Monthly Archives: March 2011
Gold Returns Above $1400, Silver Dips
U.S. gold prices climbed for a second day and returned to above $1,400 an ounce on Thursday, but silver failed to extend its gains from Wednesday and reached as low as $33.64 an ounce.
April gold prices added $8.10, or 0.6 percent, to settle at $1,404.20 an ounce on the Comex in New York. Gold had not closed above $1,400 since Monday. It traded as low as [...]
US Mint Releases 2011 America the Beautiful Quarters Proof Set
The United States Mint made the 2011 America the Beautiful Quarters Proof Set available today, March 17, 2011 at noon ET for $14.95, plus shipping and handling.
The annual set is priced exactly the same as the 2010 and 2009 releases, although the 2009 set did contain an extra quarter. The 2011 proof set contains five quarter-dollars, each with unique reverse designs to honor national sites of the United States [...]
Stimulation Acclamation – Thursday Kitcommentary
Precious metals prices opened amid mixed price trends this morning, reflecting on-going uncertainty and unease in all markets in the wake of the emergent Japanese nuclear plant crisis. Spot gold dealings got off to a rocky start, despite a sizeable slide in the US dollar on the trade-weighted index overnight.
The fact that gold was struggling just to maintain the $1,400 level at a time when -- given such epic crisis events -- it would have been expected to be challenging price targets fully $100 higher, did not [...]
2011 Gold Buffalo Bullion Coin Debuts
The United States Mint on Monday began selling the 2011 American Gold Buffalo Bullion Coin to its network of Authorized Purchasers (AP's).
The investment-grade coins entered the market during a time investors have been dumping stocks and commodities following the earthquake and nuclear crisis in Japan, making spectacular opening sales for the Buffalo pieces unlikely. That was in fact the case [...]
NGC Creates Special Label for Coins in Book: 100 Greatest U.S....
Numismatic Guaranty Corporation (NGC) has announced that they have created a special presentation label for coins featured in the book 100 Greatest U.S. Modern Coins.
This newly released book ranks the most important U.S. coins issued from 1964 to date. The attractive black and tan NGC label boldly shows a coin's rank adjacent to [...]
Gold Prices Rebound… Slightly, Silver Rises 1%
U.S. gold prices rebounded 0.2 percent Wednesday after having plunged 2.3 percent during the previous session. Silver enjoyed a healthier 1 percent increase after having plummeted 4.8 percent.
April gold prices rose $3.30 to end at $1,396.10 an ounce on the Comex in New York. Gold ranged between [...]
US Mint Sales: Collector Products Take Break, Investor Bullion Coins Improve
Coin collectors appear to have taken a spring break vacation as buying activity for American numismatic coins and sets retreated, according to the latest US Mint sales figures.
Several US Mint products actually declined from their previous tallies, indicating a batch of customer returns, cancellations or accounting updates [...]
Faith, Hope, and Charity – Wednesday Kitcommentary
The midweek spot market precious metals dealings opened to the upside in New York. Gold trading opened with a $7.80 per ounce gain, and the yellow metal was quoted at $1,403.50 as of 8:20 AM in New York.
Bullion has frustrated the bulls in a major way since Friday, as a maelstrom of "perfect storm" conditions failed to lift it to new records and the metal headed much lower instead.
Silver began today's trading session with a 41-cent rise, to the $34.67 per ounce mark. The same thing can [...]
Gold Prices Dive Below $1400, Silver Melts
U.S. gold prices dived below $1,400 an ounce and nearly $2 of silver's previous gains melted away Tuesday as the crisis in Japan fueled a global selloff in commodities and stocks. The two precious metals fell the most since January 4 with respective losses of 2.3 and 4.8 percent.
April gold prices declined $32.10 to settle at $1,392.80 an ounce on the Comex in New York. Gold was traded [...]
2011 $2 Single Note Collection Released by BEP
The Bureau of Engraving and Printing (BEP) on Tuesday released its 2011 $2 Single Note Collection which includes a total of nine banknotes.
An opportunity to purchase three other extremely limited 2011 $2 single notes was limited to chance and for those who placed an order for the collection during a pre-release period of March 1-14, 2011.
Money collectors can order notes from the Federal Reserve Banks of [...]