Daily Market Report 1/14/14

GOLD

Gold is staying within its current trading range between $1,240 and $1,255 per ounce today. It’s important that Gold builds a new base before aggressively moving forward to break the important $1,300 per ounce long term resistance level. A drop in the value of the U.S. Dollar is adding extra support for the precious metal markets. At 11am PDT today, Gold is trading at $1,245 per ounce, down $9 per ounce on normal volume.

SILVER

Finally, Silver has stayed about the key $20 per ounce level all day. This is the first time since November 21, 2013 that Silver didn’t dip below the $20 price during trading. Physical demand for Silver investment products remains very strong in Asia and around the globe. The U.S. Mint is now accepting orders from their official mint distributors for Silver Eagles, with deliveries scheduled for early next week. January sales estimates for 1 ounce Silver Eagles are between 8 and 10 million, as demand is very heavy. At 11am PDT today, Silver is down $0.14 per ounce, trading at $20.27 per ounce on normal volume.

Pre-order 2014 First Strike Silver Eagles

Stuppler & Company is now accepting orders for 1st Strike U.S. 2014 Silver Eagles at only $4.19 over spot in lots of up to 499, and $3.99 over spot for 1st strike in the Green Monster box (500 coins).

You can lock in today’s low Silver price for delivery early in 2014. Call or email me at 888-454-0444 or [email protected].