Daily Market Report 12/17/13

GOLD

As the precious metal markets wait for direction from tomorrow’s Federal Reserve’s meeting, Gold sold off $16 per ounce today. The short term bias is still negative, but any delay in reducing the $85 billion stimulus could change the direction. At 11am PDT today, Gold is trading at $1,229 per ounce, down $15 per ounce on average volume.

SILVER

Silver continues to trade above and below the important $20 per ounce level. Tomorrow’s Fed announcement should help establish a direction. At 11am PDT today, Silver is down $0.18 per ounce, trading at $19.84 per ounce on normal 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].