Daily Market Report 7/15/13

GOLD

Gold traded actively today between $1,272 and $1,293 per ounce on excellent volume. As Gold consolidates in the current price range we continue to see strong demand for physical investment products on a global scale.

At 11am PDT today, Gold is up $5 per ounce, trading at $1,284 per ounce on average summer type volume.

U.S. Mint Gold Sales up from 83% to 115% in 1st six months

As of June 30th 2013, the U.S. Mint reports that they have sold 629,000 ounces of U.S. Gold Eagles, up from 343,500 ounces sold for the same period in 2012. A dramatic 83% increase for the popular U.S. Gold Eagles. During the same period the U.S. Mint has sold 161,500 ounces of .999 Gold Buffalo coins, a 115% increase over the 75,000 ounces sold in 2012.

SILVER

Silver again rallied above $20 this morning, hitting a high of $20.13 before seeing shorting and/or profit taking. Silver needs to stay above $20 per ounce for three consecutive trading days to confirm a bullish trend.

At 11am PDT today, Silver is trading at $19.84 per ounce, up $0.02 per ounce on normal volume.