Monthly Archives: August 2012
In The Lead – Retail Tales and Tell -Tale Signs
The metals markets opened to the downside for the midweek session this morning. A 0.28% advance in the US dollar and a 0.36% slip in crude oil contributed to early selling pressure.
Spot gold prices dipped under Tuesday's lows and touched $1,588 per ounce prior to the opening bell. Spot silver declined 31 cents to trade near $27.50 the ounce. The pullbacks was less severe in platinum which [...]
2012-W Proof Platinum Eagle Coin Sales Debut at 2,461
Opening demand for the 2012-W Proof Platinum Eagle coin was lukewarm when contrasted against past starts in the series, according to the latest sales figures from the United States Mint.
Buyers purchased 2,461 of the 99.95% fine platinum coins between their release on August 9, 2012 and August 13, 2012. At $1,692 a pop, that represents a dollar total of [...]
Making American History Coin and Currency Set Sales Open at 24,130
Debuting sales figures are in for the Making American History Coin and Currency Set.
Collectors of the set ordered 24,130 between its release on August 7, 2012 and August 13, 2012. Priced at $72.95, the dollar amount pulled in for the product totaled $1,760,284.
In terms of the numbers sold, it represented nearly half of the set's [...]
Gold Declines for Second Day, Silver About Flat
Gold closed lower for a second day Tuesday, falling to its lowest price since August 2. Prices declined after the release of better-than-expected U.S. economic data.
Gold prices for December delivery declined $10.20, or 0.6%, to settle at $1,602.40 an ounce. Gold ranged between intraday levels of $1,593.60 and $1,618.90. The precious metal has dropped 1.3% this week [...]
London to Rio Olympic Games Handover Coins
Last July, more than a week before the Olympics start, The Royal Mint first revealed its commemorative London to Rio Olympic Games handover coins. On Monday, August 13, 2012, the Mint began selling them to the public.
Three of these coins are limited editions and composed of precious metals to proof qualities. The fourth is in cupro-nickel without stated mintages and in brilliant uncirculated quality [...]
Gold Drops $10, Silver Falls 30 Cents, Silver Eagle Coins Top...
Gold ended lower Monday, tracking other commodities and stocks that were pressured, opined analysts, on concerns over global growth.
Gold prices for December delivery declined $10.20, or 0.6%, to settle at $1,612.60 an ounce. Gold touched an intraday low of $1,609.70 and hit a high of $1,628.20 [...]
2012-P Acadia National Park 5 Oz Silver Uncirculated Coin Available
The United States Mint today, August 13, 2012, released the 2012-P Acadia National Park Five Ounce Silver Uncirculated Coin.
Offered as the third 2012-dated release of the America the Beautiful Five-Ounce Silver Uncirculated Coin™ series, the strike is being sold by the U.S. Mint for $204.95.
Shown on the reverse of the coin is a design emblematic of Acadia National Park of Maine [...]
In the Lead – QE Or Not QE – That Is...
Precious metals started the new week with mixed results this morning as the euro remained steady around $1.235 but remained at risk of sell-offs and as crude oil advanced by less than 1% on supply worries.
The US dollar also traded in lackluster fashion, hovering near the 82.50 pivot point while stock index futures remained flat one hour ahead of the opening bell. Spot gold opened at $1,621 in New York showing 50-cent advance on the bid-side while spot silver fell 20 cents to start the day off at $27.95 per ounce [...]
Designs of London 2012 Olympic and Paralympic Games Medals
Countless fans have taken the opportunity to admire the gold, silver and bronze victory medals awarded to winners at the 2012 London Olympic Games. While the medals serve as a symbol of the achievement, many view them as works of art.
That additional level of admiration is not without merit, thanks to the UK Royal Mint. The facility was responsible for [...]
Gold, Silver Notch Weekly Gains, Eagle Silver Coins Improve
Gold turned slightly higher Friday to close out a humdrum trading week in which volume was thin and ranges confined.
Across the spectrum of precious metals this week, registered gains included 0.8% for gold, 0.9% for silver and 0.7% for palladium. Platinum stood alone with a 1.0% weekly loss [...]