Bullion Articles & Precious Metals

Knocking on the legislative door for the eighth consecutive year is a new bill seeking to treat coins or bars composed of silver, gold, platinum and palladium in the "same manner as equities and mutual funds for purposes of the maximum capital gains rate for individuals." Gains from the sale of collectibles held for more […]

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Across the board market declines painted an ugly picture this week. London silver, gold and platinum prices plunged 14.2 percent, 5.5 percent, and 13.4 percent, respectively. The blue-chip average ended down 7.4 percent, the S&P fell 9.4 percent and the Nasdaq lost 10.8 percent. Crude fell more than 12 percent. The U.S. $700 billion bailout […]

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New York precious metals jumped off a cliff Thursday and hit the ground hard. Silver, gold and platinum plunged 13 percent, 4.8 percent and 4.9 percent, respectively. Precious metals weren’t lonely in their fall. U.S. stocks tumbled while oil lost 4.6 percent. In fact, markets on the whole moved lower over economic concerns that were […]

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As stocks ended slightly lower Wednesday and the markets anxiously awaited the Senate’s vote on its proposed financial rescue plan, New York precious metals moved into positive territory. Nymex silver, gold and platinum futures gained 4 percent, 0.7 percent, and 1.4 percent, respectively. November crude oil dropped $1.78, or 1.8 percent, to $98.89 per barrel. […]

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New York precious metals retreated Tuesday as stocks rallied and the U.S. dollar surged amid hopes the passage of a financial rescue plan is still possible from Capital Hill. Nymex silver, gold and platinum futures lost, 5.8 percent, 1.5 percent, and 5.6 percent, respectively. November crude-oil recovered from Monday’s more than $10 loss to settle […]

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Gold gained about 20 percent since Sept. 11 as safe-haven demand drove physical demand to such a level that the U.S. Mint suspended Buffalo gold coin sales Thursday due to depleted inventories. Gold profit-taking snatched several percentage point gains on Friday, but the yellow metal ended the day and week up. London gold and silver […]

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New York precious metals retreated while the U.S. dollar climbed Thursday as news of a "fundamental" agreement came from Washington regarding the U.S. $700 billion financial rescue plan. Nymex Silver, gold and platinum futures lost, 1.2 percent, 1.5 percent, and 2.8 percent, respectively. November crude-oil recovered from Wednesday’s 88 cent loss to gain $2.29, closing […]

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New York gold prices inched slightly higher Wednesday, as the markets watched the financial debate and waited for any Washington movement on the U.S. $700 billion bailout plan. Silver, gold and platinum futures rose, 2.1 percent, 0.4 percent, and 1.2 percent, respectively. November crude-oil lost 88 cents to settle at $105.73 per barrel. The U.S. […]

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New York silver, gold and platinum futures fell Tuesday, as the U.S. dollar showed strength and crude dropped following yesterday’s monstrous surge. After gaining more than $16 Monday, November crude-oil fell $2.76 to end at $106.61 per barrel. December silver lost 28 cents to close to $13.17 an ounce. October platinum fell $23.80 to end […]

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Gold and silver enjoyed sharp gains in a week where markets were up and down over concern for worsening financial conditions. Within a 48-hour span, gold rose and fell by the largest amount in 28 years. In the end, London gold and silver posted weekly gains of 11.5 percent and 12.1 percent, respectively. Platinum dropped […]

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