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    JM Bullion Gold and Silver Market Update (10/31/12)

    Gold Spot Price Open: $1,712.60
    Gold Spot Price Close: $1,721.90

    Change in Gold Spot Price: +$9.30

    Silver Spot Price Open: $31.73
    Silver Spot Price Close: $32.27

    Change in Silver Spot Price: +$0.44

    Halloween was the least scary of the last three days for traders as it marked the first time since last Friday that the New York Stock Exchange opened. The NYSE has not closed for two consecutive days since the late 1800s which really puts into perspective just how large Hurricane Sandy was.

    On a day where the Euro’s value slightly decreased, both gold and silver finished with positive gains. Gold was up almost ten dollars as it finished the day in the green by $9.30 while silver’s increase was modest but effective having marked a 44 cent gain.

    The report on the status of US unemployment is planned to be released tomorrow and it will be interesting to not only see what the finer numbers on unemployment will look like, but also how investors react to them.

    Disclaimer: All Market Updates are provided as a third party analysis and do not necessarily reflect the explicit views of JM Bullion Inc. and should not be construed as financial advice.

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