For thousands of years Precious Metals (PM) such as Gold (Au) and Silver (Ag) have been utilized as real money for exchange, wealth store, and metric of value. While I am NOT an advocate of one single commodity backing our money (like a gold standard), I do believe that the price trend of PMs are the most important indicators of the value of fiat money, plus the crimes of corrupt banking corporations and governments that manipulate PM prices. The "Canary in the coal mine" is Gold - AuCanary.
Today's FINVIZ 5 Minute Charts - (for other charts go to the bottom of this page)
Click HERE for more real-time ADVANCED CHARTS and see the bottom of this page for more real time price updates.
FINVIZ - Financial Visualizations and Charts here: here.
At 8:04 AM (CT) the APMEX precious metals prices were:
Gold price - $1,409.20
Silver price - $33.02
Platinum price - $1,793.10
Palladium price - $786.60
COMMENTARY: The stock market seems to be on the move with oil starting to stabilize over news from Libya that Moammar Gadhafi’s grip is slipping, especially in the oil-rich eastern region. The domestic economic news revolves around a revision to the Gross Domestic Product (GDP) for the 4th quarter that actually downgraded the GDP from 3.2 originally to 2.8. This report confirms the Federal Reserve’s concerns over growth being tied so heavily to unemployment. This report is easing inflation concerns, as the Federal Reserve will look to continue with their QE2 plans and try and keep interest rates lower.
Gold spot price is down $7.60 – Silver price is down 25 cents – Platinum spot price is up $5.30 – Palladium price is up $6.90