Below you will find pages that utilize the taxonomy term “Numismatic”
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.
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.