Monthly Archives: January 2012
Gold Prices Jump 11.1% in January Gain, Silver Surges 19.2%
Gold prices edged modestly higher Tuesday, capping a January gain of 11.1% and contrasting starkly against the 10.5% meltdown seen during December -- although gold still closed 10.2% higher in 2011.
"There's been a lot of money put to work here during January. Gold was at the beginning of the year one of the few commodities that everyone felt would be a good performer and people have been investing accordingly," Reuters quoted Ole Hansen, senior manager at Saxo bank.
In ending the month of January, gold prices tacked on $6.00, or 0.3%, to $1,740.40 an ounce in the [...]
Prices for US Numismatic Gold and Platinum Coins Set to Rise
Prices for United States Mint numismatic gold and platinum coins are poised for increases Wednesday, based on trending prices of the precious metals they contain.
Unless strong reversals in precious metals appear rapidly, the U.S. Mint will raise prices on eight of its First Spouse Gold Coins, three of its numismatic American Gold Eagle products, its proof American Gold Buffalo and its proof American Platinum Eagle coin [...]
Prices and Sets Revealed for 2012 Commemorative Coins
The United States Mint on Thursday revealed pricing for the upcoming 2012 commemorative coins on the Federal Register, the official source for notices by government agencies. In addition to prices, the Mint also indicated that it will offer special sets featuring the coins.
With a scheduled launch date of February 16, the Infantry Soldier Silver Dollar will start out with a price of $54.95 for the proof and $49.95 for the uncirculated. As introductory prices, their regular levels will go up [...]
Gold Dips Slightly, Bullion Silver Eagles Top 6 Million
Gold prices fell modestly Monday as the U.S. dollar emerged stronger, triggering a bit of profit-taking following sharp gains last week.
Gold prices edged down $1.00, or 0.1%, to $1,734.40 an ounce in the April futures contract on the Comex in New York. Gold traded between an intraday low of [...]
19th Century Coins Anchor February Heritage Long Beach Auction
A variety of 19th century rarities -- from an 1808 quarter eagle to an 1839-O branch mint proof half dollar and a historic1860 Mormon five dollar coin -- highlight Heritage Auctions' Feb. 2-5, 2012 Long Beach U.S. Coins Signature® Auction.
The Heritage Long Beach event also features a Currency Signature® Auction, on Feb. 3, with a beautiful and valuable Fr. 1219e $1000 1907 Gold Certificate PMG Choice Uncirculated 64 and an exceptional Fr. 168 $100 1869 Legal Tender PCGS Extremely Fine 45 leading the offerings [...]
In The Lead – Graeco-Teutonic Wrestling
The enthusiasm that helped propel gold to a seven-week high late last week and pushed the US dollar lower as investors embraced risk was dealt a bit of a setback this morning. The CFTC reported that hedge funds augmented their bullish bets on commodities to the highest level in sixty days in the wake of the Fed's indication that it might extend low interest rates into 2014.
However, after the Fed effect wore off and after Europe showed that all is not yet well, the "risk-off" sentiment appeared to define the start of the trading week and it helped drag European bank shares lower along with crude oil and base metals as well [...]
Gold Up 4.1% in Weekly Gain as Silver Rises 6.7%, but...
Gold prices advanced in four of five days this week. Three were surging increases which propelled the yellow metal to its best weekly pick-up of the year with a gain of $68.20, or 4.1%.
Gold settled mildly higher Friday to extend a winning streak that began on Wednesday when the Federal Reserve pledged to keep ultra-low interest rates until late 2014.
In closing the week, gold prices edged up $5.50, or 0.3%, to $1,732.20 an ounce in the February futures contract [...]
Revolutionary War and War of 1812 Battlefields Commemorative Coins Proposed Again
Newly re-introduced legislation in the House of Representatives would commemorate the battlefields of the Revolutionary War and the War of 1812 with up to 300,000 $5 gold coins, 1 million silver dollars and 2 million half dollars.
Proposed in one form or another in successive sessions of Congress since 2004, Rep. Rush Holt [D-NJ12] intends to give another shot at passage with a fifth version of the Revolutionary War and War of 1812 Battlefields Commemorative Coin Act. The Act, numbered H.R. 3818, was repackaged by adding the year 2012 and presented to the House for consideration on January 24, 2012 [...]
In The Lead – Captain [Credit] Crunch
Precious metals -- with the exception of palladium -- opened mildly higher this morning in New York as players awaited US GDP and consumer sentiment data with a degree of caution and as profit-takers stood by to possibly pull the trigger on certain assets following recent spikes. Spot gold started the final session of the week $3.50 higher at $1,724 per ounce while spot silver climbed 20 cents to $33.65 on the bid-side.
Support levels in the yellow metal are at $1,707 and at $1,691 while overhead resistance looms at $1,736 and $1,744 per ounce. In silver, the barriers to overcome on the upside remain neat $34 per ounce [...]
Gold Drives to 7-Week High while Silver Jumps 1.9%
Gold rallied to a seven-week high Thursday as follow-through buying remained strong from soaring prices on Wednesday that resulted from the Fed's decision to keep interest rates near zero through late 2014. The U.S. dollar has been pounded by the news which has also supported gold, opined analysts.
Gold prices tacked on $26.60, or 1.6%, to $1,726.60 an ounce in the February futures contract on the Comex in New York [...]