the volatility in gold prices, investors are increasingly viewing gold as a safe-haven asset amid macroeconomic uncertainty.

Gold and silver spent last week consolidating with gold’s range between $1973 and $2011. With a slew of important indicators due this week, volatility will be front-and-centre and we expect to see further consolidation. We expect a pullback to the $1930-$1950 area before we start heading back towards the highs. A close above $2020 would see gold retesting some of its historical highs. Similarly to gold, silver dipped to the range of $24.40-$25.43. Last week’s gold to silver ratio was at 80.05 and this morning we are trading in the 78.60 to 1 area. This is a bullish sign with silver leading the way. A close above $25.62 would send silver much higher towards $26.00 an ounce.

Gold and silver have been very bullish lately. Last week they stumbled and the charts are looking like they have topped for now. We would expect gold to have a small selloff to around the $1930-$1950 level in gold this week and then a retest of the highs. Silver seems a little more bullish and a small pullback is also in the cards.

Last week Gold and Silver both managed to make new yearly highs, then promptly saw profit taking.  Trend has been higher since the beginning of March. We see no reason for that to change. Sideways this week. Looking for a catalyst to test $2065 (Futures). In the spot market we are anchored around the $2000 level.  Range this week is inside last week. $1995 to $2020. Silver has been on an even better run since March. Tracking the moves in gold, but wider ranges. Look for a test of $26.50 (Futures) this week.

With precious metals' valuations continuing to soar and approach uncharted territories, taking a long-only stance seems logical. Any potential drop in prices should be viewed as an opportunity for prospective investors to augment their precious metal holdings, whether as a starting point or as a supplement. However, it's important to note that this current market does not lend itself to short selling. For those who have invested in metals at previous lower levels, it may be wise to consider taking profits periodically, as the old adage from market traders goes: bears and bulls profit, while pigs get slaughtered. Attempting to predict the highest and lowest prices is a fool's errand, and a futile one at that. Ultimately, remaining vigilant and avoiding trying to "pick tops or bottoms" is the best strategy, as markets have a tendency to fluctuate.

The ducks are lining up in a row for precious metals to continue last month’s strong upward movement. Markets in general remain skittish due to ongoing inflation concerns and the possibility of future central bank hikes. As well, concerns remain about contagion within the retail banking sector globally. Gold will probably make another run for $2000 and silver trying to get a close over the $24.50. Certainly, the adage of buying the dip should be the call to action going forward.

The coming week has more opportunity for promise than not in the precious metals markets. Any dips are a moment to pick up metals cheaply.

Melt loss is defined as any weight discrepancy between the scrap gold when it is initially weighed, and the final weight of the bar after the gold is melted. In simpler terms, it is the weight of the material that is lost during the melting process.

If you've ever inherited or acquired silverware, you may have wondered about its purity and weight. Silver has been used for centuries for various objects, household items, and even as currency for trade. However, sometimes silverware may feel heavier than it should, which begs the question: what is weighted silver?

Given the turmoil in the banking sector at the moment and a slew of interest rate decisions this week all signs point to higher precious metals prices. Contagion is still paramount in traders’ lexicon at the moment. The $2000 handle will be an important technical and psychological battleground this week.

Precious metals, gold specifically, should have good support this week as jittery markets digest the collapse of the Silicon Valley Bank. With a quiet report schedule, markets will be looking for a cue from the developing situation in the US banking world. Specifically, the question being asked by fund and money managers is “How much exposure do we have to this event?” Along with “Will this event cascade to other institutions?” Since HSBC has now stepped in to acquire SVB, will this be enough to assuage fears of greater market contamination?

Precious metals prices reversed their previous losses as bullish sentiment returned to trading floors.

With both gold and silver plumbing new multi-weekly losses both markets appear to be at critical junctures. They’re going to be multiple factors that will make gold test the $1800 handle this week.

With all the theatre of Biden’s visit to Kyiv, specifically with Zelenskyy and him walking down the street, air raid sirens blaring, the US dollar has had a good pop. Precious metals have taken it on the chin. Should be a flash-in-the-pan moment. Look for a quiet week with metals returning to last week’s levels near 1850 for gold and 22.00 for silver. Again, price drops are a buy-the-dip moment. Geopolitical moments this year have a strong potential to push metals prices much higher.

Precious metals remain under pressure this week, yet they do appear to be exhausting their move to the downside. If gold does not break below 1827 and if silver can hold above 21.57 it will be time to pick up some bargains. Markets are at a precarious moment now so if you are risk-averse move to the sidelines and keep your powder dry. If you are more adventurous wait for the Wednesday CPI report before scaling into new purchases.

Looks like a good week for bargain hunters in precious metals markets after last week’s stellar US jobs report, which drove down prices. Markets were expecting 188k jobs to be created but the report printed 517k. The US unemployment rate fell to the lowest rate of 3.4%, not seen since 1969. Asian and London traders have already been stepping up to make purchases. With a light report week, it is most likely a good times to add to portfolios.  The sellers exhausted themselves last Friday. A classic buy-the-dip opportunity.

Precious metals prices will probably be under pressure this week. Gold should be able to hold itself above the $1900 handle. Silver on the other hand is looking quite weak. The volatility in silver prices over the past couple of weeks indicates that it is still a leading indicator for gold. If silver can turn back to the upside, gold will have the strong wind in the sails to make a run to $1950.

Given last week’s strong Canadian Retail Sales figures the Bank of Canada has more reason to hike rates this week. The market feels that this will be the course they choose to pursue. Gold continues to look strong with good fundamentals to push it higher this week. Silver on the other hand is looking a little bit toppy technically. It has been a leading indicator for gold prices for some time now. Is this relationship starting to diverge? Or will gold turn downward? The call is divergence is beginning. Buy it before it gets more expensive.

Precious metals certainly look strong, but this week looks like it is a good moment for profit-taking. With m the week’s reports expected to be mostly negative towards precious metals prices it looks like a good moment to take profits off the table. Savvy investors should look for bargain-hunting moments below the 1900 handle.

Precious metals have had a very strong start to the year. They passed their first test last week with flying colours. The next test will be at the end of the week with inflation and consumer sentiment reports. As they are expected to be positive the question is how much of their gains will the precious metals shed? Look for a combination of market reaction to positive reports and profit-taking after strong gains. I’d stop loss orders that are sitting close to the market prices and could have an accelerated sell-off. If that happens look at it as a buying opportunity to make purchases. Again, look for buying the dip moments.

2022 started quietly and on a soft note for precious metals. Market participants were primarily focused on multi-decade-high inflation rates. The war in Ukraine had not yet occurred and initial movements towards that eventuality were perceived by many to be a saber-rattling exercise. January was the quiet before the storm. Gold opened the year at $1,828.

Precious metals have started the year on a tear upward and look strong. That trend looks like it will continue through to the end of the week where it will meet the double-edged sword of US and CAD employment reports and end-of-week profit taking. How much of an end of week’s sell off happens very much depends on the strength of the employment reports. Look for precious metals prices still to finish the week higher.

This week will be the last week of any real trading before the end-of-year holidays begin. Gold looks like it wants to get up above 1800 before the end of the year. Any price dips are buying opportunities. The 1800 handle has been a key battleground for a good chunk of this year and it looks like it wants to move higher. If not this week, soon.

It all comes down to the Fed this week. Given their statements to markets last week they have pretty much made their intentions clear. Those intentions are for a 50-point rate hike. This would be just the catalyst that precious metals need to leg up for the next move higher going into the new year before markets begin to thin out for the holidays.

After last week’s upward precious metals price movement and strong weekly close, sentiment has taken on a bullish aspect after moving to a five-month high. As December progresses, markets will become thinner as participants take the end-of-year holidays. As the World Cup has now entered the knockout stage, there are other distractions to occupy traders’ attention. It is vitally important for gold to hold above $1800 throughout December. Doing so can set it up to make significant moves higher in the new year. Investors should be in a ‘buy the dip’ frame of mind going forward. Looks like higher prices will soon be a reality.

Look for the market activity to continue to be muted and move mostly sideways with a slight upward bias. Between the World Cup and the end-of-year closing of trades to square up books, there probably won’t be a lot of market action in either direction during December....

Last week, after a valiant try, gold was unable to close above the key technical level of 1764. It managed to trade above there yet suffered a late-week sell-off -- profit-taking after two weeks of solid gains. Fundamental factors remain bullish for the precious metals complex with strong continued central bank purchases, and growing automobile production; both electronic and petroleum based. Any price dips should still be buying opportunities. Lower purchasing points: 1720 and 1700. With a light report schedule, this week looks for geopolitical events to drive markets.

Lots happening in the world and precious metals markets have changed currents. From a technical perspective, markets have broken through significant resistance levels which now become strong support areas. Both gold and silver are poised to make further gains by year-end as signs inflationary pressures are beginning to ebb and investors move out of the US dollar. Canadian CPI release this week could further reinforce that sentiment. With confirmation that the Democrats have retained the Senate look for another push higher for precious metals this week. If they can take the House of Representatives look for an even higher push.

Markets will be on edge until the US midterm election results are in. Expect a fair bit of volatility in Tuesday night trading as election results are reported. Precious metals look poised to make further gains from a technical perspective. At the end of the week, US CPI and Consumer sentiment reports will help decide if metals have a positive or negative week. A Republican win could result in a US dollar sell-off as markets look to two years of no policy being passed as President Biden has indicated he is ready to veto Republican bills that are put on his desk. It will be two years of no discussion just vilification and division. This could be the catalyst to significantly higher precious metals prices over the next few years.

The latter half of the week could prove to be quite volatile with interest rate decisions from the US and the UK. At the end of the week, this will be followed by employment reports from Canada and the US.

Lots of potential for volatility in precious metals prices this week from both geopolitical and economic-reports perspectives. Crosscurrents could create further turbulence in markets. The US dollar’s relentless drive higher is poised to encounter some headwinds the closer the calendar gets to the US midterm elections. Any moment of profit taken from long dollar positions will by default benefit precious metals positions. For the moment precious metals are swimming against the current to make significant gains but the tide is shifting. These are looking like a buyers’ moment.

Precious metals continue to remain under pressure in the face of a still surging US dollar along with rising crude oil prices. Last week’s rout . . .

The big potential market mover this week will be the IMF meeting which lasts all week. Given the strength of the US dollar and surging inflation rates, expect the IMF to address these issues. Until they make a statement, precious metals, like other investments, will play second fiddle to the US dollar. Again, look for lower price action unless gold can achieve a weekly close above 1700.

Precious metals continue to remain on tenuous ground. They have been on a downward trend since the Russian invasion of Ukraine 222 days ago, along with most other currencies versus the US dollar....

It’s probably going to be a rough week for precious metals. Currencies continue to be on the ropes versus the US dollar. Treasury yields keep rising. Strangely two places where gold especially is in retail demand are China and India. This is going to be a longer-term factor in the price. Indian demand for physical gold is expected to outpace that of China soon.

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.

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.

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.

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.

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.

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.

Gold is expensive and therefore it is not always feasible to start by purchasing 1-ounce weights. Mints recognize this and offer products of a lesser weight. Such options have become increasingly popular and there are multiple gold coins to look at. Let’s look at coins that come from national minting corporations such as the U.S mint, the People’s Bank of China, the Perth Mint from Australia and the Royal Canadian Mint. 

Understanding Trends in the Precious Metals Market  When an article written in the financial pages reads: “Local gold prices will likely continue on an uptrend in the long-term considering the trendline, the highs, and the lows since 2019.” Do you find yourself wondering what makes a precious metal trend?  In the world of financial and precious metals markets, there is …

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Have you ever wondered how to tell if something is silver or not? Are there easy ways to know, or do you need special equipment? Silver comes in many shapes and sizes, however there are ways to understand and determine purity that anyone can accomplish. 

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?

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.

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.

Guardian Weekly Market Report Issue 23 – The week of July 18th, 2022 Key Resistance and Supports: Upcoming Week Support Resistance 1710 1742 1682 1760 1663 1789 1647 1810 Gold Support Resistance 18.65 19.26 18.11 19.84 17.90 20.33 17.60 20.65 Silver Reports of Note due out this week: Monday CAD Housing Starts. The Housing Starts, released by the Canadian Mortgage …

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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.

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.   

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. 

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.

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.

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 Tuesday USA Producer Price Index. …

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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.

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.

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.

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.

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.

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.

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.

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 economic health and employment demand. …

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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 indicating inflation is still climbing …

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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 inflationary pressures will continue to …

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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 continuing higher inflation levels and …

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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 of inflation in the economy. …

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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 of inflation and could affect …

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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 would be bullish for both …

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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 current account CAD industrial product …

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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 Tuesday US PMI report Tuesday …

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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 point to some kind of …

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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 ounce. Jewellery comes in different karats. The higher the …

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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 ...

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.

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

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?

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 

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? 

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 gold standard used during the …

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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.

With gold hovering around the $1900 mark, many investors wonder what the rest of the year will bring for the yellow metal

You should avoid melting any silver that you do not need to melt.

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."

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.

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.

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.

It is safe to ship precious metals purchased at Guardian International Gold because we use insured shipping to Canada and the United States.

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

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?

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.