Monthly Archives: November 2010
Gold, Silver, Metal Prices Commentary – November 8, 2010
Gold prices fluctuated in a relatively narrow overnight range of from $1,386 to $1,394 -- apparently unwilling to give up much of the post-QE2-induced premium but also apparently as yet unable to challenge and overcome the round figure at $1,400 basis spot prices.
Traders were seen buying back an apparently oversold greenback as the euro sank on the German economic news and as some players once again turned their attention to non-smiling Irish eyes this morning [...]
Gold Nears $1400, Weekly Silver Prices Rally 8.9%
Bullion prices soared for a second straight day Friday as gold hit a new record and closed $2.30 away from $1,400 an ounce. The yellow metal rose 3.0 percent this week as buying momentum surged on expectations that the Federal Reserve's new monetary policy will weaken the dollar and spur inflation [...]
2010 America the Beautiful Quarters Coin Sets Make Appearance
The United States Mint has unveiled images of the three new 2010 America the Beautiful Quarters Coin Sets which are scheduled for November 2010 releases.
The three new quarters coin sets will feature packaging reflecting the U.S. Mint's new logo and marketing style [...]
Gold, Silver, Metal Prices Commentary – November 5, 2010
On the day after the Fed offered a $600 billion 'freebie' and eight more months of party time to the world's carry dollar-carry trade, the who's who of the world of commodities gathered at the NY Stock Exchange to discuss the present conditions and future prospects for the world's markets in "stuff." [...]
2010 Silver Eagle Sales Soar to Annual Record
Contemplated by many, speculated by some and recently confirmed by the United States Mint, 2010 is now officially the record holder as the best year ever for American Silver Eagle bullion coins.
The most recent U.S. Mint sales figures as of Thursday place the total number of bullion Silver Eagle coin sales at 28,885,500. That amount exceeds the previous record set just last year by 119,000, a number that will continue to grow as the year still has nearly two full months remaining [...]
Bullion Prices Explode, Gold Tops $1380 and Silver Tops $26
U.S. bullion prices, commodities and stocks soared Thursday, a day after the Federal Reserve announced a monetary stimulus plan to boost the economy.
The U.S. dollar was driven lower in the wake of the news, throwing gold prices 3.4 percent higher, above $1,380 an ounce, and to a close that marked a new all-time high [...]
US Mint Sales: 2010 Proof Set Tops 800K Milestone
The latest U.S. Mint sales figures were mixed in terms of week-over-week gains. But several coin products hit notable milestones, like the 2010 Proof Set which topped 800,000.
The 2010 Proof Sets, which launched on July 22, 2010, were also the biggest movers in collector coins [...]
US Mint Provides Last Chance Opportunities for Coin Products
The United States Mint this week enabled its online "Last Opportunity" store page, providing last chance notices and ending sales dates for several coin products.
Two gold coins, two silver coins, a clad set and two medal sets are among the products that will go off sale in December [...]
Gold Prices Commentary for November 3, 2010
Special Edition: US Midterm Elections and the Fed Decision
As was largely expected (and already factored into asset valuations), the GOP took control of the US House of Representatives and gained Senate seats as well, in the wake of a midterm power shift not often seen in American politics. Yesterday, US voters voted in anger and out of rising frustration over (mainly) the state of the economy and several Democratic incumbents were replaced as a result. Big business cheered the outcome and will now be looking to Republican winners to block impending rules, taxation, and policies proposed by Mr. Obama's administration [...]
October 2010 Gold Eagle Bullion Coin Sales Rise for Second Month
U.S. Mint buyers purchased more ounces of American Gold Eagle bullion coins in October 2010 than the prior September, marking a second straight month of gains.
United States published coin sales figures show 91,000 ounces of the eagles were sold last month, up from the 88,000 in September and the 41,500 from August [...]