Kingsland Hosts Gold and Silver Radio Show
Veteran financial journalist Jim Kingsland now hosts a weekly program, Gold and Silver Radio, on the air in the metropolitan New York City area on WYNM AM 970 "The Apple" and worldwide online at www.am970TheApple.com.
The one-hour program, broadcast each Saturday at noon Eastern, focuses on precious metals, rare coins and economic conditions in the United States and globally that affect metals prices and the U.S. dollar.
"Gold and Silver Radio is a program dedicated to exposing the crumbling fiat dollar and the rise of gold and silver as a place to protect wealth and grow wealth through bullion and coins. Even Lindsay Lohan realizes that the dollar is falling apart [...]
Gold Prices Top $1700, Silver Rallies 3.7%, US Bullion Coins Soar
U.S. gold prices quickly topped the $1,700 milestone on Monday following S&P's downgrade of U.S. credit to below the coveted "AAA" rating.
Gold is attractive "in this current macro environment, with high risk and uncertainty surrounding the financial markets," Bayram Dincer, an analyst at LGT Capital Management, was quoted on Bloomberg. "Gold is pricing in the one-notch downgrade as well as a component of lower global GDP growth."
December gold prices surged $61.40, or 3.7 percent, to close at $1,713.20 an ounce on the Comex in New York -- a fresh all-time [...]
Kolbe & Fanning Launch New Website, Announce Rare Numismatic Literature Sale
After months of planning and work, Kolbe & Fanning Numismatic Booksellers LLC are pleased to unveil their new and improved website. The firm also announce Mail Bid Sale 122, which features over 1400 lots of rare and desirable numismatic literature.
Numismatic researchers and bibliophiles are invited to visit www.numislit.com and review new and enhanced features, including: [...]
CONECA ErrorScope Issue Features Doubled Die Cent, Double Struck JFK
The upcoming September/October issue of the ErrorScope, the bimonthly journal of the Combined Organizations of Numismatic Error Collectors of America (CONECA), features new finds ranging from a new 1988 Doubled Die Obverse cent to a Double Struck 1972-D Kennedy half-dollar.
Sandwiched in between are articles on subjects as diverse as who hobby pioneer James G. Johnson Jr. was to an article on a foreign doubled die, a Standing Liberty quarter cud, Ike dollar "Peg Leg" varieties and miscellaneous errors on US coins [...]
Gold Prices Rise 1.3% on Week, Silver Slides 4.7%, Silver Eagles...
U.S. gold futures ended 1.3 percent higher on the week but retreated for a second straight session Friday as investors continued to sell bullion profits to cover equity losses.
"It's a volatile period for gold," Adam Klopfenstein, a senior strategist at MF Global Holdings Ltd. in Chicago, said in a telephone interview that was cited on Bloomberg. "You would think that people would buy gold as a haven now, but they're selling it because they need to raise cash."
December gold prices retreated $7.20, or 0.4 percent, to $1,651.80 an ounce on the Comex in New York. Gains this week have [...]
2011 Uncirculated Silver Eagle Scheduled for September Release
Following two years of silence, the 2011 uncirculated Silver Eagle is set to make a comeback next month, according to an updated product schedule from the United States Mint.
The Mint's online schedule indicates that the newest American Silver Eagle is ready for a September 29, 2011 release at a yet to be determined price. The release date is not set in stone, as the Mint's schedule has been tweaked before after a coin addition. But changes this late into the year are less common.
The uncirculated Silver Eagle is one of the most popular products offered by the United States Mint, although it is the least purchased among the three versions produced. Perhaps one reason is its youth [...]
In The Lead – What’s That Smell?
Friday's precious metals markets opened amid attempts to repair the heavy damage that had been inflicted by the throngs of panicked speculators stampeding over each other in front of the markets' exit doors.
A potentially volatile day was in the making in New York as investors awaited US jobs statistics to be released by the Labor Department. Dow futures were still as jittery as a bowl of Jell-O while crude oil lost a bit of additional ground. The US dollar fell a tad as well, retreating to just under the 75 level on the trade-weighted index.
Spot gold dealings opened at $1,657.80 the ounce, showing a $9 gain in New York while silver started the final session of the week up by [...]
Gold Prices Drop from Record, Silver Plummets 5.6%
U.S. gold futures ended lower Thursday, stepping back from two straight days of record settlements and an earlier intraday record that was 10 cents shy of $1,685 an ounce. Thursday's equities sell off was blamed for both gold and silver losses. U.S. stocks suffered their worst day since the 2008 financial crisis, forcing investors to sell bullion profits in order to meet margin calls.
"A lot of people are being forced to exit their equity positions, and they're turning to gold to cover their losses," Matthew Zeman, a strategist at Kingsview Financial in Chicago, said in a telephone interview that was cited on Bloomberg.
December gold prices declined $7.30, or 0.4 percent, to $1,659.00 an ounce on the Comex in New York. Gold touched an intraday low of [...]
US Mint Sales: Mount Hood 5 Oz Silver Coins Start Slower
This week debut sales figures were released for two new United States Mint products, the 2010-P Mount Hood National Forest Five Ounce Silver Uncirculated Coin and the Gettysburg Quarter Three-Coin Set. Both products enjoyed solid starts, but the Mount Hood five ouncer is moving slower as compared against previous designs in the series.
Buyers ordered 14,759, or 54.7 percent of the maximum 27,000 Mount Hood silver coins between their launch on Thursday, July 28, through to Tuesday, August 2. Mount Hood's release marks the fifth issue in the United States Mint's five ounce America the Beautiful coin series. Sales debuts for the first four coins [...]
In The Lead – Arrigato Gozaimasu
Someone forgot to send a "dollar is way up" memo to the gold trading pits this morning; the yellow metal was up by $10, (at $1,671 on the open) aiming for a demolition of the recent $1,675.00 record, despite a heftier than hefty rise in the greenback (what's wrong with this picture? Everything) following central bank interventions this week.
Contrarian sign of the times: JP Morgan wants you to stay long commodities, with gold their "top pick." Now, be fair: you know how that headline would have been treated in certain circles not many months ago. Now, it will be added to the string of 'validations' being trotted out to induce the small retail investor to buy more of the metal at, or near record levels [...]
