Daily Market Report 12/2/13

GOLD

Gold futures dropped more than $20 an ounce today as monthly data in our manufacturing sector came in better than expected, supporting the prospects for a pullback in the Federal Reserve’s monthly $85 billion bond-buying program. At 11am PDT today, Gold is trading at $1,224 per ounce, down $26 from the Friday close on heavy volume.

SILVER

Silver dropped substantially today with the entire precious metal sector. A combination of positive economic news and year-end tax loss selling drove down the CME commodity market on the open. At 11am PDT today, Silver is down $0.70 from Friday’s close, trading at $19.32 per ounce on heavy volume.

PRE-ORDER 2014 FIRST STRIKE SILVER EAGLES

Stuppler & Company is now accepting orders for 1st Strike U.S. 2014 Silver Eagles at only $4.24 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].