By December 21, 2011 0 Comments Read More →

Daily Bullion Market Update 12/21/11

By Barry Stuppler – MintStateGold.com

GOLD

Gold stayed above $1,600 per ounce for the past 24 hours. Gold traded from $1,604 to $1,630 on heavy volume as the European Central offered unlimited three-year loans to banks, who were urged to take the funds as a part of emergence concerted efforts to ease severe strains across the Eurozone’s financial system. Eurozone banks need help to overcome €720bn worth of funding due to mature next year. At 11am PDT, gold is trading at $1,613.40 per ounce, down $2.60 on excellent volume.

SILVER

It appears as Silver has established a $29 to $30 per ounce trading range. There is excellent buying at $29 per ounce, while $30 brings in silver sellers. At 11am PDT, silver is down $0.21, trading at $29.34 per ounce on normal volume.

Posted in: Bullion & Metals

About the Author:

Barry Stuppler & Co. offers a great selection of gold and silver, rare and investment quality coins to our valued clients. As the current elected president of the 30,000 member American Numismatic Association (ANA) and the president of the California Coin and Bullion Merchants Association (CCBMA), Barry Stuppler brings expertise and integrity to the numismatic trade.

Post a Comment

LinkedIn
 
LLC. Copyright © 2014 All rights reserved. No portion of this site may be reproduced or copied without Written Permission
PO Box 916909 Longwood, Florida 32791-6909 | Office Hrs M-S 7:00AM-7:00PM | Toll Free: 800-579-5228 | Email:news@coinweek.com