Daily Market Report 12/30/13

GOLD

Gold tested the $1,200 per ounce level this morning on respectable volume, and held. I believe 95% of 2013’s tax loss selling by mutual funds to delete Gold from their year-end financial reports has been completed. Tomorrow, we will see very light trading in the commodity pits as trading will be closed early for the New Year holiday.

At 11am PDT today, Gold is trading at $1,204 per ounce, down $10 on good trading volume.

SILVER

Silver broke down below the $20 per ounce level this morning and showed firm support around the $19.50 per ounce level. Physical demand for Silver investment products continues to be strong around the globe, with the U.S. Mint reporting an all-time record for sales of the 1oz Silver Eagle at 42,675,000 pieces.

At 11am PDT today, Silver is down $0.40 per ounce, trading at $19.64 per ounce on average volume.

Pre-order 2014 First Strike Silver Eagles

Stuppler & Company is now accepting orders for 1st Strike U.S. 2014 Silver Eagles at only $4.19 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].