Daily Market Report 12/16/13

GOLD

Gold is up $8 today on light Asian buying, and still trading in its recent trading area. The US Federal Reserve will be meeting on Tuesday and Wednesday this week. The meeting could spell out the Fed’s plans as to when they might begin tapering the stimulus program. If the tapering is likely to begin in March, there could be some relief to the pressure on the precious metal. At 11am PDT today, Gold is trading at $1,244 per ounce, up $8 per ounce on average volume.

SILVER

Silver is trading back above the important $20.00 per ounce resistance level on light Asian buying. At 11am PDT today, Silver is up $0.42 per ounce, at $20.04 per ounce on light 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].