Daily Market Report 6/15/16

GOLD

Gold is trading in a tight $10 high/low range, from $1,288 to $1,278 per ounce. I believe the Gold market is waiting for Janet Yellen’s press conference to give it some firm direction.There is a great article on why George Soros is making a big bet on Gold, click on the following link to read it: George Soros Making Big Bets on Gold. At 11am PDT today, Gold is trading at $1,288, up $3 on good volume.

SILVER

Silver, like Gold is trading in a tight high/low range from $17.55 to $17.32 per ounce. Silver is building an excellent base for its move to set a new 2016 high, above $18.06 per ounce. At 11am PDT today, Silver is up $0.07, trading at $17.47 on excellent volume.