Monday, October 29, 2007


Gold continues to rally amid a weak U.S. Dollar and rising oil prices.

December gold closed at $792.60 an ounce in trading on Monday.

Saturday, October 27, 2007


The AMEX Gold Bug Index is once again on the verge of a breakout above the 420 level.

Sunday, October 21, 2007



The AMEX Gold Bug Index successfully tested support at the 400 level.

Thursday, October 18, 2007

Gold extended its gains on Thursday amid continued weakness in the U.S. Dollar.

Gold futures for December jumped $6.40 to settle at $768.70 an ounce,

Silver futures rose 5.3 cents to $13.803 an ounce.

Monday, October 15, 2007


In NYMEX trading on Monday, gold for December delivery gained $8.40 to finish at $762.20 an ounce. This is the highest close for a front-month contract in 28 years.

Sunday, October 14, 2007

The U.S. Mint has once again halted the sale of Gold Coins due to rapidly increasing Gold Prices.

The U.S. Mint first suspended sales on Sept 13 by halting sales of “W” uncirculated gold American Eagles and bulk sales of four-coin gold American Eagle proof sets. These have yet to be re-offered.

This week the Mint once again suspended sales of certain coins when all Platinum “W” uncirculated American Eagle were pulled from the market.

A message on the U.S. Mint website read: “Due to the increasing market value of platinum, the American Eagle Platinum Uncirculated Coins are temporarily unavailable while pricing for this option can be adjusted; therefore, no orders can be taken at this time.” The OLD Price was : $1,489.95

On October 9th sales of American Buffalo Gold Proofs were suspended.

Statement from U.S. Mint website: "Due to the increasing market value of gold, the American Buffalo Gold Proof One Ounce Coin is temporarily unavailable while pricing for this option can be adjusted; therefore, no orders can be taken at this time.” The OLD price for the Proof Gold Buffalo’s was : $825.95. Gold bullion was trading in the $730s per ounce when Buffalo coin sales were suspended.




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Sunday, October 07, 2007


Gold prices would have to hit $2,119.84 an ounce to match the historic high of $850 set in 1980 on an inflation adjusted basis.