Monthly Archives: October 2011
Gold, Silver Prices Rise Over 2% in Fourth-Quarter Start
U.S. gold and silver climbed over 2 percent Monday to start the fourth quarter higher after each registered contrasting performances in the third quarter.
"We have the start of a new quarter, and gold prices typically respond very well toward the end of the year because of seasonal demand. That has attracted a lot of investors today," said Phillip Streible, senior market strategist at futures broker MF Global, according to Reuters.
Gold prices advanced $35.40, or 2.2 percent, to $1,657.70 an ounce in the December futures contract on the [...]
“The Gold and Silver Minute” Radio Show Launched by Stuppler
"The Gold and Silver Minute," a new, daily radio program with up-to-the-minute news about the precious metals market has been launched by Barry Stuppler, President of Stuppler & Company in Woodland Hills, California and President of the California Coin and Bullion Merchants Association.
The informative and timely new program is broadcast each weekday at 5:06 p.m. Pacific time during afternoon drive time on one of the top-rated Southern California radio stations, KFWB News Talk 980 CBS Los Angeles, and is available around the world online at www.losangeles.cbslocal.com/station/kfwb-news-talk-980 [...]
COINS Act Would Eliminate Dollar Bill, Replace with $1 Coin
Members of the United States Congress are once again seeking a change to the status quo of the $1 coin. However, unlike other recent attempts to actually end or severely limit production of the coins, this newest piece of legislation would ramp up $1 coin production with the goal to eventually replace the paper dollar bill.
The Currency Optimization, Innovation and National Savings Act, or COINS Act, was introduced in the U.S. House of Representatives as H.R. 2977 on September 20, 2011 by Rep. David Schweikert of Arizona. Schweikert, a member of the House Financial Services Committee and the Subcommittee on Domestic Monetary Policy, introduced the COINS Act as a means to [...]
In The Lead – Go Tell The Spartans: We Don’t Buy...
Following its worst monthly performance in three years, gold enjoyed a successful attempt at starting the new one off on the right foot this morning. In various gold-oriented forums the "all-clear" signal has already been sounded and the declaration that the bottom (and a "V" shaped one, at that) has been put into place is plainly visible and audible.
However, reflecting the recent, four-week-long meltdown in prices, UBS analysts reduced their spot gold projected prices for the 3 and the 1-month average by 7.1 and by 9 percent respectively [...]
Gold Marks 12th Quarterly Gain, Silver Falls for Quarter, Silver Eagles...
U.S. gold prices rose modestly Friday, capping a 12th straight quarterly gain. Despite a sharp 11.4 percent drop in September, the yellow metal advanced 8.0 percent in third quarter 2011.
On Friday, gold prices climbed $5.00, or 0.3 percent, to settle at $1,622.30 an ounce in the December futures contract on the Comex in New York. Gold ranged from an intraday low of $1,607.80 to a high of $1,642.50 [...]