Daily Market Report 8/14/13

GOLD

Gold rallied back above the $1,330 per ounce level in the face of the U.S. Dollar hitting a one-week high against the Euro and the Yen, as well as a 3rd increase this year in India’s Gold import duties.

My good friend and past U.S. Mint Director, Phillip Diehl, wrote an article in today’s Wall Street Journal called “China turns to Gold”. I recommend reading the article and here is a link: http://www.mintstategold.com/investor-education/cat/news/post/china_turns_to_gold/

At 11am PDT today, Gold is trading at $1,334 per ounce, up $12 per ounce on excellent volume.

SILVER

Silver continues to put on a stellar performance, now being up five days in a row, and trading between $21 and $22 per ounce.

At 11am PDT today, Silver is up $0.36 per ounce, trading at $21.78 per ounce on excellent volume.