Daily Market Update 11/28/11

GOLD

Up, up and away! It appears that progress in the Eurozone debt crisis is giving confidence to the global markets. At 11am PDT Gold is up $25 per ounce, trading at $1,709.80 on excellent demand and volume.

Over the long holiday weekend there was a lot of positive news out of Europe and Asia on settling the European sovereign debt crisis, with meeting scheduled for this week.

SILVER

Silver is up $.30, trading at $32.20 per ounce at 11am PDT. Normally, on a $25 move in gold you should see a larger increase in Silver, however concerns over the length of a possible global recession is holding any sharp increase down.

When we heard move information for the ECB and Federal Reserve on quantitative easing or a new stimulus program I may want to be aggressive with silver.

Today’s Weekly Market Report is available at http://www.mintstategold.com/investor-education/cat/markets/