mines prices markets

mines,gold,silver,oil,gazz,coal,prices,market,asia, europa,america,africa

PRLog (Press Release) – May 21, 2011 – Gold and silver prices ignored a more powerful U.S. dollar and gained ground as Eurozone financial debt concerns took center stage. Gold for June shipment added $ 16.50 to close at $ 1,508.90 per ounce in the Comex division with the NY Mercantile Trade. The gold price has exchanged as higher as $ 1,515.80 and has hit a reduced of $ 1,486.40. The spot gold price was increasing by $ 20, based on Kitco’s gold index. Tested and Proven, Safe and Easy Ways to Buy Silver and Gold http://www.silver- dollar-values.com/ Selling-Gold/

Silver prices rose 15 cents to shut at $ 35.08 per ounce. The U.S. dollar index was adding 0.38% to $ 75.38, however the euro was tanking 0.8% in opposition to the dollar and gold in euro conditions was much more than 2%. Gold and silver rounded out a week of mixed trading having a pop aided by resurfacing Eurozone sovereign financial debt woes and concerns that some type of Greece default is unavoidable and would contaminate the remainder of Europe.

Supposedly the German Bundesbank also stated that Germany’s economic climate would slowdown. Germany is the strong nation within the EU, accounting for your vast majority of development within the area. Based on the EU Commission, Germany is anticipated to develop 2.6% in 2011, however the Bundesbank’s feedback today warned of the lack of momentum. The nation can also be seeing regularly greater expenses with producer costs jumping 6.4% in April due primarily to fuel costs.Tested and Proven, Safe and Easy Ways to Buy Silver and Gold http://www.silver- dollar-values.com/ Selling-Gold/

Technical investing is an additional catalyst for gold as well as silver’s rally Friday. Options expiration for the precious metals is next Wednesday, leading to lots of shuffling of positions.

Gold as well as silver had been slightly volatile this week on the slew of news that provided small clarity on fiscal policy direction. The Federal Reserve’s FOMC minutes launched Wednesday had been much less hawkish than feared, but curbing the cash supply within the marketplace is nonetheless around the top of its to-do checklist. The dollar had a volatile week in opposition to the euro as Greece’s financial debt issue played second fiddle to figuring out a brand new head of the IMF. Any kind of rally in gold and silver was met by revenue taking whilst any substantial dip was met with purchasing.

The SPDR Gold Shares, the largest physically backed ETF, shed much less than one ton, highlighting the lack of conviction from purchasers and sellers. Tested and Proven, Safe and Easy Ways to Buy Silver and Gold http://www.silver- dollar-values.com/ Selling-Gold/

David Banister, main investment strategist at ActiveTradingPartners.com, states predicting exactly where gold and silver will go subsequent is really a small difficult right now. “I think it’s unlikely that we get any lower than $ 1,440. My current forecast is actually for that $ 1,462 to hold.” Once gold shakes out this correction, Banister thinks it will attack new highs of $ 1,625 sometime 1167291536 in the summer. Banister believes that $ 1,625 gold indicates that silver will probably be at $ 41/$ 42 an ounce soon.

Most specialists believe that gold and silver will carry on to discover direction through the U.S. dollar. Because the currency weakens, metals move greater because they retain much more worth and inversely once the dollar strengthens, the safe haven assets turn out to be a much less thrilling location to stash money. In spite of the reality the dollar was powerful Friday in opposition to the euro, gold and silver nonetheless rallied on safe haven purchasing. This is a great time today to buy gold and buy silver while the prices are still relatively inexpensive.

Silver Dollar Values is the premier coin price guide website for information on old coin values and silver dollar values, as well as gold prices, silver prices, silver bullion, gold bullion, gold coins and much more.