Gold/Silver up on New HIGHS

First Mexican Gold Corp.

NEW: now 100% interest in the Guadalupe Property in Sonora, Mexico (Jan. 2012) / Best intercept: 37.8 metres of 6.51 g/t Au, 678 g/t Ag

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Gold/Silver up on New HIGHS

posted on Apr 11, 2011 07:59AM

Gold jumped to a record high of $1,476.21 an ounce (U.S.) for a fifth straight trading day as the prospect of deeper declines in the U.S. dollar drove investors into the precious metal. Silver hit its highest since early 1980 at $41.93 an ounce as holdings of the world's largest silver-backed exchange-traded fund, New York's iShares Silver Trust, rose to a record 11,243 tonnes.The gold-to-silver ratio was at a 28-year low around 35.

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.......RL

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