Silver Dollar Values Will Most Likely Be Soaring Together With $50+ Silver & Gold Pushing $2,000

June 4, 2011 - PRLog -- Gold along with other precious metals retrieved most if not all of Thursday’s losses as the US dollar slipped further on the trade-weighted index this morning and as sentiment shifted towards a safe-now-rather-than-sorry-later trading position paradigm forward with the long vacation weekend. With uncertainty concerning Greece and with oil yet again about one dollar over the century mark, the trading bulls had the upper hand in the start of the final session of this week.

Spot gold closed at $1,543.40 per ounce having a gain of $8.60 as the US dollar traded 0.62 lower at 73.71 on the aforementioned index. Silver climbed 14 cents to close at $36.29 but was nonetheless some distance through the resistance degree it approached and turned away from previously in the week at $39 the ounce. Platinum advanced by $17 to start Friday’s dealings at $1,800.00 while palladium remained unchanged at $764.00 an ounce. Visit http://silver-dollar-values.com for more profitable silver and gold tips.

The G-8’s meeting in Deauville was expected to also include discussions on the state of the world’s economic system however it was not expected to yield any substantial statement around the subject, because the principal focus for the leaders in attendance was the Arab Awakening and its results of international geopolitical balance. The one thing the G-8 did care to say in connection with the global economic system (one which, by-the-way, it sees as being on the right track to strengthening and thus affording the opportunity to reduce deficits as a result) was the unwelcome spike in commodity prices.

That development threatens to derail the very progress towards the financial conditions’ normalization that various stimulus programs were meant to ensure. In fact, rising power and food expenses made for the reappearance of that almost all elusive of manifestations in some 28 months in Japan; inflation was on the economic map in April. Regardless of the gains in the pace of inflation, the Bank of Japan is largely expected to continue to add more stimulus programs to be able to support Japan’s quake-impacted economy. Visit http://silver-dollar-values.com/Selling-Gold/ for more profitable silver and gold tips.

US personal incomes and spending each rose in April, however, the spending element gained traction through the smallest amount in 3 months and by less than had been projected. High prices in the local gasoline pump were blamed for the sluggishness in spending. Meanwhile, core inflation remained at 1% on the year-on-year basis, while US consumer sentiment showed an improvement throughout the present month. The figures gave the Dow a little lift this early morning. However, not all was good news; pending house product sales fell by nearly 12% within the US including traction towards the school of thought that believes that the idea of homeownership in general is coming under serious scrutiny by individuals within the post-crisis period. Visit http://silver-dollar-values.net for more profitable silver and gold tips.

As well, the conclusion later today of an emergency political celebration meeting in Athens will probably be around the list of to-watch items for various marketplace participants. The EU has cautioned Greece that it might not receive additional aid unless of course it can demonstrate a reassuring level of political consensus over reforms and austerity measures. The country stays around the verge of insolvency even following it had been offered 155 billion dollars in EU and IMF help. Now is an outstanding time to make investments in gold and silver while the prices are still fairly inexpensive.

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