Yearly Archives: 2010
Gold, Silver, Metal Prices Commentary – October 25, 2010
Even as they pledged to refrain from further weakening their respective currencies, finance ministers from the Group of 20 exhibited plenty of sour expressions when it came to the post-meeting photo-ops. Thus, while the essence of the communiqué serves as a tension-reducer, the indirect criticisms that were leveled upon Mr. Bernanke's Fed were hard to miss [...]
Gold and Silver Prices Slide for First Time in Six Weeks
Gold and silver prices declined on Friday, cementing their first losing week in six as the U.S. dollar posted its first weekly increase in the same timeframe. Platinum fell as well, but palladium edged higher and will shoot for seven consecutive weekly gains before the end of October [...]
Gold Coin Buying Advice and Scam Victim Resources
What do you do when a gold seller fails to deliver or the merchandise you received was not as described when you ordered it? Who can you contact for help when you don't receive payment for gold you've submitted to sell?
In two recent cases, "Howard" in Mississippi wired $20,000 several months ago to a California coin and bullion dealer to purchase gold coins, and [...]
Gold, Silver, Metal Prices Commentary – October 22, 2010
More losses were on tap for precious metals overnight with gold prices touching lows near $1,315.00 and silver falling to a $22.82 low before some rebounds were noted in the pair.
As things stand at the moment, gold is headed for its worst (and first in six) weekly drop (of nearly $70) since July based profit-taking engendered by little more than pre-Seoul nervousness and more, early second-guessing, ahead of the Fed meeting in early November. Or, is it? [...]
2010 Gold Coin Features Archangel Michael Slaying Dragon
Every Christmas the Isle of Man releases a special 1/20 oz Gold Angel of which only a limited number are struck. The privy mark on its reverse reflects the 12 Days of Christmas theme, which make the Angel Coin unique. This year the 2010 Christmas Angel gold design features both traditional and new design elements [...]
Gold Falls, Silver Plummets 3%
Gold and silver prices on Thursday were hit hard for a second time this week.
A stronger dollar and profit taking were among the cited reasons for a 1.4 percent decline in the yellow metal. Silver experienced its biggest lost in nearly three months, dropping 3 percent -- the most of the precious metals [...]
Sedwick Shipwreck Treasure and World Coin Auction Commences
Daniel Frank Sedwick, LLC announces the release of their Treasure and World Coin Auction #8, held from October 21 to October 23, 2010, comprising 2789 lots, by far their largest sale to date.
For the first time Sedwick has incorporated "World Coins" into the title, as the auction features almost 1000 lots of general world coins. Says Sedwick: [...]
US Mint Sales: Gold and Silver Coins Slow
Coins left U.S. Mint inventories slower. Only a handful of products peaked over their previous weekly gains, according to the latest coin sales figures from the United States Mint.
The 2009 Quarters Silver Proof Sets stood taller for a second straight week, rising 1,762 against 1,070. The set remains the best Mint bargain considering it is priced at $29.95 and includes over an ounce of silver worth $26 at a silver spot of $24 [...]
Gold, Silver, Metal Prices Commentary – October 21, 2010
A day ahead of the start of the G-20 meeting in Seoul, many a market acted as if the outcome of said summit was a foregone conclusion -- namely, that despite attempts to show that efforts are being made to avert a true currency war, the various leaders will most likely only produce a communique that reiterates their commitment to 'rebalance' that which is heading into imbalance at this time [...]
Gold and Silver Prices Rebound Slightly After Trouncing
Gold, silver and other commodities rebounded Wednesday as investors brushed off China's surprise rate hike which rattled the markets on Tuesday.
As the dollar posted its worst day in more than three months, gold advanced 0.6 percent to reclaim a small portion of its 2.6 percent prior day loss. Platinum rose 0.6 percent as well, while silver gained 0.4 percent and palladium rallied 2.1 percent [...]