Daily Market Report 2/1/13

GOLD

U.S. Department of Labor reported today that in January the labor force increased by 157,000 workers, weaker than in December, when 196,000 jobs were added. The unemployment rate stayed at 7.9% in January. A disappointing jobs report helped drive Gold higher in early trading, reaching $1,680 per ounce. At 11am PDT Today, Gold is up $9.00 per ounce, trading at $1,671 per ounce on average Friday volume.

SILVER

The U.S. Mint reported today that January 1oz Silver Eagles sales were 7,498,000, an all-time record high. This is an extraordinary number and confirms that domestic demand for physical Silver investment products is alive and very healthy. At 11am PDT today, Silver is trading at $31.90 per ounce, up $0.45 per ounce on normal volume.