Gold and Silver Close to Fresh Highs, Prices Dive After-Hours
Continuing a streak of four-day highs Tuesday, U.S. gold prices reached a new record above $1,424 an ounce and silver hit a fresh 30-year peak atop $29 an ounce.
However, precious metals gave up substantial ground in after-hour trading as profit-taking emerged when the U.S. dollar continued its upward momentum and the Chicago Mercantile Exchange (CME) announced an increase in silver margins [...]
US Mint Proof Gold Eagle Sales Near $100 Million, Expect Price...
With the sell out of the most popular single one ounce 2010 Proof Gold Eagle combined with expected price increases on Wednesday, buyers quickly shifted their attention to the remaining product options. They spent more money than in each of the prior two weeks, lifting total coin sales near $100 million.
Fractional 2010 Proof Gold Eagles and the 4-coin proof set outperformed their prior weekly gains, with the latter enjoying the most interest and posting its best weekly pick up since the 22 karat gold coins were launched on October 7, 2010 [...]
Gold Prices Skip Over $1400, Silver Rallies Above $27
U.S. bullion prices rallied Monday as gold topped $1400 an ounce, capping a third day of all-time record highs.
Silver registered its own three-day streak, reaching a 30-year high and easily surpassing $27 an ounce. Palladium, the best performer in precious metals on Monday, advanced to its highest price since 2001 [...]
Odyssey Arguments Scheduled in Black Swan Shipwreck Case
Odyssey Marine Exploration was recently notified that the United States Court of Appeals for the Eleventh Circuit would hear oral arguments on the case that is currently pending before it between Odyssey and the country of Spain.
At issue is the ownership of over 500,000 Colonial-period silver coins that were recovered from the bottom of the ocean by Odyssey [...]
Gold, Silver, Metal Prices Commentary – November 8, 2010
Gold prices fluctuated in a relatively narrow overnight range of from $1,386 to $1,394 -- apparently unwilling to give up much of the post-QE2-induced premium but also apparently as yet unable to challenge and overcome the round figure at $1,400 basis spot prices.
Traders were seen buying back an apparently oversold greenback as the euro sank on the German economic news and as some players once again turned their attention to non-smiling Irish eyes this morning [...]
Gold Nears $1400, Weekly Silver Prices Rally 8.9%
Bullion prices soared for a second straight day Friday as gold hit a new record and closed $2.30 away from $1,400 an ounce. The yellow metal rose 3.0 percent this week as buying momentum surged on expectations that the Federal Reserve's new monetary policy will weaken the dollar and spur inflation [...]
2010 America the Beautiful Quarters Coin Sets Make Appearance
The United States Mint has unveiled images of the three new 2010 America the Beautiful Quarters Coin Sets which are scheduled for November 2010 releases.
The three new quarters coin sets will feature packaging reflecting the U.S. Mint's new logo and marketing style [...]
Gold, Silver, Metal Prices Commentary – November 5, 2010
On the day after the Fed offered a $600 billion 'freebie' and eight more months of party time to the world's carry dollar-carry trade, the who's who of the world of commodities gathered at the NY Stock Exchange to discuss the present conditions and future prospects for the world's markets in "stuff." [...]
2010 Silver Eagle Sales Soar to Annual Record
Contemplated by many, speculated by some and recently confirmed by the United States Mint, 2010 is now officially the record holder as the best year ever for American Silver Eagle bullion coins.
The most recent U.S. Mint sales figures as of Thursday place the total number of bullion Silver Eagle coin sales at 28,885,500. That amount exceeds the previous record set just last year by 119,000, a number that will continue to grow as the year still has nearly two full months remaining [...]
Bullion Prices Explode, Gold Tops $1380 and Silver Tops $26
U.S. bullion prices, commodities and stocks soared Thursday, a day after the Federal Reserve announced a monetary stimulus plan to boost the economy.
The U.S. dollar was driven lower in the wake of the news, throwing gold prices 3.4 percent higher, above $1,380 an ounce, and to a close that marked a new all-time high [...]
