Daily Market Report 7/11/16

GOLD

Gold is trading within its current price range of $1,340 and $1,380, building an excellent base for the next move upward. I believe that Gold will reach the important $1,400 per ounce resistance level by month end. At 11am PDT today, Gold is trading at $1,356 per ounce, down $4 on average volume.

SILVER

Silver is doing excellent, staying above the $20 per ounce support level and consolidating its recent gains. Demand remains strong for physical Silver investment products. At 11am PDT today, Silver is up $0.20 per ounce, trading at $20.25 on good volume.