Daily Market Report 01/09/12

 GOLD

Gold traded in a very supportive narrow range this morning. The low/high was $1609/$1623, a very tight $14 per ounce trading range on excellent volume.  At 11am PDT gold is at $1,612.10, down $6.90 per ounce.  Gold prices lost more than half a percent today. This, after the momentum that pushed prices up 3 percent last week fizzled, the U.S. dollar’s weeklong rally continues and we see growing worries about the euro zone debt crisis. Many Gold investors are pinning their hopes on further monetary easing from the US Fed and Eurozone’s ECB to propel gold to new highs this year. 

SILVER

The volume of silver trading is picking up as silver tries to stay above $29 per ounce.  At 11am PDT, silver is trading at $29.04, up $0.12 per ounce on good volume.  Silver traded in a narrow range today, the low/high was $28.70/$29.35, a $0.65 per ounce trading range.

2012 First Strike U.S. 999 Silver Eagles

We expect to have our first shipment of the 2012 1oz Silver Eagles next week. Our first shipments of U.S. Mint sealed boxes of .999 U.S. Silver Eagles are considered First Strikes.  You can lock in purchases of 100 or more 2012 Silver Eagles at today’s low prices. First Strike, mint sealed Green Monsters (500 pieces) are very popular for collectors and investors.  Call the office and speak with David or myself for current prices, 888-454-0444.

I just returned from a major Coin Convention in Florida, read my rare coin report at:

https://www.mintstategold.com/investor-education/cat/markets/