US Mint 2010 Annual Coin Production Rises 79.6%, Mintages Near 6.4...
US Mint annual coin production shot higher in 2010 after circulating coin mintages plunged to the lowest point in decades during the previous year.
2010 levels were still significantly lower than those from 2008, however, when the American recession began to earnestly kick-in and cut the demand for circulating change [...]
Raiding The Treasury(s) – Monday Kitcommentary
Some price weakness continued to remain manifest in gold, and to a lesser extent in other precious metals, as the second trading week of 2011 got underway overnight.
The near 4% loss in gold's value that took place last week is currently also being tied to the euro's most recent woes and to its own breakdown to beneath a second support line at $1.29 against the greenback.
Friday's bearish-tilting weekly low closing does not mean that bounce-backs will not be attempted this week, but it does [...]
Silver Eagle Bullion Coins Close to New Annual Sales Record
United States Mint American Silver Eagle bullion coins shattered their old annual sales record by nearly 6 million coins. Silver Eagles reached sales of 34,662,500 in 2010, capping their third straight annual gain.
December sales were sluggish -- the slowest in 2010, but previous months were mostly on fire and a new annual sales record was already assured following an all-time monthly high of [...]
Annual 2010 Gold Eagle Bullion Coin Sales Top 1.2 Million Ounces
United States Mint 2010 Gold Eagle Bullion Coins stumbled in December. Buyers in 2010 scooped up 1,220,500 ounces of the 22 karat coins which were introduced in 1986. The level marks a 14 percent decline from the previous year.
December, historically one of the strongest months of the year for sales, turned out to be dismal for the [...]
America the Beautiful Silver Bullion Coins Size to Remain at 3.0...
The United States Mint will not change America the Beautiful Silver Bullion Coin specifications despite recently inheriting new authority to adjust their size.
The Coin Modernization, Oversight, and Continuity Act, which was signed into Public Law 111-302 by President Obama on December 14, permits the US Mint to produce the 5-ounce, .999 fine silver coins in a diameter ranging between 2.5-3.0 inches. The original law mandated a 3.0 inch diameter [...]
Odyssey Wants Government Out of Black Swan Case After WikiLeaks Revelations
Odyssey directed its legal team to file a Motion to Strike the amicus brief filed by the United States in support of Spain in the "Black Swan" case currently pending before the Eleventh Circuit Court of Appeals.
If the court opts to not strike the brief, Odyssey seeks to have the court direct the United States government to amend its statement of interest to more accurately reflect its true position on the matter [...]
Take This Job and Keep It – Friday Kitcommentary
Gold's worst losing streak since 2009 brought the yellow metal to lows near $1,355.00 per ounce overnight as fresh, aggressive selling decisively broke bullish sentiment ahead of the release of US unemployment data this morning.
The blame for the steep decline this week (a time when we were all but guaranteed the exact opposite) was laid squarely at the US dollar's doorstep. However, as the numbers reveal, the greenback has already [...]
Gold and Silver Retreat Slightly, Platinum Rises Modestly
U.S. precious metals were mixed on Thursday. Gold and silver edged lower, marking a third straight day of declines with respective new losses of 0.1 and 0.2 percent.
Palladium declined the most, falling 1.6 percent after it was the single precious metal to rise during the previous session. Platinum grabbed the rising role on Thursday, advancing a modest 0.1 percent [...]
US Mint Sales: 2010 Proof Silver Eagles Close to Third Best...
US Mint sales figures eased higher following the Christmas holiday break. 2010 Proof Silver Eagles advanced more than 21,000 after their numbers unexpectedly remained unchanged for a week and they were declared sold out on December 28.
Their new tally stands at 856,356, making them the third best ever seller since the series launched in 1986. Their debuting first year and succeeding second year [...]
A Happy Mending – Thursday Kitcommentary
The selling pressure in precious metals continued for a fourth session this morning, as the US dollar built on its previous, economic data-induced gains, and as risk appetite (a word that keeps being in high 'rotation' among market pundits) gained further traction, but not for certain commodities and assets.
Gold suffered and concluded its largest two-session decline in nearly a full year on Wednesday [...]
