Daily Market Report 12/26/13

GOLD

Gold rallied $12 this morning after a disappointing unemployment report was released. This report showed that first-time claims for unemployment benefits fell to 338,000 in the week ending on Dec. 21st. Economists had forecasted a decline to around 345,000 claims. Although I am happy to see Gold rally, I am disappointed that the trading volumes are very low worldwide. At 11am PDT today, Gold is trading at $1,212 per ounce, up $8 on light volume.

SILVER

The fact that Silver could not hold above the important $20 per ounce level in the face of a $12 rally in Gold is very telling. The volume of Silver trading continues to be very low on the commodity exchanges. At 11am PDT today, Silver is up $0.38 per ounce, trading at $19.84 per ounce on very 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 $4.39 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].