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    JM Bullion Gold and Silver Market Update (11/21/12)

    Gold Spot Price Open: $1,726
    Gold Spot Price Close: $1,730

    Change in Gold Spot Price:+$4

    Silver Spot Price Open: $33.00

    Silver Spot Price Close: $33.43

    Change in Silver Spot Price:+$0.43

    Gold ended this shortened week on a positive note having picked up 4 dollars today while silver gained almost a half dollar. The week was shortened because of the celebration of Thanksgiving in the United States tomorrow.

    As we take a day off to reflect on what we are thankful for, the primary thought on most gold and silver investor’s minds is the fiscal cliff. Recently we heard news that both Democrats and Republicans may come together to come to conclusion that would see us avoid yet another severe economic downturn but that deal still has not been reached.

    Yesterday we mentioned that European governments were close to striking a deal to figure out Greece’s debt, but we today we learn that this was not to be. This news may be part of the reason gold’s gains today were so small, but it is entirely to blame for the euro and other European markets taking a bit of a dive on Wednesday.

    Hopefully after we come back from the holiday Europe will have hammered out at least one solution to the mounting problems that are popping up all over the continent.

    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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