Daily Precious Metal Update

January 19, 2009

The current gold spot price is 835 which are currently down 9.50 for the session and silver has fallen .08 and sits at 11.14. Platinum and Palladium are split today with platinum up 2.00 at 945.00 and palladium down 3.00 dollars at 181.00 So for our official forecast of precious metals for 2009; we believe gold will continue to rise on worldwide economic troubles continue to unfold and that the yellow shiny stuff should be 16 percent above its starting point buy the end of December 2009 which would place the price at 932.00 per ounce. We also feel that this is low ball estimation and that the metal could enjoy a much higher gain if the US deflation continues on its current path. The high side of our prediction for gold could bring the metal as high as 1227.00 per ounce and it’s likely that it could end the year somewhere in between our high and low estimation. Silver should be the big winner by year’s end we expect the metal to be trading 19 percent above today’s levels and should end the year above 14.40 per ounce.

Platinum may suffer in 2009 from the collapse of the auto industry and we feel the metal will be trading around 800.00 by the end of the year. As for palladium the metal has had a real down turn in the last two years and we feel it could see some speculator action given its low current price and that the metal may put up a good charge towards the end of the year and end 2009 11 percent above today’s levels at 209.00 per ounce. Please note that palladium carries high buy and sell cost of ownership and this could considerably hamper any profits from expected movement. All 2009 precious metals forecast are projections only and cannot be held against Precious-metal.org or its parent company the Certified Gold Exchange, Inc. Happy metals investing in 2009!

Daily Updates Archive

John Halloran

Senior Metal Specialist

Percious-Metal.org