Daily Market Update 1/28/11

Wow, What a day for Gold & Silver.

Gold hit $1,308 and silver traded at $26.65 in overnight metal markets. Then based on strong demand generated by Egyptian civil unrest and rioting over food inflation (17%), unemployment (10%) plus blatant corruption from the ruling party the markets started moving dramatically.  Oil increased $3, Gold rallied $40 and Silver $1.40 from the early lows, while the New York Stock Market DJIA dropped 166 points. The unrest in Egypt and the reactions of precious metals and our stock markets is just another reminder why Gold/Silver needs to be a sizeable part of your investment strategy.

In Southern California tune into Talk Radio 790 KABC or listen nationwide at www.kabc.com on Saturday night at 9pm PST, for my weekly precious metal commentary on the “What’s it Really Worth” radio show.