Friday, March 29, 2024
2011 May

Monthly Archives: May 2011

Gold Prices Dip 1.3% in May, Silver Plummets 21.2%

1

Fine Gold BarsU.S. gold prices edged 50 cents lower Tuesday, adding to its May losses. Silver rallied above $38 an ounce on the day, but gave away more than $10 in value during the month.

In fact, all precious metals declined in May. Silver led, dropping 21.1 percent. Other metals retreated at a slower pace with registered losses of 1.3 percent for gold, 1.7 percent for platinum and 1.4 percent for palladium [...]

Silver Eagle Bullion Coins Issued from San Francisco

4
2011 American Silver Eagle Bullion Coin
2011 American Silver Eagle Bullion Coin

The United States Mint on Tuesday began fulfilling orders for 2011 American Silver Eagle Bullion Coins from its facility in San Francisco, CA, in addition those minted at its West Point facility in NY.

Since their introduction in 1986, the American Silver Eagle has become one of the world's most recognizable and best selling silver coins. The bullion issues have been produced at various U.S. Mint locations over the years, but for more than a decade they had been struck only in West Point [...]

In the Lead – Pop-Pop, Fizz-Fizz…

Bullion BarsThe month of May was not very kind to the commodities' sector, as it is beginning to now become clear. The longest bull-run in the asset class since the heady days of 1980 was truncated by a drop of more than 7 percent in the S&P Goldman Sachs Continuous Commodity Index of 24 raw materials.

Silver prices led the decline towards lower levels, however a host of other commodities also experienced large-scale sell-offs as funds exited the hitherto rather "frothy" niche. [...]

Marine Corps Aviation Commemorative Coins Proposed

1

2005 Marine Corps Commemorative CoinsLegislation has been proposed in the United States House of Representatives that would authorize the United States Mint to strike up to 100,000 $10 gold coins in 2015 honoring the 100th Anniversary of the birth of Marine Corps Aviation.

Titled the Marine Corps Aviation Centennial Commemorative Coin Act, the bill was introduced by Rep. John Kline of Minnesota as H.R. 1621. It seeks to commemorate the establishment of the first Marine Corps Aviation company which was authorized by the Commandant of the Marine Corps in 1915 [...]

Gold Ends Week at Best Price Since May 3, Silver Surges...

0

Fine Gold BarsU.S. precious metals rose Friday and posted sizable weekly gains. The metals were supported by a weaker U.S. dollar and ongoing concerns over euro-zone sovereign debt which prompted safe-haven buying.

In weekly gains, silver led the precious metals at 7.9 percent, followed by palladium at 3.6 percent, gold at 1.9 percent and platinum at 1.7 percent. The increases were markedly higher than last week, with the exception of palladium which had shot up 4.1 percent. [...]

2011 Proof American Platinum Eagle Coin Available

5

2011 Proof American Platinum Eagle CoinThe 2011 Proof American Platinum Eagle Coin was released Thursday, May 26, for an opening price of $2,092.00. Now the question is, how long will it take for the United States Mint to sell all 15,000 of them, assuming it will indeed sell out.

In 2009 and 2010, collectors jumped at their chance to get the newly designed coins, and each sold out in about a week. Of course back then the United States Mint launched them later in the year, struck fewer of them, and sold them for much less [...]

Gold Ends Winning Streak, Silver Retreats 0.8%

0

Fine Gold BarsU.S gold futures prices edged lower Thursday for the first time in five sessions. The yellow metal, along with silver, pulled back on profit-taking and corrective easing. Gold lost 0.3 percent while silver declined 0.8 percent. Platinum edged lower as well, falling 0.1 percent. Palladium bucked the trend, rising a solid 1.3 percent.

June gold prices declined $3.90 to close at $1,522.80 an ounce on the Comex in New York. Gold touched an [...]

In the Lead – Back On The Roller-Coaster

Bullion BarsA larger than nine percent reversal in the price of silver overnight helped drag the entire precious metals complex to lower price ground as the new trading day dawned on Thursday. Proving once again that it is little more than investment nitroglycerine, the white metal turned away from the high of $39.01 seen just hours prior to the start of trading this morning and fell to lows just above the $36.00 mark as sellers made an aggressive exit from the niche and likely took some sizeable profits in the process [...]

US Mint Sales: Grant $1s; Yellowstone, Olympic 5 Oz Silver Coins...

8

Yellowstone National Park Silver Uncirculated CoinSeveral products prominently appear for the first time in the latest weekly sales figures released by the United States Mint. Two of them share the same size, the collector Yellowstone National Park 5-Ounce Silver Uncirculated Coin and the investor Olympic National Park 5-Ounce Silver Bullion Coin.

The collector Yellowstone silver uncirculated coin launched Tuesday, May 17. First day sales reached 18,143, or 67.2 percent of their 27,000 maximum. The United States Mint indicated 24,626 were sold as of Sunday, leaving 2,374 remaining. It took two weeks for the debuting Hot Springs National Park 5-Ounce Silver Uncirculated Coin to sell out. It appears the Yellowstone 5-ouncer will soon join it. [...]

Gold Rises for Fourth Day, Silver Prices Rally 4.2%

0

Fine Gold BarsU.S gold rose modestly Wednesday and for a fourth straight day as euro zone debt concerns continued to aid safe-haven investments like gold. Silver was the biggest winner in precious metals. It rallied 4.2 percent, marking two straight days of sharp gains.

June gold prices edged up $3.40, or 0.2 percent, to $1,526.70 an ounce on the Comex in New York. Gold prices traded [...]