Yesterday was a day for profit taking and everybody was worried, but thanks to our Goverment the price of Gold set another all time high at $1528.10 and Silver has done very nice also at $48.36. They only problem with these high prices is a lot of smaller bullion buyers are either not paying a good fair price or not buying at all. A bullion dealer in the mid-west that I talked to today said they are only buying .999 Marked material and were paying $4.25 back of spot, this same dealer was paying $1.20 behind spot 2 weeks ago and would take unmarked Silver to be refined at $3.00 behind spot. He was honest when he aid the company didn't want to purchase large amouts that they couldn't resell the same day, its whats called cover thy behind.
There are still large companys buying at $1.00 behind spot for Marked Silver.
Over all I would say the silver and gold markets are doing very nice.
Walt