Sunday, August 14, 2016

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

October 30, 2009 by · Leave a Comment 

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

October 29, 2009 by · Leave a Comment 

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% [...]

Some Ironic Possibilities for the British Pound

October 29, 2009 by · Leave a Comment 

Clive Corcoran submits: The following are some musings on the U.K. economy, prompted by an adage that seems quite appropriate for our times of thinking the unthinkable. The U.K. public finances are in dire straits with a likely deficit this year well in excess of £200 billion and with red ink as far as the [...]

Gold to Rise to $2,000 Amid ‘Massive’ Inflation, Superfund Says

October 29, 2009 by · Leave a Comment 

By Kim Kyoungwha Oct. 28 (Bloomberg) — Gold may rise to a record $2,000 an ounce in the next three years as investors hedge against “massive” inflation sparked by governments printing money, according to Superfund Financial Singapore Pte’s Aaron Smith. “In the next few years, after the deflation cycle, we’ll see massive inflation,” Managing Director [...]

More Coins, Articles and Features Added to Coin Collecting News Web Site

October 27, 2009 by · Leave a Comment 

(San Antonio, TX) – CoinCollectingNews.org was originally designed as a quick hub where interested parties could learn about the latest coin news from leading sources. While this feature continues as the site’s trademark, Coin Collecting News recently expanded to offer brand new resources and more than 150 pages of quality information relevant to the hobby [...]

India MMTC tender set to boost SA coal

October 27, 2009 by · Leave a Comment 

The South African coal market is set to be boosted further by India’s state-owned trading firm MMTC’s tender for 12,5-million tons, Indian traders participating in the tender said. Indian demand for South African coal has been the most important factor supporting prices at over $60/t FOB Richards Bay throughout this year. Read more….

Gold, Silver, Metal Prices: Commentary – 10/26/2009

October 26, 2009 by · Leave a Comment 

Fun(d) and Games Good Day, Dollar weakness was manifest once gain as the new trading week got underway, with the US currency recording a fresh 14-month low against the euro overnight. The greenback also slipped on the trade-weighted index, losing 0.13 to 75.31 at last check. This morning’s macroeconomic news reveals a mixed bag of confidence, one [...]

Gold inches up as dollar retreats against euro

October 26, 2009 by · Leave a Comment 

Gold inched up towards $1 060 on Monday as the dollar fell to a 14-month low against the euro, but weak physical demand capped the upside for bullion. After hitting record highs above $1 070 per ounce on October 14, gold prices have traded in a narrow range, centering around $1 060, with support near [...]

Gold’s New Ally

October 24, 2009 by · Leave a Comment 

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 [...]

Gold, Silver, Metal Prices: Commentary (10/23/2009)

October 24, 2009 by · Leave a Comment 

A Turkey for Turkey, The UK Lays an Economic Egg, and Russia Sells…Gold?! Good Day, Gold prices continued to remain ‘in the zone’ (the $1040-$1070 zone, that is) overnight, with little in the way of fresh market-impactful news making their way into the media stream. The US dollar remained at or very near the 1.50 [...]

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