It looks like China allowing private ownership of PMs has had a good effect ? I really think Silver will do well, simply because more people can afford it. I mean a lot of Chinese might ne able to get a roll of silver quarters who cannot affort a gold coin.
Anyone can tell what'll be the weekly average gold price for this Wednesday? I wonder if the mint will raise the price on AGB and AGE again.
Gold Oct 12, 2010 08:47 NY Time Bid/Ask 1352.20 - 1353.20 Low/High 1339.90 - 1353.60 Silver Oct 12 2010 8:47AM NY Time Bid/Ask 23.27 23.29 Low/High 22.91 23.29
Gold Oct 12, 2010 18:38 NY Time Bid/Ask 1352.10 - 1353.10 Low/High 1339.90 - 1354.30 Silver Oct 12 2010 6:38PM NY Time Bid/Ask 23.31 23.34 Low/High 22.91 23.50
goldman sachs prediction: gold at $1,650.00 within 12 month. http://www.kitco.com/reports/KitcoNews20101012AS_GLMN.html
Gold: Oct 12, 2010 21:16 NY Time Bid/Ask 1353.10 - 1354.10 Low/High 1339.90 - 1355.10 Silver: Oct 12 2010 9:16PM NY Time Bid/Ask 23.41 - 23.43 Low/High 22.91 - 23.50
Gold: Oct 12, 2010 21:22 NY Time Bid/Ask 1355.10 - 1356.10 Low/High 1339.90 - 1356.10 Silver: Oct 12 2010 9:22PM NY Time Bid/Ask 23.46 - 23.48 Low/High 22.91 - 23.51
gold: 2011 - $1,650.00/oz. 2012 - $2,000.00/oz. 2013 - $2,375.00/oz. silver: 2011 - $30.00/oz. 2012 - $40.00/oz. 2013 - $52.50/oz.
You are stone cold correct.....There has been a huge demand in China for silver jewelry lately, as most Chinese can not afford gold due to unfair wages and such.
Barring a big run up today (Wednesday), the price will stay in $1300-$1349.99 range where it was last week. Kitco publishes the London PM Fix on their website daily. http://www.kitco.com/gold.londonfix.html
gold today high - $1,362.20/oz. silver today high - $23.64/oz. gold all time record high - $1,365.70/oz. silver 30 year high - $23.69/oz.
Gold Oct 13, 2010 10:18 NY Time Bid/Ask 1367.20 - 1368.20 Low/High 1354.20 - 1368.90 Silver Oct 13 2010 10:18AM NY Time Bid/Ask 23.65 - 23.67 Low/High 23.39 - 23.71