Daily Market Report 6/10/16

GOLD

Gold is consolidating this week’s $30 gain today, trading above and below the $1,270 per ounce level. Next week we should see a little more base building, followed by a move towards the $1,300 per ounce resistance level. The bullish trend is firmly in place and adding additional Gold to your holdings is highly recommended. At 11am PDT today, Gold is trading at $1,272, up $2 on excellent weekend volume.

SILVER

Silver is trading firmly above the $17 support level and looking better and better. As Gold works its way forwards $1,300, I believe Silver will move higher, approaching its 2016 high of $18.06 per ounce. At 11am PDT today, Silver is up $0.02, trading at $17.30 on average volume.