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GoldSilverEagles

April 16, 2009 – Precious metals spot prices have decreased significantly since the recent rally to stocks began, yet many wise investors and market analysts are taking advantage of the recently lower spot prices by purchasing gold and silver Eagles that are considered some of the best bullion products to own during times of economic distress. The latest economic data coming from J.P. Morgan Chase & Co. is saying that they have better than expected earnings results for the first quarter of 2009, and this news almost instantly created confidence in global equity markets while at the same time decreasing the value of gold and silver Eagles due to lower safe haven demand. Unstable stocks are expected to decline in the long term as a direct result of weaker consumer spending which could be devastating for corporate earnings.

By around 3 PM Eastern Standard Time, gold and silver Eagles are continuing to decline as risk-taking demand for equities and bonds spikes as a result of the latest short-term positive economic data, and the gold spot price currently sits at $873.50 per ounce, a drop of $17.10 for the day while the silver spot price currently sits at $12.20 per ounce, a drop of $.54 for the day. Both of these precious metals have received positive projections since the beginning of the year, and several market analysts believe that summertime will show the true potential of safe haven assets during this worsening financial crisis. This being said, don’t miss chance to diversify into American Eagles before it’s too late.

Shannon King

Senior Staff Writer – GoldSilver.org

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