Monthly Archives: April 2011
Wednesday Kitcommentary – Channeling Newton
Following Tuesday's worst drop in commodities in one month, the markets recovered somewhat during the overnight hours as sporadic bargain-hunters emerged and were seen as buyers.
Spot gold rose $5.00 per ounce to open at $1,458.80 this morning while silver was ahead by 23 cents and started the day at $40.34 the ounce. First-line support in the yellow and the white metal is currently pegged at [...]
US Mint March 2011 Coin Production: Glacier Quarter Mintages Revealed
Fewer and fewer American coins are getting minted this year for circulation, according to the latest coin production figures published by the United States Mint.
ose same figures reveal that the combined mintages for the Glacier National Park Quarter rank as the second scarcest in the America the Beautiful Quarters® series.
US Mint production in March retreated to 485.5 million coins, down from the [...]
Gold Declines 1%, Silver Falls 1.3%
Commodities were pounded Tuesday as weaker U.S. growth forecasts pushed oil futures down 3.3 percent and pressured gold and other precious metals prices.
June gold prices fell $14.50, or 1.0 percent, to settle at $1,453.60 an ounce on the Comex in New York. Gold ranged from $1,445.00 to $1,468.50 [...]
US Mint Sets Pricing for Hot Springs 5 oz Silver Uncirculated...
The US Mint on Tuesday said the pricing for the numismatic Hot Springs National Park 5 oz Silver Uncirculated Coin would be set at $279.95. The coin will launch on April 28.
The price is the preliminary amount to place on the other 2010 and 2011 America the Beautiful Silver Uncirculated Coins, although the Mint explicitly states its coin pricing is subject to change. Given the volatile and rapid rate of silver's climb in 2010 and 2011, it would seem chances for future price adjustments may [...]
Tuesday Kitcommentary – You Wanna Bet?
Precious metals trading opened on a firmer footing this morning following overnight dips to near recently formed price support areas.
The market's tenor was however on the nervous side as players eyed lingering profit-takers still in action and remained focused on the US dollar and oil values. Spot gold dealings started the Tuesday session with a minor, 90-cent loss per ounce, quoted at the $1,464.40 mark on the bid-side [...]
Historic Low Premiums on Pre-1933 U.S. Gold Coins, Advises Heritage
Heritage Auctions has issued a Client Advisory to its bidder-members recommending owners of gold bullion coins take action based on the current low premium prices for pre-1933 U.S. gold coins.
"Hundred-year-old U.S. eagles and double eagles can be bought right now for premiums as low as 8 to 12%, while common U.S. Eagles minted last week wholesale at about 3% over melt," said Jim Halperin, Co-Founder of Heritage. "Therefore, we're strongly encouraging our clients to take advantage of those numbers [...]
Gold Breaks String of Records, Silver Prices Set Fresh 31-Year High
U.S. gold rallied to an early record Monday but later retreated, breaking a string of four straight record closings.
Silver prices fell significantly from earlier highs but held just enough ground to settle at a fresh 31-year high. Profit-taking was among the factors analysts' cited in pressuring metals.
June gold prices lost $6.00, or 0.4 percent, to settle at $1,468.10 an ounce [...]
Gettysburg and Glacier America the Beautiful Silver Bullion Coins on Sale...
The United States Mint on April 25, 2011 will begin accepting orders for the first two 2011 America the Beautiful Silver Bullion Coins from its established network of Authorized Purchasers (APs).
Each will have a mintage of at least 126,500, which is 3.83 times the amount of the 2010-dated issues with their limited 33,000 per coin mintage.
The two silver bullion coins honor Gettysburg National Military Park in Pennsylvania and Glacier National Park in Montana. Their designs match [...]
Monday Kitcommentary – The 411 on 4.11.11
Silver remained the lone and curious standout in pre-opening market action and was still rising on inertia from last week's speculation-fueled nearly 9% gain. Analysts at UBS noted that "It takes a brave investor to buy silver right now."
Monday's precious metals trading opened with losses in three out of the four principal metals we track and with no change in rhodium. Gold fell $7.60 per ounce at the start of the first session of the week, touching the $1,467.40 mark as speculators [...]
Gold and Silver Streaks of Records and Highs Continue, Weekly Gains...
U.S. precious metals were on fire Friday. A weaker dollar and inflation were common catchwords attributed to advances.
The metals soared with weekly gains ranging between 2.0 and 7.6 percent. Gold marked its fourth straight day of record highs and silver registered its fifth consecutive day of fresh 31-year highs.
June gold prices advanced $14.80, or 1.0 percent, to end at [...]