Daily Market Update 1/27/11

Based on yesterday’s trading activity I guess I jumped the gun in regard to the correction in Gold & Silver.
Based on Europe’s central bankers stating that key central banks are committed to keep inflation at bay, and
crude oil hitting a fresh seven-week low, Gold & Silver continue their price corrections. Gold closing
at $1,315 and Silver at $26.95 an ounce.  There should be massive support for gold at $1,300 and Silver looks
very attractive at the current price.

The Federal Reserve’s Federal Open Market Committee unanimously voted again to hold its key interest rate
at the record low 0% to .25% range and vowed to continue with its $600 billion Treasury buying program,
confirming the fundamentals for continued raises in gold and silver prices.