Gold Rises 0.7%, Silver Prices Rally 5.4%
Gold advanced Thursday for a second straight day while silver prices soared to above $32 an ounce as U.S. stocks and commodities rallied.
Gold prices rose $11.60, or 0.7 percent, to close at $1,653.20 an ounce in the December futures contract on the Comex in New York. Gold moved from an intraday low of $1,633.20 to a high of $1,656.80 [...]
US Mint Sales: Lower Bullion, Suspensions Trip Collector Silver Products
Lower precious metals have spurred United States Mint sales of investment-grade bullion coins but they have been detrimental, along with resulting coin suspensions, to collector silver products.
The Mint suspended silver products on Monday, September 26, when silver tumbled $10+ to below $30 an ounce. The latest United States Mint sales figures show totals lower than last week's report for each of the suspended silver coins.
As cancellations and returns crept in, the uncirculated American Silver Eagle suffered the biggest blow. It plunged 11,476 to 182,524. Five silver products had their sales trimmed [...]
In The Lead – Who Needs Crab-Fishing When You Can Drive...
The precious metals markets opened 'in the green' but gold parted company with the rest of the complex and headed a tad lower. Spot New York dealings opened with a loss of $4.6 for the yellow metal; its bid-side quote was indicated at $1,638.00 the ounce.
Bounce-backs to perhaps as high a level as $1,700 are feasible as the metal consolidates from its recent $1,532 low but the next target (as opined by EW analysis) appears to be [...]
Australian 2012 Year of the Dragon Gold and Silver Bullion Coins...
The Perth Mint of Australia has issued the newest releases from its annual Australian Lunar Series II program with a staggering sixteen coins presented as part of the 2012 Year of the Dragon Gold and Silver Bullion Series. These sixteen Year of the Dragon Gold and Silver Bullion Coins are spread across nine different 99.99% pure gold strikes and seven composed of 99.9% pure silver.
Each of the bullion coins features the image of a mythical dragon which is the fifth creature to be celebrated as part of the 12-year cycle of the Chinese zodiac. Under that zodiac, those born between the upcoming Chinese New Year of January 23, 2012 and the end of that 12-month calendar on February 09, 2013 are said to be born in the Year of the Dragon. [...]
Gold Prices Advanced 1.6%, Silver Gains 1.7%
Gold prices bounced 1.6% higher Wednesday after falling 2.5 percent in the previous session. Bargain hunting and a weaker U.S. dollar were among factors analysts cited for gains.
"Physical demand has been reinvigorated at these price levels," Suki Cooper, an analyst at Barclays Capital in New York, said in a report cited on Bloomberg.
Gold prices advanced $25.60, or 1.6 percent, to close at $1,641.60 an ounce in the [...]
Rutherford B. Hayes Presidential $1 Dollar Coin Cover Available
The United States Mint released the Rutherford B. Hayes Presidential Dollar Coin Cover on Tuesday, October 4, for $19.95.
A popular collector product, the coin cover includes two circulation quality dollar coins chosen from the first day of production. One Rutherford B. Hayes Presidential $1 Coin is from the US Mint facility in Denver and the other is from Philadelphia. Both were struck on June 1, 2011. These coins are mounted on a display card with a U.S. 44-cent postage stamp [...]
Sedwick Treasure and World Coin Auction #10 Opens for Bidding
Daniel Frank Sedwick, LLC has just opened their Treasure and World Coin Auction #10 for bidding, closing live on the Internet in four sessions on October 25-26 (Tuesday-Wednesday), viewable online at www.Auction.SedwickCoins.com.
The coin lots for this auction will be available for viewing at the A.N.A.'s National Money Show in Pittsburgh, PA, October 13-15, with private viewing at Sedwick's office in Winter Park (by appointment only) before and after the show.
Of the 1400+ lots in Sedwick's latest auction, more than 240 lots are gold coins from around the world. Over 100 of these are [...]
In The Lead – Dancing The Night Away
The carnage in certain commodities continued on Tuesday and some of the price-damaging selling sprees extended into this morning as well. After having dipped some 5% from recovery levels and after having touched values under the $1,600 mark for the second time in a week, gold prices fell about 1% in early morning dealings on Wednesday.
A slightly lower dollar and a 3% recovery in crude oil (factors whose respective strength and decline had been cited as having contributed to gold's Tuesday slide) did not manage to lend any assistance to the yellow metal this time around. Aggressive fund liquidations kept the pressure on and the precious metals all opened solidly lower for the midweek session [...]
US Mint May Cut Collector Gold Coin Prices for 4th Straight...
Collectors should watch for the United States Mint to slash prices on 14 numismatic gold coin products mid-Wednesday, based on the bureau's pricing policy and the recent southerly direction of precious metals.
Highlighting gold's extreme volatility of late, if the cuts happen as expected, they would mark a fifth straight week that the United States Mint adjusted its gold coin prices and a fourth consecutive week that they have become cheaper [...]
Gold Falls 2.5%, Silver Tumbles 3.1%
Gold declined for the first time in three sessions, giving back more than it gained during the previous two. Europe's debt crisis, a firmer greenback and Federal Reserve Chairman Ben Bernanke's sour assessment of the U.S. economy damaged Tuesday's appeal for precious metals, opined analysts.
Gold prices fell $41.70, or 2.5 percent, to settle at $1,616.00 an ounce in the December futures contract on the Comex in New York. Gold touched an intraday low of $1,613.00 and reached a high at $1,681.50 [...]
