Daily Market Report 06/25/12

GOLD
Gold has traded from the opening gun this morning, moving up in Asia and higher after New York started trading. With the value of the U.S. Dollar higher and energy and equities lower the higher Gold price is surprisingly strong. The European Debt Crisis continues to dominate the news, and the indecisiveness of Euro zone leadership is causing the world’s financial markets to be weaker. At 11am PDT, Gold is up $13.00, trading at $1,586.30 per ounce on excellent volume.

SILVER
It’s about time that investors recognize how undervalued silver is at $27 per ounce. On Friday, with Silver trading at $26.66 per ounce, the Silver/Gold ratio was over 58 to 1, the highest ratio since 2010. Today, we are seeing Silver finally increase at a greater percentage then Gold. At 11am PDT, Silver is trading at $0.66 per ounce, up $27.66 per ounce on strong demand.