Hold Me Tight(er) – Wednesday Kitcommentary
More price weakness was manifest in spot gold trading as the midweek session's participants were confronted with a stronger US dollar, the apparent end of the 30-year+ Mubarak era in Egypt (amid other signs that the man is losing his grip on power: the Internet made a return to Egyptian computers following a five-day black-out), and the continuing string of quite decent news from the US economic front.
Following good consumer retail and strengthening manufacturing activity number, the ADP private employment report issued [...]
Gold Prices Edge Higher, Silver Gains for Third Day
U.S. bullion prices rose Tuesday as a weaker dollar supported gold but gains were limited to a modest 0.4 percent.
Demand for silver was stronger as it advanced 1.2 percent, capping a third straight day of increases. In terms of streaks, palladium is the winner. The metal rose just 0.4 percent for the day but that was enough to cement a fifth session of consecutive increases [...]
2011 Silver Proof Set Sales Start Slower
The 2011 Silver Proof Set started out of the sales gate slower than in past years, continuing a weakened trend of demand for United States Mint annual products.
Collectors ordered 209,367 sets -- a solid number nevertheless, between their release on Tuesday, January 25, through to Sunday, January 30. At a price tag of $67.95, which was $11 more than the [...]
Deficits. Of Truth – Tuesday Kitcommentary
January concluded with the tallying of gold's poorest "start" to a trading year, since...1997. Amid slumping prices (bullion fell by over 8% during the month) and a rising appetite for other, perhaps higher-yielding assets, gold balances in the largest gold-backed ETF decline by over 53 tonnes last month, making for the second-largest such loss in bar holdings since the investment vehicle was launched in late 2004.
On Monday, the trend towards lightening up on hitherto substantial gold positions continued, with global ETP products shedding [...]
New Sixbid Quality Seal Reserved for Top Numismatic Auction Houses
Sixbid.com, the numismatic platform that unites the largest and most prestigious numismatic houses in the world, has just released its new quality seal, the Sixbid Quality Seal for Certified Auction Houses.
The Sixbid Quality Seal for Certified Auction Houses is a certificate granted exclusively to auction houses complying with the required standards. Those criteria were established in order to provide [...]
Kolbe & Fanning Numismatic Book Auction Tops $1,000 Per Lot
On Saturday, January 8, 2011, Kolbe & Fanning Numismatic Booksellers LLC conducted their 120th sale of rare and out-of-print numismatic literature, a public auction at the Waldorf Astoria Hotel in New York City in conjunction with the New York International Numismatic Convention.
Featured were 500 lots on a great variety of topics, including rare works on Russian coins and medals from the Dr. Ira Rezak Library, highlights from the outstanding Latin American Numismatic Library formed by Alan Luedeking, and other important works covering the numismatic spectrum [...]
Heritage’s Largest World & Ancient Coins Auction Tops $9.28M
Collectors from all over the world descended on New York City on January 2 and 3 to take part in Heritage Auctions' Signature® World & Ancient Coins Auction at the Waldorf-Astoria, coinciding with the New York International Numismatic Convention (NYINC), where a deep lineup of stunning and rare coins realized more than $9.28 million in total, including 15% Buyer's Premium.
"What the overall results of this auction show is the continued steady strength in the World and Ancient Coin market," said Cristiano Bierrenbach [...]
2011 U.S. Army Commemorative Coins in Gold, Silver and Clad
The United States Mint today, January 31, 2011, released at special introductory prices its new series of 2011 U.S. Army Commemorative Coins which celebrate the founding and history of the U.S. Army.
For the first time since 2008, collectors can purchase the commemoratives in gold, silver and clad and in either proof or uncirculated qualities, bringing the total available U.S. Army Commemorative Coins to six [...]
Flight Club – Monday Kitcommentary
The Friday rebound in gold, largely induced by the escalating turmoil in Egypt, came to an abrupt halt this morning, despite declarations that "capitulation" was over and despite a renewed salvo of assurances that gold does not find itself in a bubble.
Gold's Monday morning fall -basically a give-back of about half of last Friday's gains- came despite a significant slippage in the US dollar (down 0.62 on the index, to the 77.70 level). [...]
Gold Rallies Most in 3 Months, Silver Advances 3.3%
Gold prices rallied the most in three months Friday after falling to their lowest level in nearly four months during the previous session. Safe-haven demand amid rising protests in Egypt was attributed to the gains.
April gold prices rose $21.90, or 1.7 percent, to $1,341.70 an ounce on the Comex in New York, reversing an expected weekly loss to a gain of 0.1 percent. Friday's jump was the biggest one-day advance [...]
