Wednesday, November 10, 2010

Market Fluctuations

Hello, all!  Just a quick summary of recent events.

As I'm sure you all have noticed, this week's metals markets have gone bezerk.  Yesterday, silver experienced a nearly $3.00 swing while gold experienced nearly a $30 swing.  This morning, the big swings seem to be continuing as silver started out the morning up and is currently down nearly $2.00.  Silver has already seen more than a $2.00 swing and gold is looking at a $20.00 swing.  

These events are unfolding very quickly with the metals moving drastically in very short periods of time.  The dollar has been steadily gaining in value for three days, leading up to today's G-20 summit. 

Monarch has been very busy keeping up with customer demand for silver and gold products.  We have seen people selling and buying metals.  However, more people seem to be buying. 

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