By September 28, 2011 0 Comments Read More →

Daily Bullion Market Update 9/28/11

By Barry Stuppler – MintStateGold.com

GOLD

As the 17 Eurozone countries continue to vote on the debt bailout program, the gold market appears to have stabilized in a $1,600 to $1,675 trading range. Gold will benefit from increased investment demand if there is a split between 17 Eurozone member countries over a proposed $149 billion bailout package for Greece.  At 11 am PDT, gold is trading near the lows of the day at $1,606.40, down $44.80 per ounce in active trading.

SILVER

Silver is down $1.60, trading at $30.12 per ounce at 11am PDT. It’s important that silver stays above $30 per ounce to build support.  The volume of trading in Asian, European, and domestic markets has been extraordinarily high.

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.

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