Archive for March 13th, 2010
Silver Investment – Bull Market Or BS ?
Free ebook www.goldbuzzer.com Learn “All You Need To Know About Precious Metals” & get .9999 pure gold bars at honest prices. I still don’t understand why some people are willy to pay some outrageous price when they could buy gold bullion at prices very close to spot price. For more info gold, silver, bullion and coins visit www.goldbuzzer.com Daily Market Update on Gold Price & Silver Price Gold prices plunged 2.5% on Thursday, or as much as $38, to settle at $1103.65. The precipitous drop was caused by a 1.3% jump in the US currency against the Euro amid concerns about the fiscal stability in some EU member states, following the Standard & Poors downgrade of Greece. Gold has stabilized in the morning trade on Friday, and is currently up some 0.6% compared to yesterdays close. At 12:00 CET, it is trading at $1105.40 per ounce. While the Feds citing of an improvement in the housing and labor markets has had some adverse effect on gold, the Feds promise to maintain interest rates near zero for an extended period of time will continue to support higher gold prices in the near term. Silver was also sharply lower on Thursday, falling more than 3%, to settle at $17.21. In the morning trade, silver is trading nearly unchanged, at $17.24. The trend in silver prices in the short-term will continue to approximate that of gold. As indicated in earlier newsletters, volatility in bullion prices will continue to persist. This is only the short-term trend that will, most likely …