Trump Tax-Reform legislation passes

GOLD

The Trump Tax-Reform legislation passes and Gold is staying in a tight $5 high/low price range. It appears that his new law isn’t going to have the negative affect on Gold that many analysts had predicted. Gold continues to build its base between $1,250 to $1,270 per ounce before the next move reaching $1,300 per ounce. At 11am PST today, Gold is trading at $1,267, unchanged from yesterday on nice volume.

SILVER

In early Asian trading Silver found some light selling when it reached $16.30 per ounce, driving the price down to $16.07. At that point buyers appeared and it quickly rallied back to $16.15, but the $16 support level held. At 11am PST today, Silver is down $0.14 per ounce, trading at $16.15 on excellent volume.