Thursday, April 7, 2011

Silver moving towards $40 an ounce as Ron Paul to investigate the US Mint

Silver moving towards $40 an ounce as Ron Paul to investigate the US Mint

Silver and gold have been the big winners on April 5th while the economy stagnates on lower manufacturing news. Silver crossed over $39 an ounce, and is just .70 short of $40. Gold however, has gained nearly $20 today and is at a new all time high of $1455. These moves are coming as a new report comes out that Congressman Ron Paul is intending to hold hearings on why the US Mint has silver shortages to sell to the public.

Meanwhile, the dollar is flat, holding just under its open today at 75.83 on the index. Oil is still over $108 a barrel, but is down .21 on today's trading.

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