Silver Soars to 30 Year High as Precious Metals Resume Upwards Trends
After a brief consolidation below the 50 day moving average in late January, silver resumed its uptrend with a vengeance. The London PM fix price for silver closed at $31.94 up from $30.00 the previous week. Since late January, silver has rocketed $5.50 for over a 20% gain. Silver
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Gold and Silver Recap: Back to Work
Another Precious Week So the holiday season, with decent job creation statistics, has seen some uncustomary cheer for the dollar, and on the face of it this seems to be the main driver for the weakness of gold and silver prices. After all if you’re priced in dollars, and the dollar goes up then your
US Mint Platinum Bullion Coins a No-Show for 2010
For the second year in a row, the United States Mint did not offer platinum bullion coins for precious metals investors. Bullion products available from the US Mint during 2010 included only gold and silver coins. The American Platinum Eagle was last available to the US Mint's network of authorized purchasers
Platinum Price Underperforms Gold, Silver, and Palladium
In what has been a strong year for precious metals, platinum is showing only a modest gain of 13.35% for the year to date. This is below the gains experienced for gold and silver, and far below the nearly 75% gain for palladium. After peaking at $2,273 per ounce in March 2008, platinum dropped precipitously
Gold, Silver, Platinum, Palladium 2010 Second Quarter Performance
Although gold and silver are experiencing a sharp decline today, they recorded strong performance during the second quarter of 2010. Platinum and palladium both posted declines for second quarter, but maintain gains for the year to date. The table below shows the last London Fix Price of 2009 for each
Measuring Declines from the High- Gold, Silver, Platinum, Palladium
For the past few weeks, precious metals have undergone significant, rapid declines. This follows a year of banner performance during 2009. I wanted to take a post to briefly examine
2009 Precious Metals Performance: Gold, Silver, Platinum, Palladium
Precious metals delivered a strong performance during 2009 with strong returns across the major categories of gold, silver, platinum, and palladium. Although gold seemed to dominate the attention of the mainstream press, the annual performance figures reveal that it was outperformed by other
Gold and Silver Eagle Bullion Sales June 2009
The US Mint's sales of gold and silver bullion coins during June 2009 showed increases from both the prior month and year ago levels. The increases came amidst two interesting developments for the US Mint's bullion coin programs. In the middle of the month, the US Mint announced that their long standing
Gold, Silver & Platinum 2009 Second Quarter Performance
With the second quarter behind us, let's take a look at the performance of gold, silver, and platinum for the second quarter of 2009 and year to date. All of the metals posted gains, but at single digit levels. The best performer for the second quarter was silver with a gain of 6.33%, followed by platinum
Platinum ETF and Palladium ETF Coming Soon?
ETF Securities USA recently filed with the SEC to launch exchange traded funds covering platinum and palladium. There are currently no exchange traded funds covering these metals available in the United States. The same firm already offers ETFs for platinum and palladium which trade in Europe. According
