Gold Tops $1,400, Silver Reaches Fresh 31-Year High, Palladium Plunges
U.S. gold topped $1,400 an ounce and silver prices reached a fresh 31-year high Tuesday as uprisings in the Mideast and North Africa elicited safe-haven buying, opined analysts.
Gains were deeper around the world during the previous day, however, when the key New York market was closed in celebration of President's Day [...]
10,000 Free Lincoln Four-Coin Sets in Sesquicentennial Promotion
To mark the 150th anniversary of President Abraham Lincoln's 1861 inauguration, 10,000 specially-produced Lincoln cent kits will be given away free by rare coin dealer Paul Hollis of Mandeville, Louisiana.
Each kit contains an illustrated brochure accompanied by four coins, one each of the commemorative Lincoln cent reverse designs issued for circulation by the United States Mint in 2009 [...]
2011 Presidential $1 Dollar Coin Proof Set Available
The US Mint on Tuesday at noon ET made available the 2011 Presidential $1 Coin Proof Set for a price of $19.95. That represents a price increase of $4 over last year's issue, although the same amount of coins are within each.
The Presidential Dollar Proof Set is now in its fifth year of production. The first set was released in 2007 when the United States Mint Presidential coin program was introduced [...]
Out of Africa – Tuesday Kitcommentary
Proving once again that explosive geopolitical developments trump any and all bullish wagers made on anticipation of future inflation, or the future fate of the US dollar, gold prices soared on Monday as the "Jasmine Revolution" (or, will it eventually become known as the "Twitter Revolt?") spread and intensified.
Any bearish thoughts among traders were placed on temporary 'hold' on Monday, amid such conditions as the missive of the day read: "Fear and Hoarding Worldwide." [...]
Silver Scores 7.7% Weekly Gain, Gold Rises 2.1%
Silver's two-day string of soaring gains put the metal up 7.7 percent on the week and at a fresh 31-year high.
While weekly gains in gold were more modest at 2.1 percent, the yellow metal is on a five day winning streak and it closed Friday at its best level since January 3 [...]
Andrew Johnson Presidential Dollars Released into Circulation
The first 2011 Presidential $1 coin was released into circulation Thursday, February 17. The 17th issue in the series honors the 17th President of the United States, Andrew Johnson.
Participating banking institutions were able to order bags of the new dollar coins from Federal Reserve Banks since January 27, but could not release them to the public until Thursday's official release date [...]
Parisian Blinds? – Friday Kitcommentary
As Friday's trading sessions got underway, gold appeared set to complete its best weekly gain of the current year and silver orbited around the $32 level -- a fresh 30-year peak-following yesterday's fund feeding frenzy that added a dollar and a dime to its value, and, much, beyond-bullish sentiment, to the camp that refuses to see it for being a bubble in the making [...]
PCGS Million Dollar Coin Club Now Includes 235 Coins Valued at...
The second annual PCGS Million Dollar Coin Club reference guide has been unveiled by Professional Coin Grading Service.
Originally launched in January 2010 with 210 "charter member" United States rare coins valued by experts at $1 million or more each, the "club" now has grown to include 235 coins with a combined value of over a half billion dollars [...]
Silver Soars to 31-Year High, Gold Hits 5-Week High
U.S. precious metals prices rose Thursday, with gold closing to its best level in five weeks and silver surging to a 31-year high.
April gold prices advanced $10, or 0.7 percent, to $1,385.10 an ounce on the Comex in New York -- its best settlement price since January 13. Gold ranged between $1,374.60 and $1,385.00 an ounce [...]
Bassackwardation – Thursday Kitcommentary
Spot gold trading opened with a $5.60 per ounce gain this morning, and the precious metal was quoted at $1,381.20 on the bid side.
Silver added 11 cents to open at the $30.59 level on the bid side and it later touched and then backed off of the $31.00 round figure resistance point. For a fourth time now, silver is bumping up against major [...]
