Daily Market Report 1/13/15

GOLD

Gold hit a high of $1,245 per ounce in early trading before some short term profit taking and an increase in the value of U.S. Dollar took the price down $10 per ounce. Demand remains strong and I am seeing excellent professional support at the $1,230 per ounce level. At 11am PST today, Gold is trading at $1,234 per ounce, up $1 per ounce on good volume.

SILVER

Yesterday, the U.S. Mint started accepting orders for 2015 1oz Silver Eagles. The U.S. Mint reported receiving orders for 2.9 million Silver Eagles on the first day. Needless to say, our company placed its order yesterday. Today, Silver continues its rally, moving above the $17 per ounce price level with the highest volume in the past week. At 11am PST today, Silver is up $0.56 per ounce, trading at $17.10 per ounce on excellent volume.