Monthly Archives: February 2012
In The Lead – Cheers or Jeers?
Gold and silver prices headed lower this morning while platinum and palladium extended their Tuesday rally with fairly hefty additional gains.
Gold retreated towards the $1,750 area while silver fell back to near the $34 level as profit-takers moved in following yesterday's Sino-Euro-news-induced euphoria. Platinum vaulted to the $1,721 mark on the offer side and narrowed its gap with gold to $70 while palladium advanced $10 to rise to the $723 figure on the offered side of spot prices [...]
2012 Chinese Silver and Gold Panda Coins Available
Continuing a coin series dating back to the early 1980's, new Chinese Panda silver and gold commemorative coins have been issued by the Shenzhen Guobao Mint. The precious metal coins actually debuted late last year and feature a new reverse containing the image of a mother panda and her cub.
A total of ten different Panda coins have been issued for 2012, including seven struck from .999 fine gold and three composed from .999 fine silver. These coins are available [...]
Gold Rallies Nearly 2% as Silver Jumps $1.21, Bullion Silver Eagles...
Gold advanced 1.9% Tuesday after Greece secured a second bailout from the European Union.
"Gold gets a boost from the EU kicking the can down the road," Reuters quoted said Rob Kurzatkowski, senior commodity analyst at optionsXpress.
Gold prices jumped $32.60 to $1,758.50 an ounce in the April futures contract on the Comex in New York. The settlement price was [...]
In The Lead – Greek Drama And Icelandic Saga
Precious metals opened firmer across the board after a day of respite in New York on Monday. Gold traded around $1,745 showing a gain of about $12 while silver climbed a quarter dollar to near $33.90 per ounce.
The big mover on the day thus far was platinum, which added $32 to touch $1,680 on the offered side of spot quotes. The loss of more than 80,000 ounces of platinum production at Impala's Rustenburg mine is not going unnoticed in the relatively small PGM niche [...]
Titanic Centennial Commemorative Coins Issued by UK Royal Mint
The Royal Mint has released two commemorative coins marking the 100th anniversary of the maiden voyage of RMS Titanic, the White Star Line passenger liner that struck an iceberg in the north Atlantic Ocean resulting in the death of 1,517 of 2,223 passengers.
The two centennial commemoratives authorized by the Government of Alderney include a limited minted Titanic 100th Anniversary 2012 £5 Alderney Silver Proof Coin for £82.50 and a Titanic 100th Anniversary 2012 £5 Alderney Uncirculated Coin at a price of £12.99 [...]
Gold Flat on Week, American Silver Eagles Crawl as Silver Retreats
Gold was nearly unchanged this week as prices climbed a modest 60 cents following a loss of $15.00 last week. Other precious metals retreated for the week. And with silver's 1.2% loss, investors were less keen on American Silver Eagles as its weekly sales were handily the worst of the year.
As for gold, it garnered little to no support from a U.S. Labor Department report on Friday which showed that U.S. inflation rose 0.2% in January -- the largest increase since September [...]
America’s Founding Fathers 2012 Currency Set Release
The Bureau of Engraving and Printing (BEP) has announced its upcoming America's Founding Fathers 2012 Currency Set, featuring George Washington and Thomas Jefferson bills.
Each currency set has a Series 2009 $1 note with a portrait of George Washington and a Series 2003A $2 note with Thomas Jefferson's portrait. They are from the Federal Reserve Bank of Minneapolis with matching serial numbers that begin with "2012." [...]
In The Lead – As A Matter Of Facts (And Figures)…
Gold prices opened modestly higher this morning as market participants were seen closely tracking the latest Greek saga developments and various EU statements regarding the fate of the same.
The overnight rally ran out of momentum near the $1,735 level and book-squaring ahead of the weekend might keep further advances in check unless something meaningful (and market-positive) comes out in the news today. Spot bullion was indicated at $1,732 and showed a $3+ gain while silver was unchanged at $33.52 per ounce [...]
2012 Discover Australia Silver Proof Coins Released
Five newly released 2012 Discover Australia Silver Proof Coins are enabling enthusiasts a chance to discover the amazing scenery found within Australia as well as the animals that inhabit it. The Perth Mint coins depict a different creature of the country placed amidst a colored background of the distinctive regions they inhabit.
Each of this year's proof coins from the Discover Australia Series is limited to a maximum mintage of just 7,500. They are available individually or as part of a set which includes all five [...]
Gold Steady, Silver Dips 3.8 Cents and Palladium Prices Rally
Gold futures were nearly unchanged Thursday after spending most of the day lower until the U.S. dollar weakened.
By the day's end, gold prices added 30.0 cents to $1,728.40 an ounce in the April futures contract on the Comex in New York. The yellow metal moved between an intraday low of $1,706.70 and a high of $1,731.10.
Silver prices for March delivery edged down 3.8 cents, or 0.1%, to [...]