U.S. Coin Collecting: Numismatice News

Gold Prices Retreat Slightly, Silver Declines 0.7%
June 16, 2010 at 3:17 PM

Bullion update ... New York gold prices shifted slightly lower on Wednesday as a variety of factors to include profit-taking, increased risk appetite, and a stronger U.S. dollar were cited for the yellow metal's $3.90 decline.

Silver and platinum retreated the most as compared to the other precious metals. Each fell 0.7 percent.

In other markets, crude oil extended yesterday's 2.4 percent advance to finish at a six-week high while U.S. stocks were mixed with the major indexes closing near Tuesday's levels.

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Austria 2010 5€ Coin Features Grossglockner Alpine Road
June 16, 2010 at 9:54 AM

Hannibal crossed the Alps with elephants, Caesar marched over them, Napoleon rode across, ladies and gentlemen were carried across in chairs, but the Grossglockner High Alpine Road enables the crossing from the province of Salzburg to Carinthia in the south by motorcar, bus, motorbike or even bicycle, and that over Austria's highest mountain — the Grossglockner.

Austria 2010 5€ Grossglockner Alpine Road Commemorative Coin
(Click image to enlarge)

On 3rd August, 1935, the high alpine road over the Grossglockner mountain pass was officially opened to traffic. From 1930 till 1935 during 26 months of construction, 870,000 cubic meters of earth and rock were moved, 115,750 cubic meters of retaining wall were built and 67 bridges were erected.

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Gold, Silver, Metal Prices Commentary – June 16, 2010
June 16, 2010 at 6:53 AM

Bullion update ... The Pain in Spain Falls Mainly On…

Good Morning,

Well, nobody expected an inquisition in…Spain, again. Yet, that is exactly what throngs of financial media reporters did following rumours of a Greek-style bailout package being prepared on behalf of the country by the IMF/EU teams.

The media's chief weapons; persistent questioning of the authorities, as seen for example, in the El Economista. Will Spain cave in? Will it be able to outline budget trimming measures that satisfy targets? Will the euro be subjected to more torture? Whither Gallegolandia? As they say: "¿Quién Sabe?"

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© 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.