Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199


Search Silver Prices
Silver Price
[Most Recent Quotes from] Our RSS Feed

Silver Updates by Mail

Enter your email address:

Follow Us on Twitter
« Eric Sprott and Rick Rule Skewer the U.S. with James West on Midas Letter Money | Main | Supply-side constraints may hit BRICS: PM »

Gold Gains Modestly, Silver Surges 1.9%, US Mint 1 Oz Coins Rise

Precious metals rallied in the first trading day in the second quarter with gains of 0.5% for gold, 1.9% for silver, and 0.7% for platinum and palladium.

Gold prices for June Delivery advanced $7.80 to $1,679.70 an ounce on the Comex in New York. The yellow metal gained for a second session after rising 1.0% Friday and closing the first quarter 6.7% higher. For the day, gold prices moved between an intraday low of $1,664.40 and a high of $1,685.40, according to Coin News.

"Attempts to lift gold beyond resistance at $1,680 or $1,700 could still be in the cards this week, with a potential target of $1,730 or so," notes Jon Nadler, Senior Analyst at Kitco Metals Inc.
"On the support-side, the $1,650 and $1,620 levels are being cited as key numbers that need to hold. Overall, the speculative trade is still concerned about the potential slackening of physical gold demand from key consuming nations such as India and Turkey and about waning investment demand."

Silver prices for May delivery surged 61.4 cents to settle at $33.098 an ounce, ranging from $32.34 to $33.25.

Platinum prices for July delivery climbed $10.80 to $1,654.90 an ounce, trading between $1,640.50 and $1,659.90.

Palladium prices for June delivery added $4.70 to $658.80 an ounce, moving from $651.50 to $666.10.

London Precious Metals

London precious metals were about unchanged for silver to higher for gold, platinum and palladium. When comparing the most recent London PM fixings:

  • Gold tacked on $15.00, or 0.9%, to $1,677.50 an ounce,

  • Silver dipped one penny to $32.42 an ounce,

  • Platinum edged up $1.00, or 0.1%, to $1,641.00 an ounce, and

  • Palladium gained $5.00, or 0.8%, to $656.00 an ounce

Last week, London gold slipped 0.1%, silver advanced 2.8%, platinum declined 1.4% and palladium lost 1.1%.

U.S. Mint Bullion Coins

U.S. Mint distributors started April with orders for the smallest bullion coin and each of the Mint’s one ounce bullion coins, according to the latest sales figures. Buyers grabbed a total of 5,000 ounces of gold coins and 195,000 ounces of silver coins.

The following are the most recent daily, April and year-to-date bullion coin totals as provided by the U.S. Mint.

Sales of U.S. Mint American Eagle and Buffalo Bullion Coins


Daily Gains

April Gains

YTD 2012

American Gold Eagles (1 oz.)




American Gold Eagles (1/2 oz.)




American Gold Eagles (1/4 oz.)




American Gold Eagles (1/10 oz.)




American Gold Buffalo Coin (1 oz.)




American Silver Eagles





Sales of America the Beautiful 5 Oz. Bullion Silver Coins


Prior Weekly

Weekly Gains

All-Time Total

Olympic National Park 5 oz. Silver Coins




Vicksburg National Military Park 5 oz. Silver Coins




Chickasaw Park 5 oz. Silver Coins









 All bullion sales in the above tables are in number of coins sold, not in the amount of ounces sold. The U.S. Mint has not sold five ounce bullion silver coins since Monday, March 26.

Regarding In 2011 we outperformed

Gold by 31%,

Silver by 41%,

S&P by 42%

HUI by 53%.

Our model portfolio is up 445.53% since inception

An annualized return of 91.38%

Average return per trade of 36.17%

97 completed trades, 88 closed at a profit

A success rate of 90.72%

There will be a price increase on the Sunday 8th April 2012, so if you thinking of joining a winning team, do it now and lock in a low price, there are only a few days remaining to take advantage of this offer.

The new fee structure is as follows:

$199.00 will be increased to $499.00 for 6 months

$349.00 will be increased to $799.00 for 12 months

We encourage you to do the due diligence and also to compare us with other services in order to satisfy yourself that this is indeed the right service for you.

Existing Subscribers should note that this increase will not apply to them and will only apply to new subscribers and that all of our current subscribers will continue to subscribe at the rate that they signed up for originally. So those who joined us when the subscription fee was $99.00 will continue to pay that very same $99.00. We hold rates for our existing subscribers as a reward to them for their loyalty to us, which we very much appreciate.

Also many thanks to those of you who have already joined us and for the very kind words  that you sent us regarding the service so far, we hope that we can continue to put a smile on your faces.

To stay updated on our market commentary, which gold stocks we are buying and why, please subscribe to The Gold Prices Newsletter, completely FREE of charge. Simply click here and enter your email address. Winners of the GoldDrivers Stock Picking Competition 2007  

For those readers who are also interested in the silver bull market that is currently unfolding, you may want to subscribe to our  Free Silver Prices Newsletter.

For those readers who are also interested in the nuclear power sector you may want to subscribe to our Free Uranium Stocks Newsletter, just click here. 

PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>