Daily Market Report 12/6/12

GOLD

Gold continues to try to find support above $1,700 per ounce. In early morning Asian trading, I saw active buying every time Gold went below $1,690 per ounce. At 11am PDT today, Gold is trading at $1,700.10 per ounce, up $6.60 per ounce on average volume.

CFTC Finally Targeting Fraudulently Gold Sellers

The U.S. Commodity Futures Trading Commission announced yesterday it filed a civil injunctive enforcement action in the U.S. District Court for the Southern District of Florida against 12 firms and their executives for fraudulently marketing illegal, off exchange retail commodity contracts. See the complete article at http://www.mintstateGold.com/investor-education/cat/news/post/cftc_cracking_down_on_Gold_telemarketers/

SILVER

Silver has been above and below the key $33 per ounce level all day. Silver had a low of $32.54 and a high of $33.29 per ounce on active trading all day. Right now at 11am PDT Silver is trading at $33.03 per ounce, up $0.13 per ounce on active trading.