Daily Market Report 6/10/13

GOLD

After Friday’s $30 decline in Gold in the U.S. Market, this morning Gold stabilized and rallied higher on sizeable physical demand. Today, Gold traded between $1,375 and $1,388 per ounce. At 11am PDT today, Gold is trading at $1,387 per ounce, up $3 per ounce on sizeable demand.

France Prohibits Sending Currency, “Coins and Precious Metals” By Mail

A new French Law, which was enacted May 23, 2013, states that the French government has decreed that it is forbidden to send all forms of currency – coins, cash, and all forms of precious metals (coins, bars and jewelry) - by mail. This legislation was just published on the Legifrance website, the French government’s entity that is responsible for publishing legal texts online. It was not announced by the government and not covered in the media.  There were no publicized communications and nobody in the government justified or explained this decision.

For more on this story please read today’s Weekly Market Report at http://www.mintstategold.com/investor-education/cat/markets/

SILVER

After reaching a low of $21.39 per ounce in Asia early this morning, Silver rallied back above the key $22 per ounce level on strong physical demand. At 11am PDT today, Silver is up $0.35 per ounce, trading at $22.05 per ounce, on heavy volume.