Monthly Archives: February 2011
New Prince William and Kate Middleton Royal Engagement Coin Released
Pobjoy Mint is honoured to produce and release a commemorative coin from the Administration of the British Indian Ocean Territory celebrating the Royal Engagement.
It was on the 16th November 2010 following a great deal of public speculation that an announcement was made by Clarence House confirming that Prince William, oldest son of Prince Charles, the Prince of Wales had become engaged to his long time girl friend Miss Catherine Middleton [...]
Gold, Silver and Other Precious Metals Prices Rise
U.S. precious metals prices rose Thursday with gold and silver taking lead as each gained 1.6 percent.
Safe-haven demand and bargain-hunting were most often attributed for the gains in gold.
April gold prices finished up $20.90 to $1,353.00 an ounce on the [...]
PCGS Celebrates Quarter-Century Anniversary
Professional Coin Grading Service (www.PCGS.com) marked its 25th anniversary with PCGS leaders proudly looking back at a quarter-century filled with accomplishments and eagerly looking ahead to upcoming methods and plans for increasing consumer protection.
PCGS officials and PCGS Authorized Dealers gathered on February 2, 2011 for a celebration in Long Beach, California on the eve of the milestone anniversary date [...]
US Mint Sales: Gettysburg Quarters Appear, 2011 Proof Sets Top 300K
The latest series of US Mint sales figures include the opening performances of several recently issued products and a mini-milestone for the 2011 Proof Sets.
The 2011 Proof Sets now have nearly three full weeks under their sales belt since they were released on January 11. Buyers ordered 253,144 during the first six days. The following week they climbed 25,879. The US Mint reports their latest weekly increase at 21,784, which lifted the 2011 Proof Sets over the 300K barrier [...]
Inflation Jitters? Bring Your Vuvuzelas – Thursday Kitcommentary
Selling resumed in the precious metals complex overnight as the US dollar added to yesterday afternoon's gains and despite a fresh rise in crude oil, copper, and the commodities' complex overall.
In fact, during January -- a month when gold lost over 8% in value -- commodities turned in their best performance in over two years' time. Copper, rubber, and cotton recorded new all-time highs, and other raw materials did not do to poorly either [...]
Silver Eagle Hits 6.42M Monthly Sales Record in January 2011
American Silver Eagle bullion coins are off to an amazing start this year with January 2011 numbers shattering the all-time monthly record, according to the most recent figures released by the United States Mint.
In total, the US Mint recorded 6,422,000 of the one ounce Silver Eagles being ordered by its network of authorized purchasers during January. This easily surpassed the previous [...]
Hold Me Tight(er) – Wednesday Kitcommentary
More price weakness was manifest in spot gold trading as the midweek session's participants were confronted with a stronger US dollar, the apparent end of the 30-year+ Mubarak era in Egypt (amid other signs that the man is losing his grip on power: the Internet made a return to Egyptian computers following a five-day black-out), and the continuing string of quite decent news from the US economic front.
Following good consumer retail and strengthening manufacturing activity number, the ADP private employment report issued [...]
Gold Prices Edge Higher, Silver Gains for Third Day
U.S. bullion prices rose Tuesday as a weaker dollar supported gold but gains were limited to a modest 0.4 percent.
Demand for silver was stronger as it advanced 1.2 percent, capping a third straight day of increases. In terms of streaks, palladium is the winner. The metal rose just 0.4 percent for the day but that was enough to cement a fifth session of consecutive increases [...]
2011 Silver Proof Set Sales Start Slower
The 2011 Silver Proof Set started out of the sales gate slower than in past years, continuing a weakened trend of demand for United States Mint annual products.
Collectors ordered 209,367 sets -- a solid number nevertheless, between their release on Tuesday, January 25, through to Sunday, January 30. At a price tag of $67.95, which was $11 more than the [...]
Deficits. Of Truth – Tuesday Kitcommentary
January concluded with the tallying of gold's poorest "start" to a trading year, since...1997. Amid slumping prices (bullion fell by over 8% during the month) and a rising appetite for other, perhaps higher-yielding assets, gold balances in the largest gold-backed ETF decline by over 53 tonnes last month, making for the second-largest such loss in bar holdings since the investment vehicle was launched in late 2004.
On Monday, the trend towards lightening up on hitherto substantial gold positions continued, with global ETP products shedding [...]