Yearly Archives: 2012
In The Lead – Aux Armes, Citoyens!
Spot gold bullion traded at lows near the $1,635 level in Sunday night trading, while the news from Paris also engendered bid-side quotes at near $29.90 for silver.
Considering the fact that the second largest economy in the EU has just been handed over to Socialist control (for the first time in 17 years), and that the advent of Mr. Hollande's tenure is likely to give rise to deeper rifts with previously stated German economic and budget deficit policies, the damage to the euro was relatively contained [...]
Gold Drops 1.2% for Week as Silver Falls 3.1%, US Gold...
Gold rose Friday, snapping a string of four straight daily losses. Gains followed the release of disappointing U.S. jobs data which was said to improve the prospects of additional Fed stimulus.
But the gain on Friday failed to bring gold into the black for the week, although it dropped the least of the precious metals. Across the group, weekly losses included 1.2% for gold, 3.1% for silver, 2.5% for platinum and 4.3% for palladium [...]
US Mint to Launch Popular Proof Set in Week of May...
Only one new item is scheduled to launch next week, and it is the United States Mint's top numismatic seller.
On Monday, May 7, 2012, the 2012 United States Mint Proof Set® will go on sale for $31.95. The set, most will simply refer to as the "2012 Proof Set," will contain collector versions of all 14 of this year's American coinage, including [...]
In The Lead – Payrolls Payoff
Precious metals underwent a mini-meltdown on Thursday and approached key support levels once again despite an only modest gain in the US dollar on the trade-weighted index.
We could call yesterday a "sell everything" or "risk-off" kind of day all we would like to; the reality is that the relatively weak economic data coming from the US economy failed to undermine the greenback, it failed to make more than a 62-point dent in the Dow, and it certainly failed to ignite fresh QE3 hopes and lift gold and other precious metals at all [...]
Paul Zapantis of Massachusetts Wins 2012 PNG Young Numismatist Scholarship
A college student who started collecting coins as a young child when "the tooth fairy" left Morgan silver dollars under his pillow is the winner of the 2012 Professional Numismatists Guild (www.PNGdealers.com) Young Numismatist Scholarship.
A National Honor Society member, Zapantis was President of both his senior class and the student council when he graduated from Clinton High School in 2009. He just completed his junior year at Worcester State University, and says he's now looking forward to learning about coin grading at the ANA Summer Seminar [...]
US Mint Sales: Dollar and Quarter Products Debut, Gold Coins Higher
Three debuting collector products and cheaper prices for gold coins helped spur sales, based on the latest sales figures from the United States Mint.
42 collector products improved over their prior weekly sales as compared to 26 out-performers in the previous sales report, and unit sales spiked as a result of the introduction of the 2012 Presidential $1 Coin Proof Sets, 2012 America the Beautiful Quarters Uncirculated Sets and 2012 Native American $1 Coins [...]
American Eagle Silver, Gold Bullion Coin Sales Slide in April
Demand tumbled last month for American Eagle silver and gold bullion coins, according to April sales figures reported by the United States Mint.
The pace was down from the previous month and a year ago, with 22-karat American Eagle Gold coin sales in April notably the weakest for a month since June 2008 [...]
Gold Prices Retreat 0.5% as Silver Declines 0.9%
Gold prices declined Wednesday, marking a third straight session of losses that have accumulated to nearly $11.
Gold retreated as the U.S. dollar strengthened despite a report on private-sector U.S. jobs which fell short of expectations. ADP said businesses added only 119,000 jobs in April -- the smallest gain in seven months and much lower than the revised total of 201,000 in March [...]
In The Lead – The Internal Sunshine of The Fed’s Mind
Gold had a fairly "lively" session on the first day of May and it offered (perhaps unwanted) thrills to both the bulls and the bears within a span of just a few hours. Spot quotes ranged from highs near $1,672 to lows under $1,660 before and after the coffee-break hour.
Elliott Wave updates issued late Monday offered up the possibility that gold might be in the midst of a bounce that might conceivably carry it to near the [...]
US Mint Commemorative, Gold Coins Poised for Price Increases
Based on the recent upward trend in the gold market compared to nearly one week ago, price increases for U.S. Mint numismatic gold coins are possible. (Jump to table of likely coin prices.)
Basically, if the London gold PM Fix is $1,650.00 or higher on Wednesday, then prices will rise for commemorative gold and other numismatic gold coins that are produced by the U.S. Mint [...]