Monthly Archives: October 2010

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 [...]

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, 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 [...]

The United States Mint officially scheduled launch dates for brand new sets containing 2010 America the Beautiful Quarters™.

The U.S. Mint offered the sets through its subscription service beginning in May 2010, but had not announced when buyers could order them directly [...]

Precious metals prices attempted to recover during the nighttime hours following the sizeable selloff the markets endured yesterday. China's rate hike had profound effects on the commodity (and other) markets on Tuesday. Gold prices fell by almost 3% in their worst slump since July, while an equally steep decline took place in crude oil values [...]

Individual one-ounce 2010-W Gold Eagle Proof Coins are three-quarters on their way to a sell out. Potential buyers not only have that to consider, but also the possibility that Gold Eagle prices could increase on Wednesday.

The likelihood that the U.S. Mint would hike its prices on Wednesday seemed a foregone conclusion... until Tuesday, when the London gold Fix plunged $28.75 to $1,339 an ounce [...]

U.S. markets were pulverized Tuesday after China unexpectedly hiked interest rates.

The action boosted the U.S. dollar, which sank gold and silver futures prices by 2.6 percent.

Crude oil prices tumbled the most in eight months and below $80 a barrel while U.S. stocks posted their biggest loss in two months. The Dow fell 1.48 percent, the S&P 500 lost 1.59 percent, and the Nasdaq dropped 1.76 percent. [...]

For the first time in three years the People's Bank of China decided that the pace at which domestic inflation is has been running is sufficiently unacceptable to warrant an interest rate hike. Thus, the central bank increased its one-year deposit rate to 2.5% (a quarter-point adjustment) and raised its lending rate to 5.56% after learning that the country's inflation rate rose to 3.5% in August [...]