Daily Market Report 9/13/16

GOLD

Another up/down trading day in precious metals and equities based on Federal Reserve statements about changing interest rates. Gold rallied to $1,332.50 per ounce before the Fed statement and quickly moved down to $1,319.50. Gold found bargain buyers and remains in a tight trading range. At 11am PDT today, Gold is down $4, trading at $1,321 per ounce on good volume.

SILVER

Silver has had far more volatility then Gold, reaching a high of $19.30 and a low of $18.78. I would like to see Silver move back above the important $19 per ounce level and remain there for a few trading days on good volume. At 11am PDT today, Silver is trading at $18.90 per ounce, down $0.05 on excellent volume.