Daily Market Report 12/24/13

GOLD

Gold rallied in Asia this morning, moving back above the $1,200 resistance/support level as India’s commerce ministry calls for easing of Gold import restrictions. Gold continues to trade in a narrow $10 price range from $1,196 to $1,206 on light volume. When the volume picks up, the short term direction of the price will be made clear. At 11am PDT today, Gold is trading at $1,204 per ounce, up $5 per ounce in light holiday trading.

SILVER

Silver has found some short term support at $19.30 per ounce, but the volume is light and the trading range is narrow. $20 per ounce is still a level Silver needs to reach to become short term bullish. At 11am PDT today, Silver is up $0.04 per ounce, at $19.46 per ounce in light holiday trading.

Pre-order 2014 First Strike Silver Eagles

Stuppler & Company is now accepting orders for 1st Strike U.S. 2014 Silver Eagles at only $4.39 over spot in lots of up to 499, and $4.19 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].