April 16, 2009 – Investment grade certified metals such as the Indian Head gold coins are losing a bit of their value today as United States stocks rise after J.P. Morgan Chase Co. has officially posted better-than-expected quarterly earnings, yet some of the recently released market analysis are saying that the rally to equities will not sustain as a result of increasing economic problems. It appears that short-term precious metal trading is being affected by an ongoing tug-of-war between buyers and sellers along with those who believe that inflation or deflation will occur down the road. This has brought much instability with most mainstream financial markets and commodities that we have been witnessing since the beginning of 2009. There is a lot of mixed sentiment occurring at the moment which is driving investors into an out of risk-taking stocks and safe haven precious metals like the Indian Head gold coins. Fortunately, the long-term projections for financial markets are pointing towards high inflationary pressures, and this may weight down on the strength of the United States Dollar and equities while at the same time benefiting gold and silver.
At around 4:30 PM Eastern Standard Time, Indian Head gold coins are losing value along with the spot price of the metal that is currently trading at around $874.60 per ounce, a decrease of $16.30 for the trading day while the silver spot price is currently trading at around $12.22 per ounce, a decrease of $.54 for the trading day. Market projections continue looking bullish for certified rare coins, so don’t miss the chance to begin a sound diversification.
Shawn Penny
Senior Staff Writer – Rare-Coin.org
