Daily Market Report 12/18/13

GOLD

Many of the precious metal floor traders are short on Gold and Silver ahead of the release of the December Federal Reserve minutes. After the Federal Reserve announced they are going to cut their $85 Billion stimulus by $10 Billion, Gold first rallied $5 per ounce, then dropped to $1,222, before a short covering rally started. At 11am PDT today, Gold is trading at $1,242 per ounce, up $13 per ounce on heavy volume.

SILVER

Today’s Federal Reserve announcement of a reduction in the stimulus has taken Silver back above the key $20 per ounce resistance/support level. At 11am PDT today, Silver is up $0.20 per ounce, trading at $20.04 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].