US Mint Silver Eagle Sales Top 3 Million, Best Ever January
US Mint American Silver Eagle sales have already scored their best ever January. Who would have thought? After all, there is still a full week left in the month. On top of that, the bullion coins are rationed, they were unavailable for seven days, and U.S. silver futures tumbled 8.1 percent last week (6.7 percent in London). Yet, January 2010 is now in the history books.
Platinum Overtaking Gold as Metal of Choice With Rebounding Sales of Cars
Even after a record 57 percent rally last year, platinum is cheap relative to gold, signaling more gains as demand grows from carmakers and exchange-traded funds.
Gold Falls in New York on Concern Obama Bank Plan May Curb Commodity Trade
Gold futures dropped to a one-month low on speculation that President Barack Obama’s plan to restrict U.S. bank trading will reduce investment demand for commodities, including precious metals.
Related Posts
- Silver Transcript — Gold and Silver News — More! (12/01/09)
- US Mint Suspends Production of Some Gold and Silver Coins (Again)! (10/07/09)
- Buy Gold or Silver? (11/17/09)
- 2 Charts and News on Gold and Silver (10/22/09)
- Why We Closed Gold and Silver Positions Today (12/04/09)
{ 5 comments… read them below or add one }
Jean,
Anything to say about XRA?
Bert
Yes, things are heating up and they would be even hotter if not very many of the potential best bullion customers, those that were bitten by the stock and housing bubbles, now equally wouldn’t have the money to spend on the ultimate hedge … Do we see a gold bubble?
Hi, Bert
My Red-Hot Global Small-Caps subscribers are out of XRA with two rounds of gains, or should be if they listened to my recommendation. So I don’t have much to say about XRA right now. It did test its 50-day moving average yesterday.
I would like to see some answers on the question’s asked. As they are exactly the questions I also have.
How would I be able to get these answers??? And perhaps chat with other investors on the subject’s.
Ernest, I answered the question on XRA. I can’t answer many specific investing questions, as that would be giving you investment advice. I have told subscribers to my Red-Hot Commodity ETFs and Red-Hot Global Small-Caps services what I expect and what I recommend they do.