Monthly Archives: September 2012
In The Lead – How Sweet Is IT?
Precious metals prices headed a bit lower at the opening this morning, mainly on the back of light profit-taking that ensued after the euro retreated and the US dollar rose owing to apprehensions about Europe and Asia.
Some Japanese firms stopped their production activity in China after violent anti-Japan protests took place during the weekend. The protests came in the wake of Japan's nationalizing of a group of disputed islets in the East China Sea [...]
Gold Prices Add 1.9% on Week as Silver Gains 2.9%, US...
Gold maintained a seven-month high Friday after the Fed-fueled rally on the previous day made it possible for the yellow metal to advance for a fourth straight week.
Gold prices for December delivery rose 60.0 cents to $1,772.70 an ounce on the Comex in New York, its best settlement price since February 28. Gold traded as high as $1,780.20 an ounce. For the week, gold prices gained $32.20 or 1.9% [...]
Harrison $1 Coin Cover, Daw Aung San Suu Kyi Medals in...
The United States Mint kicks off September's third week with a Presidential $1 Coin Cover honoring Benjamin Harrison and bronze medals to commemorate Daw Aung San Suu Kyi.
Tuesday, September 18, the Benjamin Harrison Presidential $1 Coin Cover will launch after more than a month following the release of the $1 coin in rolls, bags and boxes [...]
Lions Clubs Commemorative Coin Act Likely to Become Law
Silver dollars commemorating the 100th Anniversary of Lions Club International are likely in 2017 following the passage of a bill in the United States House of Representatives.
The Lions Clubs International Century of Service Commemorative Coin Act, H.R. 2139, passed in the U.S. House on Monday, September 10, 2012. Introduced by Congressman Peter Roskam (R-IL6) back on June 3, 2011, H.R. 2139 was later amended to require that minting and issuing the coins would not result in any net cost to the U.S. government [...]
In The Lead – QE = Questionable Easing?
Gold and silver opened marginally lower this morning while platinum and palladium continued to add to Thursday's gains. Spot gold traded near $1,766 and spot silver near $34.50 as the New York session opened for the final day of the trading week.
Here is a quick reminder of how not to get carried away with Fed announcement-related gold price pattern days. There are good days and not-so-good days that follow FOMC statements, but when [...]
Gold Hits 7-Month High Atop $1,770 while Silver Rallies 4.5%
Gold surged to a seven-month high Thursday after the Fed announced that it has embarked on a third round of quantitative easing, nicknamed QE3.
Gold prices for December delivery advanced $38.40, or 2.2%, to close at $1,772.10 an ounce on the Comex in New York. Gold reached as high as $1,775.00. The settlement price was the highest for the yellow metal since its closing at $1,788.40 an ounce on February 28 [...]
US Mint Sales: Gold, Silver Coins and Debuting Products Impress
Spotlighted in the latest U.S. Mint sales figures are two debuting products that competed with buyer's extra attention on gold and silver coins due to rallying precious metals prices.
In gold coins, all 2012-W Proof American Gold Eagle products jumped. 1,459 Gold Eagles sold compared to 719 previously. Sales of [...]
Gold Dips Slightly, Platinum Prices Spike 2.7%
Gold dipped modestly Wednesday with profit-taking cited as the major catalyst.
Platinum and palladium each advanced for an eighth straight session. Platinum prices for October delivery soared $42.60, or 2.7%, to $1,649.60 an ounce. Platinum ranged from $1,603.50 to $1,659.50. Strike fears were attributed to the gains [...]
2012 First Spouse Gold Coins Delayed, US Mint Announces
Stating the obvious, there has been a delay in the release of the 2012 First Spouse Gold Coins. Normally by this time of year, three of the four one-half ounce, 24-karat gold coins would have been issued.
On Tuesday, September 11, 2012, the U.S. Mint published the following message on the home page of its online store, the First Spouse Gold Coin sales area and on its product schedule page [...]
US Numismatic Platinum and Gold Coin Price Increases Expected
United States Mint pricing for its numismatic platinum or gold coins have been raised three times since early August. Another round of increases is expected on Wednesday, September 12, 2012.
Based on projections, the U.S. Mint by noon ET is likely to increase prices on the following numismatic products [...]