Monthly Archives: July 2012
In The Lead – Super? Mario?
The final trading session of the week opened higher in metals as participants continued to bet that Mr. Draghi's words will translate into action and that the GDP numbers will be the final motivating factor for the Fed to take action next week.
Spot gold opened at $1,630 and silver at $27.79 on the bid-side. Platinum held above the $1,400 level with a gain of $12 to $1,413 and palladium advanced $5 to $575 per ounce [...]
Gold Hits Three-Week High, US 1 Oz Coins Rise
Gold advanced for a second session Thursday and closed to a more than three-week high at just above $1,615 an ounce.
Gains were supported by a weaker U.S. dollar as ECB President Mario Draghi said policy makers will do whatever was necessary to protect the euro zone [...]
2012 Lucky Loonie Coins Commemorate Canadian Olympic Athletes
Commemorating Canadian Olympic athletes, the Royal Canadian Mint released a new coin into public circulation, a 2012 $1 Lucky Loonie Circulation Coin. A limited edition collector 2012 $1 Lucky Loonie Silver Coin was also released.
Both Lucky Loonie coins sport similar reverse designs, a common loon spreading its wings in a territorial display as it ripples the water [...]
Gold Jumps Above $1600, Silver Eagle Coins Top 19M
Gold rallied Wednesday to close above $1,600 an ounce for the first time in nearly three weeks while snapping a two-day losing streak. Tailwinds from a weakened U.S. dollar lifted the yellow metal, as did renewed talk of more monetary easing in the U.S. and Europe.
Gold prices for August delivery advanced $31.90, or 2.0%, to $1,608.10 an ounce on the Comex in New York [...]
US Coin Sales: Numismatic American Eagles Near Milestones
Distracting summer activities combined with a lack of U.S. Mint product releases resulted in waning coin sales last week. No surprise there. On the horizon though, are possible milestones for several numismatic American Eagles.
Without the help of outside factors, like a reversal in precious metals prices, slowing U.S. coin sales will be the norm [...]
In The Lead – Your Mutti Should Know
Wednesday morning trading action lifted the precious metals a tad higher as speculators figured that the latest batch of economic data from the US, China, Germany, and the UK would convince one or more of the central banks involved to take stimulative monetary action sooner rather than later.
Such expectations yielded a bit of profit-taking in the US dollar and propped up metals prices to a certain extent, especially in gold and in [...]
Gold, Silver Down; American Gold Eagle Coins Rise
Gold edged lower for a second session Tuesday as gloomy euro zone economic factors propped the U.S. dollar which pressured gold and other precious metals prices.
Gold prices for August delivery shed $1.20, or 0.1%, to settle at $1,576.20 an ounce on the Comex in New York. Gold bracketed intraday prices of $1,567.80 and $1,584.00 [...]
2012-W Proof American Silver Eagle Coin Reduced by $5
2012-W Proof American Silver Eagles have yet to return from a re-pricing suspension, but they should soon. And at a lower price.
Collectors will pay $5 less per coin, the U.S. Mint states in a pricing notice that will appear tomorrow, July 25, in the Federal Register [...]
London 2012 UK 5 Oz Gold, Silver Proof Coins Available
The 2012 Summer Olympic and Paralympic Games are scheduled to commence in London, England on July 27, 2012. Minting facilities from around the world have released special commemorative coins as part of the celebration of the games with the UK Royal Mint most recently issuing London 2012 UK Five Ounce Proof Coins in both gold and silver [...]
Gold Declines in Week’s Start, US Silver Coins Jump
Gold retreated in its start to a new trading week, falling for the first time in three sessions. As debt woes widened for Spain and Greece, investors turned from gold and flocked to the safe-haven of choice, the U.S. dollar.
Gold prices for August delivery declined $5.40, or 0.3%, to $1,577.40 an ounce on the Comex in New York. Gold traded between an intraday low of [...]