Daily Market Report 6/19/13

GOLD

Many professional traders and speculators sell Gold short every time it gets near $1,400. These sellers would run for cover should Gold rally above $1,410, however many of these same traders bought Gold (went long) when it hit $1,360 yesterday. 

 Many anxious Gold investors are concerned that if the Federal Reserve reveals a road map for weaning the economy off its easy-money measures at the end of its two-day policy meeting tomorrow; it could be short term bearish for Gold.

 At 11am PDT today, Gold is down $1.40 per ounce, trading at $1,367.90 per ounce.

 Ron Paul feels the Gold Price is going much higher

Ron Paul, the former congressman and presidential candidate is known for favoring Gold, and he still believes it will go higher. Ex-Congressman Paul believes a Gold price of "infinity" might be hard to conceptualize, but his point is actually quite simple. Read the complete article at http://www.mintstategold.com/investor-education/ron_paul_gold_to_infinity/

 SILVER

Silver showed excellent support yesterday. As Gold sold off yesterday, Silver had sizeable demand at the $21.45 per ounce. As for today, at 11am PDT, Silver is trading at $21.68 per ounce, down $0.10 per ounce.