Gold Prices Edge Lower, Silver Continues Decline
U.S. precious metals were mixed on Wednesday as all but palladium retreated. Gold fell the least while silver dropped the most. Their losses, however, were mild compared to their previous day's plunge.
Gold prices for February delivery ended down $5.10, or 0.4 percent, to $1,373.70 an ounce on the Comex in New York. Prices ranged from [...]
2011 American Gold Eagles and Silver Eagles Released
The United States Mint began taking orders for its most popular bullion American Eagles on Monday, January 3, 2011.
2011 American Gold Eagles and 2011 American Silver Eagles will begin making their way into the secondary market within days. US Mint Authorized Purchasers started the new year by ordering 8,500 of the one-ounce 22-karat Gold Eagles and 1,696,000 of the .999 fine Silver Eagles [...]
Wheels in Motion – Wednesday Kitcommentary
Gold's worst fall in six months had assorted market pundits rushing to the airwaves overnight, attempting to explain why the "sure thing" – the New Year's mega-rally that had been all but "in the bag" did not materialize and how this (cave-in) all came about.
In effect, ignoring the apparent "sector rotation" that might be underway (from commodities into equities) was still manifest in most the explanations tendered on various media outlets, and the bullish case was being revised in even the slightest terms [...]
Anniversary of Parks Canada 2011 Silver Dollars Released
The Royal Canadian Mint is pleased to announce that its first collector coin of the year, the 2011 Silver Dollar, is dedicated to celebrating the 100th anniversary of Parks Canada.
This flagship of the Mint's annual collector coin program honours Canada's "grandparents of green" who, a century ago, made it their mission to preserve Canada's natural beauty for the enjoyment of future generations [...]
Gold Prices Dive, Silver Plummets 5.2%
U.S. gold prices on Tuesday plummeted the most in a single day since July. Other precious metals followed the yellow metal, with silver diving the furthest by registering a loss of 5.2 percent.
Gold prices for February delivery plunged $44.10, or 3.1 percent, to $1,378.80 an ounce on the Comex in New York. Prices ranged from [...]
A (Re)balancing Act – Tuesday Kitcommentary
Gold prices fell well under the $1,400.00 mark relatively early on Tuesday, losing the most value in nearly two months' time, as market participants returning to their trading posts in larger numbers decided that profit-taking was in order, in light of the emergent global recovery (and a few other trends as well).
Such a development does not just imply a lack of crisis conditions, against which a gold safe-haven allocation may make less sense than, say, the period of from 2007 through [...]
2011 Australian $1 Uncirculated Coin Features Ram
The iconic image of a ram's head will once again grace Australia's newest $1 coin as revealed on New Year's Day at the Royal Australian Mint in Canberra.
Originally appearing on the one shilling from 1938 to 1963, the Royal Australian Mint has returned to this familiar design to recognise one of Australia's longest running industries.
"This new $1 ram's head coin design continues our celebration in 2011 of [...]
2010 Gold Eagle Proof Four-Coin Set Sells Out
The latest United States Mint product to sell out is the 2010 Gold Eagle Proof Four-Coin Set.
The set, which includes the one-ounce, one-half ounce, one-quarter ounce, and one-tenth ounce Gold Eagle Proof coins, sold out Monday afternoon.
With its disappearance, collectors will no longer have a direct path from the US Mint to purchase the one-ounce and one-half ounce sizes as these sold out earlier [...]
Cin-Cin! Win-Win! – Monday Kitcommentary
New Year's Eve (likely) champagne-induced cheer morphed into unimpaired optimism as the first financial market sessions of 2011 opened for trading overnight and this morning.
The apparent "resolutions" among investors, at least at this early stage of the annual yield-chasing game, are ones of...adding weight -- to the profit side of their asset books, that is [...]
Gold Prices Mark 10th Annual Gain, Silver Soars 83.7%, Palladium Leads...
Gold, silver, platinum and palladium ended the final day in 2010 higher, capping sweeping double-digit annual gains in precious metals prices.
Gold futures prices for February delivery settled to a record high of $1,421.40 an ounce on the Comex in New York, marking its 10th straight annual gain with an impressive 29.7 percent increase over [...]
