Gold, Silver, Metal Prices: Commentary – 10/30/2009

GDP: Great Day to Play Good Day, Friday’s market sessions in precious metals started off on a tamer note, following the best gains in gold in three weeks. Explanations follow. The recapture of the $1045 area is noteworthy, although analysts we polled during the wee hours overseas are trying to define the move as everything [...]

Heritage Auctions Realizes $8.7 Million in Dallas U.S. Coin Auction

1879 Flowing Hair stella leads the way with $161,000; strong prices signal optimism in the market DALLAS, TX — With a sell-through rate of 90% by lot and 88% by dollar value, and almost 3300 bidders, Heritage Auctions’ Oct. 23-24 Dallas Signature® U.S. Coin Auction soared to $8.7 million total. All prices include a 15% [...]

Gold coin issued to mark Abu Dhabi Grand Prix

A commemorative gold coin has been launched by the United Arab Emirates Central Bank to mark this year’s Formula 1 Etihad Airways Abu Dhabi Grand Prix. The coin is 65mm in diameter and weighs 313g. It bears images of the late Zayed bin Sultan Al Nahyan and president Khalifa bin Zayed Al Nahyan on the [...]

Tyre Pressure Monitoring System Saves Ferrybridge Time and Money

The foresight to fit their Terex TS40 motor scraper with a tyre pressure monitoring system (TMS), as part of a tyre-management programme with Wakefield-based Earth Mover Tyres, has saved Ferrybridge power station both expense and downtime when a wheel bearing on one machine overheated. The alarm built into the TMS in the driver’s cab sounded [...]

Gold’s New Ally

The Daily Reckoning If you’ve invested in gold, you’re about to gain a powerful ally: pension funds. “I think the largest institutions like our own are realizing that we barely own any [gold]” Shayne McGuire, head of the Teacher Retirement System of Texas said in an interview in Hong Kong very early this morning. “The [...]

2009 American Buffalo Gold Proof Coin to be Released by U.S. Mint on October 29th

The United States Mint announced today that it will begin accepting orders for the one-ounce 2009 American Buffalo Gold Proof Coin at noon Eastern Time (ET) on October 29, 2009. Its price will be based on the United States Mint’s pricing structure for numismatic products containing precious metals. To view current pricing information, visit http://www.usmint.gov/pressroom/index.cfm?flash=yes&action=goldplat. [...]

India’s Gold Man

The Daily Reckoning We just visited India’s biggest gold market maker. We entered a decrepit building with towering slums around it. We got in a creaky elevator little bigger than a phone booth, with an attendant who opens and shuts the door. The elevator looked about a hundred years old. We got to our floor [...]

Greenlight’s Einhorn Predicted Lehman Brothers’ Fall; Buying Gold

By Jennifer Ablan and Joseph A. Giannone Mon Oct 19, 2009 5:17pm EDT NEW YORK, Oct 19 (Reuters) – David Einhorn, the hedge fund manager who had warned on Lehman Brothers’ precarious finances, on Monday said he is buying gold and betting that interest rates will rise as he lambasted the U.S. government’s financial chiefs [...]

Gold’s Real Inflation Adjusted High Is $7,150/oz

Mark O’Byrne submits: Gold Gold is trading at $1.063/oz this morning and traded between $1,048/oz and $1,066/oz over the last 24 hrs. In EUR and GBP terms, gold is trading at €710/oz and £648/oz respectively. Gold continues to gradually eke out gains and consolidate at near record levels on continuing oil strength and dollar weakness. [...]

2009 Isle of Man Christmas Angel Gold Coin

Every Christmas the Isle of Man releases a special 1/20oz Gold Angel of which only a limited number are struck. The privy mark on its reverse reflects the 12 Days of Christmas theme, which make the Angel Coin unique. This year the 2009 Christmas Angel design features both traditional and new design elements. Since medieval [...]

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