Yearly Archives: 2011
Oil [Price] Spill – Monday Kitcommentary
Precious metals trading got off to a flying start on Monday, with gold prices rallying by $11.10 per troy ounce, and they were initially quoted at $1,443.90 on the bid side of spot after having touched early highs at a new, $1,445.90 per ounce record.
Gold trading positioning continued to show a rise in open interest for the latest reporting period (ending on March 4) and the net speculative length in the yellow metal is at its most robust thus far in 2011. Gold ETF balances however continued to experience [...]
Silver Coin Values Explode to 31-Year Highs
U.S. silver prices on Friday soared to $35.33 an ounce, bringing silver coin values to 31-year highs in the process.
Silver rose nearly 84% last year, but it was down for most of 2011 until Middle East tensions sparked investor buying and lifted silver prices to new heights. The metal is already 14.2% higher this year and has doubled in price over the past 12 months [...]
Gold Prices Advance, Silver Jumps $1 and Tops $35
U.S. gold rebounded Friday, although prices fell short of the record high reached on Wednesday. Silver was on fire, jumping $1 on the day and closing above $35 an ounce for the first time since 1980.
Violence in Libya coupled with rising protests in other North African and Middle Eastern countries were pegged for gains in safe havens like gold and silver [...]
US Marshals Service Commemorative Coins in Gold, Silver and Clad Proposed
Newly introduced legislation would authorize the United States Mint to produce gold, silver and clad commemorative coins honoring the 225th anniversary of the establishment of the US Marshals Service.
The United States Marshals Service 225th Anniversary Commemorative Coin Act calls for a maximum of 100,000 $5 gold coins, 500,000 silver dollars and 750,000 clad half dollars to be minted and issued for the public in calendar year 2015. A limited number [...]
Take Two Coins and Call Me in the Morning – Friday...
Spot gold dealings opened with a $3.60 gain on Friday morning, and they were quoted at the $1,418.90 indication price.
Silver spot added 30 cents to open at the $34.53 level while platinum rose $3 to start the session off at the $1,828.00 mark per ounce.
Palladium dropped by an equivalent amount, to open at $810 the troy ounce, while rhodium remained unchanged once again, and [...]
Gold and Silver Prices Fall 1.5%
U.S. gold broke away from an all-time record while silver prices fell from their more than three-decade high. Each of the metals declined 1.5 percent on Thursday.
April gold prices fell $21.30 to settle at $1,416.40 an ounce on the Comex in New York. It ranged between $1,412.20 and $1,436.90. Gold closed at $1,437.70 on Wednesday, its best settlement ever [...]
US Mint Yosemite Quarter Three-Coin Set Available
The United States Mint on Thursday made available the Yosemite Quarter Three-Coin Set for $14.95, plus shipping and handling.
The set is the third release in the new series which debuted last year. It includes three Yosemite National Park Quarters, also the third issues in the United States Mint America the Beautiful Quarters® Program [...]
US Mint Sales: Several Presidential and Commemorative Coins Debut
The US Mint released seven products last week which included ten different coins. Rarely are so many offerings issued in such a short time span.
The US Mint sales figures this week include the debut performances of the four 2011 Medal of Honor Commemorative Coins, the 2011 Andrew Johnson Presidential Dollar rolls from Philadelphia and Denver, and the four-coin 2011 Presidential Dollar Proof Set [...]
An Edging in Hedging – Thursday Kitcommentary
The hitherto easy going in gold's climb to new records ran into a couple of difficulties overnight and this morning, as talk of a Hugo Chavez-brokered Libyan mediation plan and a couple of other important market impact factors prompted some profit-taking sellers to do just that and drag prices to just under current support levels...
The second news item to undermine gold's recent oil-driven rally was the fact that [...]
US Mint Numismatic Gold Coin Prices Raised
The gold average over the last week easily moved above the $1400 level and tipped the United States Mint's 24-karat gold coin pricing scale as it raised prices on all First Spouse Gold Coins and the American Buffalo Gold Proof Coin.
The US Mint can adjust its numismatic gold coin prices weekly, but gold has to move into a new [...]