Gold Up 4.1% in Weekly Gain as Silver Rises 6.7%, but Bullion Coins Dip
2012-01-28 22:39:56
Gold prices advanced in four of five days this week. Three were surging increases which propelled ...
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Gold prices advanced in four of five days this week. Three were surging increases which propelled the yellow metal to its best weekly pick-up of the year with a gain of $68.20, or 4.1%.
Gold settled mildly higher Friday to extend a winning streak that began on Wednesday when the Federal Reserve pledged to keep ultra-low interest rates until late 2014.
In closing the week, gold prices edged up $5.50, or 0.3%, to $1,732.20 an ounce in the February futures contract [...]
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Revolutionary War and War of 1812 Battlefields Commemorative Coins Proposed Again
2012-01-27 21:25:23
Newly re-introduced legislation in the House of Representatives would commemorate the battlefields ...
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Newly re-introduced legislation in the House of Representatives would commemorate the battlefields of the Revolutionary War and the War of 1812 with up to 300,000 $5 gold coins, 1 million silver dollars and 2 million half dollars.
Proposed in one form or another in successive sessions of Congress since 2004, Rep. Rush Holt [D-NJ12] intends to give another shot at passage with a fifth version of the Revolutionary War and War of 1812 Battlefields Commemorative Coin Act. The Act, numbered H.R. 3818, was repackaged by adding the year 2012 and presented to the House for consideration on January 24, 2012 [...]
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In The Lead – Captain [Credit] Crunch
2012-01-27 19:38:35
Precious metals -- with the exception of palladium -- opened mildly higher this morning in New York ...
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Precious metals -- with the exception of palladium -- opened mildly higher this morning in New York as players awaited US GDP and consumer sentiment data with a degree of caution and as profit-takers stood by to possibly pull the trigger on certain assets following recent spikes. Spot gold started the final session of the week $3.50 higher at $1,724 per ounce while spot silver climbed 20 cents to $33.65 on the bid-side.
Support levels in the yellow metal are at $1,707 and at $1,691 while overhead resistance looms at $1,736 and $1,744 per ounce. In silver, the barriers to overcome on the upside remain neat $34 per ounce [...]
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Gold Drives to 7-Week High while Silver Jumps 1.9%
2012-01-27 01:59:35
Gold rallied to a seven-week high Thursday as follow-through buying remained strong from soaring ...
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Gold rallied to a seven-week high Thursday as follow-through buying remained strong from soaring prices on Wednesday that resulted from the Fed's decision to keep interest rates near zero through late 2014. The U.S. dollar has been pounded by the news which has also supported gold, opined analysts.
Gold prices tacked on $26.60, or 1.6%, to $1,726.60 an ounce in the February futures contract on the Comex in New York [...]
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Dealers and Collectors Praise News of PCGS Hong Kong Coin Grading Services
2012-01-26 23:47:54
The recent announcement that Professional Coin Grading Service (PCGS) has established a Hong Kong- ...
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The recent announcement that Professional Coin Grading Service (PCGS) has established a Hong Kong-based authentication and grading service, Collectors Universe (Hong Kong) Ltd., has received enthusiastic response from some of Asia's most respected rare coin dealers and collectors.
Guidelines and submission forms on how to submit coins to PCGS in Asia will be announced soon in conjunction with the Hong Kong Coin Convention and Antique Watch Show, April 6 - 8, 2012 [...]
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