Monthly Archives: March 2011
Gold Extends Gains for Fifth Day, Silver Rises to $36.27
U.S. gold futures advanced Tuesday for a fifth straight day, but the 0.1 percent gain was the weakest in the string of increases.
Silver marked its third consecutive day of gains, rising 0.7 percent. Other precious metals declined slightly.
April gold prices ended up $1.20 to $1,427.60 an ounce [...]
Austrian Mint Issues Robotics Silver and Niobium Bimetallic Coin
The Austrian Mint has issued the 2011 edition of its highly sought after niobium and silver bimetallic coin, this year featuring Robotics.
Robotics is no longer science fiction but an integral part of our daily lives. Almost every aspect of our modern lives has been touched by Robotics from simple tasks such as vacuuming, or pool cleaning to precision manufacturing or voice controls in cars, protecting soldiers in the field and exploration of outer space, to name but a few [...]
Gold Rallies for Fourth Day, Silver Returns to $36
U.S. gold futures rallied for a fourth straight day on Monday, hitting its highest price in more than a week as it climbed 0.7 percent.
Silver was the best performing precious metal, returning to $36 an ounce as it jumped 2.7 percent.
April gold prices rose $10.30 to close at $1,426.40 an ounce on the Comex in New York. Gold prices traded at a low of [...]
Canadian Mint Issues Spring 2011 Collector Coins
The Royal Canadian Mint is heralding the return of spring with a parade of coins showcasing Canada's unique ties to royalty and its profound attachment to its natural and cultural heritage.
These appealing new coins include: the new $15 Sterling Silver Continuity of the Crown series; a $3 Fine Silver "Family Scene" coin; the Orca Whale coin from the $3 Sterling Silver Gold-Plated Wildlife Conservation Series; the "Barn Swallow" from the 25-Cent Coloured Birds of Canada series; the Elk Calf Young Wildlife Specimen Set and the classic 2011 50-Cent Circulation Coin Roll [...]
Monday Kitcommentary – Where There Is Smoke…
Monday morning's New York trading sessions opened with robust gains both in black and yellow gold as speculators continued to add a healthy dose of fear-based premium to both commodities, and as they sold the US dollar off some more in the process.
Spot gold dealings started the day off with a $12.20 per ounce climb to the $1,431.90 level and although resistance is thought to be looming overhead in the mid-1,430s, the bets being currently made by market participants allude to potential visits to the previous highs near [...]
Gold Nugget’s $460,000 Winning Bid Placed by Spectrum Numismatics International
The $460,000 winning bid for a headline-making, 100-ounce gold nugget was made by Spectrum Numismatics International of Irvine, California, a division of Spectrum Group International, at a public auction in Sacramento, California on March 16, 2011.
Nicknamed the "Washington Nugget" because it was discovered last year near Washington, California, it is believed to be the largest, verifiable California gold nugget still in existence. The auction on the eve of the [...]
Gold and Silver Prices Rise Friday, but Retreat on Week
U.S. gold and silver prices rose solidly Friday, but all precious metals registered weekly losses.
After starting the week with two sharp declines, the yellow metal put a string of gains together for three straight days. Although gold was just as volatile as other metals, it was least changed in percentage terms -- for the day and the week.
On Friday, April gold prices rose $11.90, or 0.8 percent, to end at [...]
US Mint Increases Prices for Three Silver Products
A review by the United States Mint on the pricing of its products containing silver is apparently complete, the end result of which is an increase in the price for three of its silver products.
The review was undertaken earlier this month when the silver market attained record levels not seen in thirty-one years -- at times reaching well over $36 an ounce.
The precious metal has been progressively rising for the most part since [...]
Supreme Court: ‘In God We Trust’ Motto Remains on Coins and...
The "In God We Trust" motto seen on American coins and currency survived another legal challenge brought about by those seeking its removal.
On Monday, March 7, the United States Supreme Court denied a petition to hear the matter on the inclusion of "In God We Trust" on American money, leaving a lower court's ruling in place stating it could remain [...]
Black Swan Dive – Friday Kitcommentary
Spot gold prices moved over a fairly broad $1,409 - $1,425 price range this morning, while spot silver quotes ran across a 75-cent price channel (from $34.69 to $35.44) and the white metal was also seen as being buffeted by volatility and nervousness. Resistance in gold extends from near the $1,425 level up to the $1435 area at the moment.
The solid gainers on the day were platinum and palladium, each of which recorded $18 rises (1 and 2 percent, respectively) and climbed to highs at [...]