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Gold Edges Lower, Silver Rises 0.9% May 27, 2010 at 3:14 PM Gold ended slightly lower on Thursday, marking the first decline in four days. More risk-taking and a rising euro were credited with pressuring precious metal demand, although silver, platinum and palladium posted attractive gains. News of China's denial that it was reviewing its investments in European bonds was cited at a catalyst in prompting rallies in crude futures and in U.S. stocks, with oil soaring 4.3 percent and major stock indexes jumping between 2.85 percent and 3.73 percent. (...) Read the rest of Gold Edges Lower, Silver Rises 0.9% (2,154 words) © CoinNews.net for Coin News, 2010. | Permalink | No comment | Want more on these topics? Browse the archive of posts filed under Bullion Articles and Precious Metal Reports, Business News.   2010 US Quarters Silver Proof Set Issued May 27, 2010 at 11:57 AM The United States Mint today at noon Eastern Time released the 2010 United States Mint America the Beautiful Quarters Silver Proof Set™ for $32.95. The offering is the first to include America the Beautiful Quarters that are struck in 90 percent silver, which is a reason the set is priced substantially higher than the clad quarters version that launched on May 13, 2010 for $14.95. In fact, the silver set's five proof coins are composed of 0.904 ounces of silver. At the current silver spot of $18.47 an ounce, their intrinsic value alone is presently worth $16.70. (...) Read the rest of 2010 US Quarters Silver Proof Set Issued (227 words) © CoinNews.net for Coin News, 2010. | Permalink | No comment | Want more on these topics? Browse the archive of posts filed under American the Beautiful Quarters, Coin or Numismatic News, New Coin Releases.   US Mint Sales: Bullion Gold Hits 1999 Highs, Silver Eagles Breach 15M May 27, 2010 at 7:39 AM The latest United States Mint sales figures are contrasting. Numismatic coins moved slower as is often the case toward the middle of the year when extended daylight hours offer collecting distractions. But coins struck for investors amped higher, and are shooting for records. Cases in point: Gold Eagles are selling as fast as they were during the Y2K scare; Silver Eagle sales just smashed 15 million in less than five months. More specifically, during the last week alone: (...) Read the rest of US Mint Sales: Bullion Gold Hits 1999 Highs, Silver Eagles Breach 15M (946 words) © Mike Unser for Coin News, 2010. | Permalink | No comment | Want more on these topics? Browse the archive of posts filed under Coin or Numismatic News, Mint Sales Figures, United States Mint News and Information.   Gold, Silver, Metal Prices Commentary – May 27, 2010 May 27, 2010 at 7:19 AM Baubles Sell, Bubbles Swell Good Morning, As has frequently been the case of late, reports that surface one day regarding what China might or might not do about it vast forex reserves, were dismissed the following day by…China itself. In this case, Wednesday's headline "China Reviews Eurozone Bond Holdings" (posted by the Financial Times, no less) turned into "China Stands Pat on Reserves Policy" (thank you, Reuters). Perhaps someday, someone will figure out how book-talk becomes news. Until then we have speculators who enjoy an occasional 'manufactured' set of temporary conditions which play straight into their hands. The euro turned higher, as did European equities, as did Dow futures, following the logical denial coming from China. The country obviously has no intention of self-inflicting collateral damage on an about one-third portion of its huge $2.4 trillion of reserves. Kind of like the late 2009 fall Internet-fueled urban myth about China dumping its dollar holding to buy…euros and gold (or so the story went, at the time). Nothing of the sort happened, but did it ever make for good forum-based chatter… (...) Read the rest of Gold, Silver, Metal Prices Commentary – May 27, 2010 (1,369 words) © Jon Nadler, Kitco Metals Inc. for Coin News, 2010. | Permalink | No comment | Want more on these topics? Browse the archive of posts filed under Bullion Articles and Precious Metal Reports, Business News, Commentary.