Faith, Hope, and Charity – Wednesday Kitcommentary
The midweek spot market precious metals dealings opened to the upside in New York. Gold trading opened with a $7.80 per ounce gain, and the yellow metal was quoted at $1,403.50 as of 8:20 AM in New York.
Bullion has frustrated the bulls in a major way since Friday, as a maelstrom of "perfect storm" conditions failed to lift it to new records and the metal headed much lower instead.
Silver began today's trading session with a 41-cent rise, to the $34.67 per ounce mark. The same thing can [...]
Gold Prices Dive Below $1400, Silver Melts
U.S. gold prices dived below $1,400 an ounce and nearly $2 of silver's previous gains melted away Tuesday as the crisis in Japan fueled a global selloff in commodities and stocks. The two precious metals fell the most since January 4 with respective losses of 2.3 and 4.8 percent.
April gold prices declined $32.10 to settle at $1,392.80 an ounce on the Comex in New York. Gold was traded [...]
2011 $2 Single Note Collection Released by BEP
The Bureau of Engraving and Printing (BEP) on Tuesday released its 2011 $2 Single Note Collection which includes a total of nine banknotes.
An opportunity to purchase three other extremely limited 2011 $2 single notes was limited to chance and for those who placed an order for the collection during a pre-release period of March 1-14, 2011.
Money collectors can order notes from the Federal Reserve Banks of [...]
Baldwin’s London Auction Features Rare King George VI Gold Four-Coin Proof...
Offered in its original Royal Mint case, a set of four 1937 Gold, Matt Proof finish coins, commissioned to commemorate the Coronation of King George VI, are sure to be the highlight of the Baldwin's London auction, due to be held in May 2011.
The set, which carries a weighty estimate of £90,000 -- 110,000, is one of only two known sets struck with an experimental matt finish specifically to be used for pre-production promotion of the coins minted by the Royal Mint to commemorate the Coronation of the King in May 1937 [...]
A Tsunami of Selling – Tuesday Kitcommentary
A massive meltdown in precious metals, and key commodities followed the massive meltdown in Japanese and world equities which followed the apparently imminent meltdown at the Fukushima nuclear plant in Japan.
The overnight news that the power facility's 19 tonnes' worth of highly radioactive fuel rods have spent some time period being fully exposed, rattled global markets in a manner basically not seen since the great crash of 1987 [...]
Gold and Silver Prices Little Changed
U.S. gold and silver prices were little changed Monday as gold climbed 0.2 percent and silver dipped 0.3 percent.
Platinum and palladium, however, faltered heavily on industrial demand concerns following Japan's earthquake. The metals fell 1.7 and 2.3 percent, respectively.
April gold prices edged up $3.10 to close at $1,424.90 an ounce [...]
US Mint February 2011 Coin Production: Gettysburg Quarters and Johnson...
US Mint circulating coin production levels in February 2011 retreated significantly from those of the previous month, but they were substantially higher than totals from February 2010.
The latest US Mint figures also reveal the scarcest mintages for an Andrew Johnson Presidential Dollar and the Gettysburg National Military Park Quarters.
The US Mint produced 523.14 million coins for circulation in February 2011, capping a [...]
Earth in Upheaval – Monday Kitcommentary
Gold continued to receive some additional safe-haven oriented bids and climbed $6.80 out of the market's starting gate in New York (the initial quote was $1,426.40 for spot bid prices). Silver added only 3 pennies to Friday's closing values however, to open at $35.93 per ounce.
Unsurprisingly, platinum and palladium suffered some declines in value as news of Japanese auto plant closures continued to unnerve speculators in that niche. Platinum dropped $16 to the $1,761.00 per ounce mark, and palladium fell $8 to the $749.00 level. Rising risk-aversion is also contributing to the possibility of additional selling. There has been a waning of investor interest in [...]
Gold Rises Friday but Dips Slightly on Week, Silver Maintains Healthy...
U.S. gold prices rebounded from earlier weakness and settled up 0.7 percent on Friday -- its biggest increase this week. The advance was not enough to overcome losses on Thursday, however, as the metal fell a modest 0.5 percent on the week.
April gold prices rose $9.30 to close at $1,421.80 an ounce on the Comex in New York [...]
US Mint Seeks Public Comment on Metallic Coin Composition Factors and...
The United States Mint wants your help, according to a press release it issued Monday.
The US Mint is seeking input from interested parties on what it should consider as it moves ahead in its Congressionally mandated look into alternative metals for use in the production of circulating coinage.
Congress ordered the review under the Coin Modernization, Oversight, and Continuity Act of 2010 [...]
