Daily Gold Eagle Update

January 27, 2009 – Gold Eagle prices move down a slight bit during early-morning trading due to short-term investors breaking off from the recent rally of precious metals. Today’s decline in value was the first fall in four trading days and short-term predictions are saying that this will not last long and that both short-term and long-term investors will re-enter the market when the news of an even worse global economy continues to strike fear in the minds of the peoples as fresh news becomes released. Everyone has some mixed feeling about investments right now, but when it comes down to it most people are anxious to see what President Barack Obama will do during his term. His projected $825 billion stimulus plan can either work and begin to fix the economy, or fail and bring us into another Great Depression, which would most likely raise the value of gold Eagle coin prices to significant highs.

Today we’re seeing gold Eagle coin prices trading at around $901.30 per ounce, down .11% for the trading day and up 3.75% in the last 30 trading days. We’ve seen a 5.7% increase in price in the last three days which is what drives market analysts to believe that this is just the beginning of some significant spikes in value during 2009. All we can do is hang on tight and see what the year has in store for us. Invest well and have a great day.

Daily Updates Archive

Arthur McGuire

Senior Staff Writer – Gold-Eagle.org