Gold closed in New York at $1,557 and the picture looked glum. Ahead of London's opening goldhad jumped ton $1,570, while the euro jumped strongly to €1: $1.2589 from $1.2450, 140 cents higher. The gold Fix was set at $1,569.50 the same as yesterday and in the euro €1,258.50. Ahead of New York's opening, gold jumped to $1,584.00 and in the euro, €1,257.64 while the euro was at €1: $1.2595.
Silver Today – Silver closed in the States at $26.44 then jumped to fixed at $27.08 at the London Fix. Ahead of New York's opening at $27.33.
Gold (very short-term)
Gold will follow the euro, today in New York.
Silver (very short-term)
Silver will follow the euro, today in New York.
Price Drivers
Gold & Silver – Traders were caught reading the technical too closely in New York and managed to paint that picture as weak, going weaker. The amazingly the E.U. leaders came out with a plan to use the bailout fund to bailout the banks directly [plus other more cosmetic moves]. Spain's 10-year yields exceeded 7% yesterday and Italy auctioned 10-year notes at 6.19%. Germany borrows at 1.5% for the same time periods. These moves should see these costs drop heavily and boost the prospects for the continuation of the E.U., until real banking Union in the E.U. is achieved, improve.
This positive step caught a jaundiced market off guard and they all reacted positively including goldand silver. The euro rallied a full one percent immediately taking the precious metals with it. Why, because the markets read this as a weakening dollar and have built in a knee jerk reaction thatgold goes the opposite way to the dollar. That's why the gold price jumped $23 before London even opened.
The question is, does the market see this as halting the banking crisis in Europe? If so the euro will get stronger and take gold with it. If not, then expect more consolidation.
Of note was the speed gold turned around from what appeared to be a break in support. Traders are becoming hesitant to push gold and silver down further.
Silver – Silver jumped higher outpacing gold right through $27 as it continued to react to monetary news and follow the euro. This reaffirmation of its close ties to the gold price and the euro implies that it will as strong as the E.U. leaders resolve to bolster the Eurozone.
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| Canadian HMS Shannon $2 Coin Commemorates War of 1812 |
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The 2012 $2 HMS Shannon Commemorative Coin launched on June 18, 2012 and acknowledges the important place the Royal Navy ship holds in the history of the conflict. Hostilities during the War of 1812 were fought between forces of the United States of America and those of the British Empire. |
| Marines Medals, 2012-W Gold Eagle, $1 Coin Sets End US Mint June Releases |
| Next week is the last week of June, and the United States Mint will end it with product launches that include a collector Gold Eagle, two four-coin dollar sets and two bronze medals for the Montford Point Marines.  Next week in ending June, the U.S. Mint will release two Presidential $1 Four-Coin Sets, the 2012-W Uncirculated American Gold Eagle and two Montford Point Marines Bronze Medals |
| US Coin Sales: New Acadia Quarters and Set Make Top 10 |
 Newly released Acadia quarters and related products were best sellers for the U.S. Mint last week New Acadia quarters in rolls, bags and the three-coin set were among favored collector choices last week, U.S. Mint coin sales show. Each of the new products appeared in the top ten list of weekly sales. Earning the number one spot were two-roll sets containing 80 circulation quality Acadia quarters — 40 from Denver's Mint and 40 from Philadelphia's Mint. Collectors ordered 15,530 in one week. |
| Eliza Johnson First Spouse Gold Coins Taken Off Sale |
 This proof Eliza Johnson First Spouse Gold Coin is no longer available. It joined the uncirculated version which went off sale earlier this month. Eliza Johnson First Spouse Gold Coins are no longer available. The last of the two versions — the proof coin — was taken off sale Wednesday, June 20, 2012. Its companion uncirculated coin was pulled from United States Mint store shelves earlier in the month. |
| Prices May Rise for US Mint Numismatic Platinum and Gold Coins |
 Two of more than a dozen U.S. coins that should see price increases on Wednesday. It looks as though prices will rise for U.S. Mint numismatic gold coins, commemorative gold coins, and platinum coins, if prices of the precious metals they contain do not drop significantly on Wednesday. Recent trends of gold and platinum prices in the London market show a consistent up tick of prices since last Thursday. |
| Acadia Quarter Launch Ceremony and Coin Exchange |
 The Acadia quarter gets officially released in a ceremony on June 26. The U.S. Mint will also conduct a coin forum on the evening before the launch. An official Acadia quarter launch ceremony will occur on Tuesday morning, June 26, 2012 at 9:30 AM Eastern Time (ET), the United States Mint announced today. The ceremony will take place at the Hulls Cove Visitor Center at Acadia National Park, on Route 3 north of Bar Harbor, Maine. For coin enthusiasts, a coin forum will take place on the prior evening. |
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| 2012 Grover Cleveland First Term Presidential Dollar Coin Cover |
| The Chester Arthur First Term Presidential Coin Cover debuts Tuesday, June 19, 2012 at noon ET at a price of $19.95.  Grover Cleveland First Term Presidential Dollar Coin Cover Within the collecting product lineup dubbed by the United States Mint as American Presidency $1 Coin Cover Series, it is the 22nd issued overall and the 2nd released in 2012. Its price is $19.95. |
| Gold, Silver, Metals Up on Week, Solid Sales of US Bullion Coins |
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Other precious metals climbed on the week as well with increases of 0.9% for silver, 4.4% for platinum and 3.0% for palladium. European debt woes and Fed stimulus hopes were principally supportive of gold and tracking silver. |
| 2012 Presidential $1 Coin Cover, SF Quarters in 3rd Week of June |
| The third week of June, spanning from day 18 to 22, tips off new collector products from the United States Mint. Debuting first will be a Presidential $1 Coin Cover, followed later in the week by San Francisco quarters in bags and rolls.  The U.S. Mint in the third week of June will offer a new Presidential $1 coin cover and circulation quality San Francisco quarters honoring El Yunque |
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| 1787 Brasher Doubloon Coin Worth $10 Million Graded by NGC |
| Numismatic Guaranty Corporation (NGC), the world's largest third-party coin grading company, has graded and encapsulated what may be the world's most valuable coin.  1787 Brasher Doubloon Coin |
| 2012 Silver Proof Set in Sales Spotlight |
 2012 Silver Proof Set The top three sellers in the United States Mint weekly product sales figures were made of silver. The spotlight belonged to the new 2012 Silver Proof Set first and then to the 2012 San Francisco Proof Silver Eagle Two-Coin Set. Opening sales for the 2012 Silver Proof Set hit 189,628 in the first seven days. It was released on Monday, June 4. Last year's launch, however, was much better with 209,367 orders in six days, but the annual set was also released earlier in the year and not during a summer month. |
| 2012 Silver Proof Set Sales at 189,628 in One Week |
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Newly released U.S. Mint figures offer first glancing sales for the 2012 Silver Proof Set. Orders reached 189,628 between its launch on Monday, June 4, through to Monday, June 11. The one-week total is an impressive start for the popular numismatic product, but it also represents the weakest one in years for the annual set. |
| 2012 Acadia Park Quarters Released, Rolls and Bags Available |
| A near simultaneous launch of the 2012 Acadia National Park Quarters occurred on Monday, June 11 by the United States Mint and the Federal Reserve Banking System. The new coin features a design emblematic of the national park located in the state of Maine.  Acadia quarters are being offered by the U.S. Mint within rolls and bags Read the rest of 2012 Acadia Park Quarters Released, Rolls and Bags Available |
| Uncirculated Eliza Johnson First Spouse Gold Coin Unavailable |
 Uncirculated Eliza Johnson First Spouse Gold Coin This week the U.S. Mint stopped selling the uncirculated Eliza Johnson First Spouse Gold Coin. The online product page for it may still be found on the Mint's website, but it is now stamped with Sold Out. A message of no longer available would be a better combination of words to use since sales of the uncirculated coin coupled with its companion and still available proof coin are far short of their suggested 15,000 maximum mintage. |
| 2012 American Silver Eagle San Francisco Set Sales at 85,341 |
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One-day unit sales of the 2012 American Silver Eagle San Francisco Set hit 85,341. That accumulates to a dollar total of $12,796,883 at the set's $149.95 price. Released on Thursday, June 7, 2012 at noon ET, the United States Mint reported the set's debuting sales at around 2:30 PM ET on Friday, June 8, 2012. |
| Heritage's US Coin Auction Tops $12.6M at Long Beach |
| Collectors had American gold rarities on their minds May 31-June 3 at the Long Beach Convention Center during Heritage Auctions' $12.67 million U.S. Coins Signature® Auction, as an 1879 $4 Flowing Hair, Judd-1635, Pollock-1833, PR64 PCGS rose to the top of the auction with a final price realized of $184,000. |
| 2010-2012 America the Beautiful 5 Oz Silver Coins, Sales, El Yunque Debut |
 The release of El Yunque National Silver Coins invigorated sales U.S. Mint sales of America the Beautiful Five Ounce Silver Coins had been cooling. They received a jolt following the first 2012-dated release honoring El Yunque National Forest in Puerto Rico. Produced in investment-grade bullion for investors and in uncirculated quality for coin collectors, both versions were recently issued by the U.S. Mint for El Yunque. |
| Australian Map Shaped Coin Series Begins with Kookaburra |
| This week the Perth Mint introduced its new Australian Map Shaped Coin Series with the release of a limited edition silver coin featuring a kookaburra on its reverse.  2012 Australian Map Shaped Kookaburra Coin begins a new series Read the rest of Australian Map Shaped Coin Series Begins with Kookaburra |
| 2012 US Silver Proof Set Released |
| Monday, June 4, the United States Mint began selling the 2012 Silver Proof Set for $67.95, the same price as last year's issue. Like all new releases, the core annual set went on sale at 12:00 noon ET.  Image of new US Silver Proof Set which went on sale for $67.95 |
| Limited Edition Collectible Set for Star-Spangled Banner Bicentennial |
| On Friday, June 1, 2012, the United States Mint began taking orders for its limited edition 2012 Star Spangled Banner Bicentennial Silver Dollar Set.  Collectible Set from U.S. Mint for Star-Spangled Banner Bicentennial Offered for $53.95, the Bicentennial Set is a collectible product created by the U.S. Mint to help celebrate the bicentennial writing of the national anthem as it is directed to do by the Star-Spangled Banner Commemorative Coin Act. |
Gold soared on Friday and consequently for the week as the release of dismal U.S. jobs data fuelled expectations of further monetary stimulus from the Federal Reserve.
Gold prices rallied 3.4% higher than last Friday due to the near $58 jump-start for June. Weekly advances in other precious metals were 0.4% for silver, 0.5% for platinum and 4.1% for palladium.
Read the rest of Gold, Silver Rally for Weekly Gain, US Bullion Coin Sales Ignite in May
| Star-Spangled Banner Bicentennial Silver Dollar Set Released by US Mint |
| Today, June 1, 2012, the United States Mint placed the limited-edition 2012 Star-Spangled Banner Bicentennial Silver Dollar Set on sale for a price of $53.95.  United States Mint image of the Star-Spangled Banner Bicentennial Silver Dollar Set Read the rest of Star-Spangled Banner Bicentennial Silver Dollar Set Released by US Mint |
| US Mint Sales: Debuting Products Lead but Silver Coins Impress |
 Debut sales have been released for Grover Cleveland $1 rolls, bags and boxes and the 2012 US Mint Set Debuting products led U.S. Mint sales but a number of silver coins and a few gold coins also appeared prominently on the sales charts. Newly released 2012 U.S. Mint Uncirculated Coin Sets reached opening sales of 164,459 to lead all collector offerings last week. |
Gold advanced Friday for a sixth straight session, capping a weekly gain of 2.3% after dropping 1.9% last week.
