Daily Market Report 12/2/15

GOLD

Gold hit a new six year low this morning of $1,050.80 per ounce. The last time Gold was trading at that price was October 2009 and it then quickly rallied to $1,920 within two years. Most of the weakness in the Gold price is a result of a strong U.S. Dollar, which reached $1.04 to the Euro this morning. At 11am PDT today, Gold is trading at $1,055 per ounce, down $9 on average volume.

SILVER

Silver sold off this morning with Gold, reaching a low of $13.91 per ounce, before quickly rallying back above the key $14 per ounce resistance level. At 11am PDT today, Silver is down $0.06 per ounce, trading at $14.04 per ounce on normal volume.

Turn your Gold and Silver Losses into a Tax Advantage

Our company sent out a special notice regarding 2015 return tax strategies. If you didn’t receive it please click on the following link: www.mintstategold.com/investor-education/2015_tax_strategy/ or contact Barry or David for a copy.