Numismatic

Markets had an interesting week, especially if you were trading the #AI stocks like NVDA and AMD. Both of those darlings sold off. NVDA looks to be firming up but it’s too early to tell. AMD is heading lower and I expect it to test the $180 level. I’d become a buyer around there. After transferring my brokerage account over to Interactive Brokers (referral link), I put on a single #options trade. I sold my first put to collect premium and bought a long dated put for insurance on MSFT. This is called a diagonal spread trade and I’m banking that MSFT will climb higher here. ...

Hey there, fellow coin enthusiasts and history buffs! I’m here to share with you my passion for collecting ancient Roman coins and to take you on a journey through the ages with these metallic pieces of history. Imagine holding a piece of the Roman Empire right in the palm of your hand—feeling the weight of centuries of stories, triumphs, and even mysteries. That’s the thrill of collecting ancient Roman coins. ...

How many times do you feel that you must’ve touched a silver dime in your pocket change only to give it away without knowing about it? Maybe you found an odd-looking coin in an old house and thought it was fake because it didn’t look like a regular US coin? Maybe you’re a coin roll hunter already and are getting strange looks from you bank? Whatever the reason, there are many ways to hunt for coins! Building wealth through coin hunting is easy but it does require some knowledge. This is my guide to coin hunting! ...

Nothing conjures the thrill of adventure like sunken treasure. This is a tale during when Pirates attacked Spanish ships sailing from the New World to Europe. Pirates stole minted silver and gold coins destined for the coffers of the Spanish King. The time was 1497, a few years after Columbus sailed to the New World. The Spanish Empire had minted the silver Spanish Dollar which became known as a the ‘piece of eight.’ They called it that because it was worth 8 Realas, another unit of currency from the mid 14th century. Note, the Peseta replaced the Realas in 1868. ...

I’ve been meaning to give you an update on what’s been happening at my local coin show (Feb 2014). The short of it is that general attendance is down, the regulars Numismatics are back, and the majority of dealers are buying silver and gold back. This is an interesting change of sentiment because the last time I was there (about a year ago), gold and silver were at higher levels and lots of noobs were there buying coins. Dealers were selling to the public like crazy and all the transactions were done in cash. Now that the price of gold and silver is a lot lower, my guess is that the noobs are either holding or out of the market completely. ...

It’s probably no surprise to my readers that in addition to trading and building neural net models, I like to collect coins and paper money, especially paper money that’s worthless. As a Numismatic, my approach to coin collecting is simple; collect items I like and add in a few items for their metal value (gold and silver). I probably do more collecting nowadays than trading because the markets have become one highly frequent casino. ...

Babak posted about a possible double top forming in Gold (and Oil) in his blog a few days ago. While I agree with his technical analysis on the daily charts, I disagree with his conclusion that Gold has topped out. In my mind, Gold is driven 80% by fundamental reasons instead of technical analysis. If you look at the weekly chart, Gold looks poised to possibly make a run higher after this consolidation. ...