Section » Platinum

Soaring Gold and Silver Prices Should Not Be a Surprise to Anyone

Soaring Gold and Silver Prices Should Not Be a Surprise to Anyone

June 19, 2014

The precious metal markets caught on fire in a big way today.  Gold prices surged the most in nine months by over $40 per ounce and silver closed in on $21 per ounce.  After losing 28% last year as short term hot money investors sold out their holdings, gold and

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Sales of Platinum American Eagle Coins Slow Down After Fast Start

Sales of Platinum American Eagle Coins Slow Down After Fast Start

May 3, 2014

US Mint Resumes Production of American Eagle Platinum Bullion Coin The United States Mint first began minting the American Eagle platinum bullion coin in 1997 but suspended production in late 2008 when demand

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Why The $1 Trillion Platinum Coin Idea Won’t Work

Why The $1 Trillion Platinum Coin Idea Won’t Work

January 8, 2013

With the United States rapidly approaching the debt ceiling limit, a dysfunctional and divided Congress appears unable to agree on either spending cuts or an increase in the debt ceiling.  Absent some grand Congressional compromise, America's nonstop trillion dollar deficit spending will rapidly push

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Global Gold Production Set For Major Decline As South African Mines Close

Global Gold Production Set For Major Decline As South African Mines Close

October 26, 2012

Global gold production could drop sharply as South African miners plan to dismiss thousands of workers for illegally striking.  South African precious metal miners have been beset by labor unrest for months as workers protest low wages and dangerous working conditions.  The latest disruption came Wednesday

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U.S. Mint Numismatic Precious Metals Sales Decline

U.S. Mint Numismatic Precious Metals Sales Decline

October 25, 2012

According to Coin Update, sales of numismatic precious metal coins showed weekly sales declines.  Future sales, however, may increase due to an upcoming price decrease

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Platinum Has Soared 17% Since Early August – What Now?

Platinum Has Soared 17% Since Early August – What Now?

September 21, 2012

Since establishing multiple chart bottoms at $1,400 during June and July, platinum has soared along with other precious metals.  Based on the London Fix Price, platinum has soared 16.5% from a low of $1,390 on August 3, 2012 to a September 20 closing price of $1,620. In early August, Gold and Silver

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Platinum Soars $78 On Week As Bodies Pile Up In South Africa

Platinum Soars $78 On Week As Bodies Pile Up In South Africa

August 17, 2012

South Africa continues to be wracked by violence as striking platinum mine workers clash with police.   In a confrontation between police and striking mine workers, a gunbattle resulted in the shooting deaths of 34 miners. The center of the violence is at the Lonmin mine which suspended most production

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Closed Platinum Mines Offset By Stockpile Surplus – Is A Surprise Platinum Rally Coming?

Closed Platinum Mines Offset By Stockpile Surplus – Is A Surprise Platinum Rally Coming?

August 15, 2012

As noted in a recent post, the price of platinum has plunged almost $500 per ounce since last summer (see

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Platinum Perspectives – Time To Buy Or Will The Bears Win?

Platinum Perspectives – Time To Buy Or Will The Bears Win?

August 10, 2012

We last examined the dynamics of the platinum market in February when the platinum

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What Precious Metal Has Performed Best In 2012 And Where Do We Go From Here?

What Precious Metal Has Performed Best In 2012 And Where Do We Go From Here?

March 20, 2012

After the recent volatility in precious metals, let's take a look at the year to date performance of gold, silver, platinum and palladium.  The new year started off with a strong rally across the entire precious metals group which erased some of the losses seen in the second half of 2011. The across

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