Yearly Archives: 2011
Circling Hawks – Monday Kitcommentary
As of this writing, spot gold oscillated between the $1,406 and $1,417 posts -- but mainly around the $1,415 level that it also opened at. Silver advanced 56 cents to reach $33.96. Platinum dropped $2 to the $1,803 mark while palladium was able to rise $9 to the $798.00 per ounce bid quote.
No change was reported in rhodium this morning ($2,380.00 on the bid-side). The metals continued to look for guidance to come from crude oil and the dollar, while also taking note of the rising chorus of hawkish central banker talk [...]
“Et Tu Brute” Coin … And Money From Deepest Known Wreck...
A gold stater struck by Brutus, one of Julius Caesar's infamous assassins, together with two Spanish pieces-of-eight recovered from the world's deepest known wreck site, are among more than 250 coin lots in Time Line Auction's London sale scheduled for Friday, March 18th at the prestigious Swedenborg Hall, Bloomsbury, just around the corner from the British Museum [...]
Gold and Silver Edge Lower Friday, Cutting into Weekly Gains
U.S. gold prices retreated Friday, falling for the first time in two weeks and away from a seven-week high. Silver moved in step with the gold, but marked losses for a second straight day.
Both metals rose on the week, however, as gold advanced 1.5 percent and silver added 1.9 percent. As was the case last Friday [...]
Risk Roulette – Friday Kitcommentary
With Friday's price action in precious metals and crude oil was largely defined by repeated attempts to recover some of the sizeable damage that profit-takers inflicted upon them in after-hours trading.
Gold prices on the spot market gyrated quite violently (and in varying directions) this morning (the range was from $1,398 to $1,413) albeit the $1,400 mark was maintained for the time being [...]
Medal of Honor Commemorative Coins Released
The United States Mint today, February 25, 2011, released the 2011 Medal of Honor Gold and Silver Commemorative Coins.
They are available in collector proof and uncirculated qualities at introductory prices ranging from $49.95 to $449.95. The issues are the final series of commemorative coins to be released in 2011 [...]
Gold Extends Gains, Silver Dips Modestly
U.S. gold prices extended their gains Thursday, reaching another fresh seven-week high on the heels of rising turmoil in Libya. But silver was quiet and dipped below a 31-year high reached on Wednesday.
April gold prices edged up $1.80, or 0.1 percent, to $1,415.80 an ounce on the Comex in New York. Gold settled at its best price since January 3. It traded as [...]
Ceremony Rescheduled for 2011 Native American Dollars
The United States Mint has rescheduled the launch ceremony for the 2011 Native American Dollar. The release will take place on March 25, 2011.
The $1 coin was first scheduled to launch on January 12, 2011, at the Plimoth Plantation Henry Hornblower II Visitor Center in Plymouth, Massachusetts. Winter snowstorms forced its postponement [...]
Extraordinary $3 Gold Coin Set in PCGS Exhibit at ANA National...
The first-ever complete set of certified proof U.S. $3 gold coins will be publicly displayed for the first time anywhere at the Professional Coin Grading Service booth, #1101, during the American Numismatic Association's National Money Show™ in Sacramento, California, March 17 - 19, 2011.
"This unprecedented 36-coin set was assembled over the past six years by collector Tom Bender of Philadelphia, Pennsylvania and Palm Coast, Florida. Just a few weeks ago he obtained the final coins he needed, and this will be the first time an entire set of certified proof $3 gold has ever been publicly exhibited," said Don Willis, President of PCGS, a [...]
The Price(s) of Tyranny – Thursday Kitcommentary
Gold spot prices opened with a $6.40 per ounce gain on Thursday, and they were quoted at $1,418.10 on the bid-side.
Silver was off by 12 cents however, feeling the pressure of selling in the industrial and noble metals' niche (see below). Platinum was down $11 to $1,771.00 the ounce, while palladium suffered an equal-sized loss and was quoted at $766.00 per troy ounce [...]
US Mint Sales: Silver Eagles Top 9M, First Spouse Gold Coins...
Surging gold and silver prices appear to be helping several US Mint coin products, including bullion American Silver Eagles and collector First Spouse Gold Coins.
The latest US Mint sales figures show a near doubling of the weekly First Spouse Gold Coins totals, with 759 sold against 380 from the previous week. Four of the eight 24-karat gold coins enjoyed triple-digit gains [...]