Daily Gold Eagle Update

April 27, 2009 – Nationwide panic with the swine flu is creating speculation that financial markets may take longer than expected to recover, and wise American investors are beginning to take the opportunity to start a gold Eagle investment while the spot price of the metal is considerably lower than projected. Today the value of a gold Eagle investment is at its highest in almost 4 weeks as the fears begin to build about a global flu pandemic that may wither away at mainstream financial markets. Several investors as well as market analysts believe that health and investments are an odd correlation, yet we need to consider the future of investing markets in the event that this flu turns into a full-blown epidemic. Short-term projections are expecting safe haven precious metals to benefit from the latest health worries, so this may be an ideal time to keep a close eye on the news and possibly even diversify before it’s too late.

By around 12:50 PM Eastern Standard Time, the overall physical possession demand for a gold Eagle investment seems to be contracting a slight bit, mostly due to large uncertainty with investment in general, and the spot price of the metal currently sits at $908.80 per ounce, falling $4.20 for the trading day but still jumping up $22.80 in the last 365 trading days. The latest market projections are bullish; many saying that resistance may be witnessed at the $932 per ounce area, yet significant momentum could push spot prices much higher.

Daily Updates Archive

Joshua Harris

Senior Staff Writer – Gold-Eagle.org