Daily Market Report 7/14/16

GOLD

Gold sold-off this morning on a strong equity market, reaching a low of $1,320 per ounce. Like in the recent past, bargain buying jumped into the market at that level, quickly driving the price back to $1,335 per ounce. The Gold price consistently finds buying on any sell-off. At 11am PDT today, Gold is trading at $1,333 per ounce, down $9 on normal volume.

SILVER

This morning, Silver once more tested the $20 per ounce support level, reaching $20.01 per ounce in Asian trading. Like Gold, buyers love cheap Silver and $20 looks to be a firm support number. At 11am PDT today, Silver is down $0.09 per ounce, trading at $20.26 per ounce on average volume.