Daily Market Report 2/25/13

GOLD

This morning in Asia, Europe and the U.S. we saw strong demand for gold and silver. Gold was up from the opening and reaching $1,594 per ounce during trading. At 11am PDT today gold is trading at $1,587, up $13 per ounce on excellent volume. 

Moody’s Downgrades Great Britain’s Debt

Moody’s dealt Britain its first sovereign rating downgrade on Friday, saying the $2.5 trillion economy faced years more sluggish growth and debt would continue to rise until 2016.

SILVER

Silver took its bullish trading direction from Gold and was also up from the opening in Asia. At 11am PDT today, Silver is up $0.40 per ounce, trading at $29.02 per ounce on good demand.

This week I am really excited to announce that my 2013 Hyperinflation booklet is now complete and has been mailed out to over 2,000 clients. This Hyperinflation study has been totally revised from last years and now contains 40 pages of pictures, charts, and graphs, plus a table of contents that allows you to locate the information that is of special interest to you. In addition to mailing you two copies (one for you and one for a friend), I have posted the PDF on our website. http://www.mintstategold.com/Hyperinflation/