Daily Market Report 4/29/13

GOLD

Gold opened higher this morning in Asia, Europe, and the U.S., based on reports that physical demand around the globe is increasing while inventories are dropping. Gold coin sales by the U.S. Mint are running at the highest level since December 2009.

Gold sales and volumes at Chow Sang Holdings International’s 44 retail stores in Hong Kong more than doubled from a year ago during the period from April 13 to 27. The CME reports that Gold inventories monitored by the COMEX tumbled last week to the lowest level since July 2008.

At 11am PDT today, Gold is trading at $1,472 per ounce, up $18 from last Friday at the same time.

SILVER

Silver tested $24 earlier this morning and held. At 11am PDT today, Silver is up $0.47, trading at $24.27 per ounce.

The April 2013 CoinStats is now available

Our numismatic CoinStats quarterly report is the best investment tool for rare coin investors. CoinStats is an in-depth statistical analysis of popular rare coin series that allows you to identify the best values in U.S. certified rare coins. I am proud to offer this unique and informative tool exclusively to our clients. The April 2013 CoinStats report is now available for $20 Gold Saint Gaudens, $20 Gold Liberties, Morgan & Peace Silver Dollars, and the Walking Liberty Half Dollar series.

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For the latest CoinStats analysis, just put CoinStats in the subject line and email me which series you would like to see.