Monthly Archives: March 2012
Gold Prices Advance 6.7% on Quarter as Silver Soars 16.4%
Gold prices advanced Friday, snapping a three-session losing streak to log weekly and quarterly gains of 0.6% and 6.7%, respectively.
Gold did retreat 2.3% for the month but the pick-up on the quarter contrasts against a 3.4% loss in the fourth quarter of 2011 when a streak of 12 straight quarterly gains ended.
On Friday, June gold prices tacked on $17.00, or 1.0%, to $1,671.90 an ounce on the Comex in New York. Gold traded between an intraday low of $1,661.20 and a high of $1,672.70. For much of the week, the yellow metal traded opposite to the U.S. dollar [...]
US Mint Starts April with 1st 2012 Dollar Coin, 2nd 2012...
April is set to be the most active month so far this year for collector products issued by the United States Mint.
Kicking off the first week of the month are U.S. Mint products featuring the first 2012 Presidential dollar coin and the second 2012 America the Beautiful Quarter [...]
In The Lead – See PM Fundamentals as Seen By CPM...
The final precious metals trading session of this week started off on a mildly positive note as commodities overall firmed up and as the US dollar slipped to under the 79 pivot point on the trade-weighted index. Month and quarter-end book-squaring were seen as dominating the action for the remainder of the day but yesterday once again presented a headache for gold bulls who had become somewhat emboldened by certain words of Mr. Bernanke's earlier in the week.
The first quarter's performance tally shows gold being ahead by 4% since the first trading day of the year. Platinum, on the other hand, is some 17% higher than it was on January 3rd. A quick survey of equity indices indicates the [...]
2012 UK Gold Sovereigns Designed for Queen’s Diamond Jubilee
The Gold Sovereign from the UK Royal Mint is a popular coin among collectors with a history dating back hundreds of years. The last sixty of those have been under the reign of Queen Elizabeth II who is celebrating her Diamond Jubilee in 2012.
Acknowledging the importance that both coin and Queen hold in Britain, the Royal Mint has issued 2012 UK Gold Proof Sovereigns and 2012 UK Gold Brilliant Uncirculated Sovereigns which feature a new reverse design struck only for the Diamond Jubilee celebration [...]
Gold, Palladium and Platinum Dip while Silver Advances
Gold ended lower for a third straight session Thursday, moving in tandem with U.S. stocks and most other commodities as the U.S. dollar attracted investors in what was termed a risk-off day.
Now the most active contract, gold futures for June delivery settled down $5.60, or 0.3%, to $1,654.90 an ounce on the Comex in New York. Gold prices traded from an intraday low of $1,646.70 to a high of $1,666.90 [...]
Baldwin’s to Offer Bentley Collection of British Gold Sovereigns
In the year that Queen Elizabeth II celebrates her Diamond Jubilee Baldwin's are delighted to be selling at auction the most British of coin collections. Formed over 34 years by a private collector, the Bentley Collection is the ultimate collection of British gold Sovereigns and is sure to generate interest from collectors and investors alike.
The sale of the first part of this outstanding collection will be held on the 8th May in London and contains over 380 individual lots, all from the Royal Mint when it was based in London. Apart from the extremely rare 1819 Gold Sovereign, part one of the Bentley Collection contains at least one example of every single date issued for currency in the UK, as well as [...]
Stack’s Bowers, Ponterio to Offer 3,100+ Coin and Currency Lots in...
Stack's Bowers and Ponterio will present an exceptional selection of more than 3,100 lots of Chinese and East Asian coins and banknotes at The Mira Hong Kong, April 1-4, 2012, HKT.
The four-day auction event is estimated to realize more than $10 million USD and offers three catalogs spotlighting a multitude of collections and highlights including the Wa She Wong Collection, Part III, the Frank Robinson Collection, Part II, the Dr. John Abner Snell Collection, Duplicates from the American Numismatic Society Museum Collection, and several others [...]
Gold Falls 1.6%, Silver Declines 2.1%, US Mint Gold Coins Surge
Gold fell Wednesday for a second consecutive day as a stronger U.S. dollar made it and other precious metals less attractive.
April gold prices shed $27.00, or 1.6%, to settle at $1,657.90 an ounce on the Comex in New York. Gold touched intraday low and high prices of $1,654.00 and $1,684.50, respectively [...]
US Mint Sales: Coin Buying Slows As Collectors Await New Products
Collectors and investors are taking somewhat of a break in buying numismatic and bullion coins from the United States Mint, the latest sales figures from the bureau show.
The range of overall activity for collector products was down just a bit with 23 outperforming their prior weekly sales versus 24 from before and, more telling, demand for the more popular products declined significantly. First, take a look at the U.S. Mint's top-ten selling numismatic products [...]
In The Lead – See PM Tallies As Seen By CPM
The midweek trading session in New York opened with lower prices across the precious metals boards as crude oil slipped by a notable amount and as options expiry and month-end related trading book activities became visible...
Spot gold was down $9.60 at $1,671.00 per ounce while spot silver fell 24 cents to $32.35 the ounce. Gold is at a critical juncture on the technical charts as several averages converge at this point, near $1,680 per ounce. The $1,704 overhead resistance level (and eventual $1,730 target that such a development might portend) has not been challenged and [...]