Monthly Archives: September 2011

U.S. gold and silver prices extended losses as the metals pulled back 3.0 percent and 0.6 percent, respectively. Gold, after touching an intraday record high of $1,923.70 on Tuesday, reached as low as $1,793.80 an ounce on Wednesday, marking a $129 swing in prices.

December gold prices declined $55.70 to settle at $1,817.60 an ounce on the Comex in New York. SNB's decision to set an exchange rate cap of 1.20 between the Swiss franc and the euro remained one of the factors cited for losses in gold [...]

Gold lost nearly $60 in overnight trading action and it did so despite the US dollar retreating from the 76 mark on the trade-weighted index.

The yellow metal's decoupling from the US dollar and the emergence of a parallel trading syndrome between it and the greenback has been manifest in recent weeks as disoriented investors have sought protection from the maelstrom in various markets and regions around the globe [...]

As Baldwin's celebrated their 25th year of trading in the Orient bidders came out in force to ensure that this pinnacle auction was an outstanding success.

The one day sale achieved an amazing, $5,256,675 (including buyer's premium,) the highest total of any of Baldwin's sales in the Orient and a fitting result for our 51st auction.

"It is magnificent to have achieved such a fantastic result from this sale and the perfect outcome to our 51st auction and our celebration of 25 years in the Orient," Edward Baldwin, Baldwin's Chairman commented after the sale.

Held at The Holiday Inn Golden Mile in Kowloon, in conjunction with the [...]

Demand surged for American Gold Eagle Bullion Coins in August 2011. The Eagles' sales pace was the quickest since January, superior to the same period last year and more than doubled the level from July.

United States Mint authorized purchasers ordered 112,000 ounces of bullion Gold Eagles last month, making it the third best August ever for the series which debuted in 1986.

Available from the Mint in four sizes and in terms of the number of gold coins sold, the 22-karat bullion coins were split with sales of 103,500 for the one ounce [...]

U.S. gold prices settled modestly lower Tuesday after surging early to a new record on worries over euro zone debt and the weak U.S. economy.

"Given that gold has recently undergone a correction, followed by a decent consolidation and particularly as European sovereign concerns escalate once again, we feel the ingredients are in place for another impressive gold rally," Edel Tully, a London-based analyst at UBS AG, wrote in a report that was cited on Bloomberg. "The recent correction in gold gives investors confidence that a future rally will have a solid foundation."

In the December futures contract on the Comex in New York, gold prices retreated $3.60, or 0.2 percent, to $1,873.30 an ounce [...]

Bungee-jumping without a helmet held nothing over being a market participant last night in terms of the thrill of rebounds and the agony of freefalls.

Gold prices ran across a $64 price spectrum giving almost everyone their money's worth over the span of just a few intense hours. Whatever corrective action the recent drop to near $1,700 presented in terms of a developing trend was quickly forgotten during the past week and overnight. Quite the debut for the resumption of full participation by the trading crowd, one might add [...]

Bonhams is pleased to announce a stellar result for its September 4, 2011 auction of rare coins and medals. The sale brought more than $1.4 million over the Labor Day weekend.

Highlighting the holiday auction were gold coins from the Estate of Hellen and Charles Mapes, of Reno, NV. The eponymous Collection, once owned by the famed hotel and casino mogul Charles Mapes, included a rarely seen, high grade 1870-CC Liberty Double Eagle gold coin. This date and mint are well known to numismatists as the top Carson City rarity in the Liberty Double Eagle series. In fact, it is the rarest of all CC gold coinage [...]

American Eagle Silver bullion coins registered sales in August that continue to uphold the old adage of "records are made to be broken." United States Mint sales figures list the total number ordered by its network of authorized purchasers at 3,679,500 for the month of August 2011 -- a level higher than the same time a year ago, better than July, and lifts 2011 to the second best Silver Eagle sales year.

In the shattered record column, Silver Eagles hit a new all-time high in August sales, blasting past last year's August record of 2,451,000 by over 50% [...]

The ANA World's Fair of Money show in Chicago reached an impressive attendance of 9,113, which included 5,341 members and 3,772 public visitors.

The show, held from August 16-20, offered a record number of tables, according to the ANA. It also featured 45 exhibitors with 72 exhibits. 61 of them were given awards.

Press statements from the ANA follow about the attendance and exhibit awards [...]