Park Avenue Numismatics
5084 Biscayne Blvd, Suite 105
Miami, FL 33137
Toll Free: 888-419-7136
Secure Private Ordering
We use the latest online security processing,
so your order is safe & private.
We DO NOT disclose any customer
information to ANY third party company.
Our customer privacy is our priority.
Over 30 Years Experience
Park Avenue has over 30 years
experience buying and selling
Rare Coin and Precious Metals.
We have the knowledge and
ability to provide our customers
with the best products and services.
What Gold's Massive Rally Tells Us About the Stock Market
CNN--"Last week, the S&P 500 achieved a new all-time high following a positive jobs report. Yet, the gold price has approached levels unseen since 2013....The upside momentum of gold during an extended stock market rally indicates that investors are not fully convinced fundamental issues including geopolitical risks are resolved....The rising gold price suggests that while investors are moving towards riskier investments, they are not disregarding the possibility of a selloff in the markets....Following a 7% increase in price within merely two months since August, Scott Bauer, CEO at Prosper Trading, told Bloomberg that gold bulls have the upper hand in this market. According to Bauer, multiple Fed rate hikes and the gradual unwinding of the U.S. dollar have created an ideal environment for gold to spike...With key markets in Asia like China, Hong Kong, Japan, and South Korea struggling to recover from third-quarter woes, the gold price could sustain its upward trend in spite of the S&P momentum."
