Monthly Archives: December 2010
The (Crystal) Ball Is In Your Court – Friday Kitcommentary
The last trading session of 2010 got underway with additional gains in many commodities.
Precious metals added value as well, and although we will not await final numbers from the closing bell later today, the tally for 2010 is shaping up as noteworthy.
Perhaps even more worthy of analysis is the fact that 2010 marked the first year since 2005 that...everything rose in concert. Certainly, that is not the [...]
Abraham Lincoln Presidential Dollar Coin Cover Available
The United States Mint on Thursday, December 30, 2010, placed the Abraham Lincoln Presidential $1 Coin Cover on sale at a price of $15.95.
The 37,000 limited-edition product is the fourth and final 2010 release in the American Presidency $1 Coin Cover Series and the sixteenth since the covers were introduced for the Presidents in 2007. The covers were priced $1 less prior to [...]
Gold Prices Settle Lower, Silver Touches 30-Year High
Gold prices closed lower Thursday for the first time this week after better-than-expected U.S. jobs data triggered a round of profit-taking. The yellow metal edged down 0.5 percent for the day, but it is easily on track to mark ten years of straight gains.
Gold prices for February delivery fell $7.60 to $1,405.90 an ounce on the Comex in New York. Prices ranged [...]
US Mint Sales: 2010 Silver Eagles Unchanged, Proof Sells Out
The most interesting aspect of the US Mint sales figures this week is the zero reported increase of 2010 Proof Silver Eagles. Their sales figures of 834,879 have remained unchanged since Sunday, December 19.
The US Mint on Tuesday, December 28, actually moved the proof Silver Eagles to its "no longer available" or "sold out" website section. The Mint has already indicated that it will begin selling 2011 Proof Silver Eagles by July 6, 2011 [...]
The Nosferatu Dollar – Thursday Kitcommentary From Kitco Metals Inc.
The precious metals complex bounced around within narrow price ranges and exhibited signs of some indecision (make that final book-squaring and fewer and fewer players on duty) during the first hour of trading, following a couple of sessions of outsized gains.
Gold meandered between $1,405 and $1,410 while silver continued to edge closer to the $30.75 level as more hedge fund money was being thrown at it. [...]
2011 America the Beautiful Quarters and Silver Coin Designs
The United States Mint this month revealed the final five designs for the 2011 America the Beautiful Quarters™ and companion 2011 America the Beautiful Silver Bullion Coins and 2011 America the Beautiful Silver Uncirculated Coins.
Until now, 18 design candidates were available with several proposals of each design. The candidates were narrowed down through a selection process, with the final five chosen by the Treasury Secretary after receiving [...]
Gold Tops $1400, Silver Jumps Above $30
Gold prices rallied 1.6 percent to above $1,400 an ounce on Tuesday, lifted by a falling U.S. dollar.
An unexpected drop in U.S. consumer confidence, lower-than-expected home price data, and weak demand at an auction for 5-year notes were among cited factors for pulling down the greenback and raising the appeal of precious metals [...]
US Mint Sells Entire Mintage of 2010 ATB Silver Bullion Coins
The United States Mint has sold its entire mintage of 2010 America the Beautiful Silver Bullion Coins™ to nine members of its network of Authorized Purchasers (AP).
This means all 165,000 of the debut year 5-ounce coins are now in the distribution stream and will eventually make their way into public hands. This includes 33,000 of each of the five 2010-dated strikes for the [...]
Royal Australian Mint Releases Ashes Cricket Series Coin
The Royal Australian Mint has joined forces with Cricket Australia to release a new coin in celebration of one of the most fiercely contested cricket competitions, the Ashes.
The series is all tied up after Australia beat England in Perth over the weekend, ensuring the Vodafone Boxing Day Test to be a showdown [...]
2011 US Mint Set, Proof Set, and Silver Proof Set Release...
The US Mint has announced release dates for its three most popular annual products, the 2011 Proof Set, the 2011 Silver Proof Set and the 2011 Mint Set. All three are scheduled to appear early in the year.
Both proof sets have issue dates in January. The uncirculated Mint Set is slated for a February launch. The early release dates [...]