Daily Market Report 10/19/16

GOLD

The Gold/Silver rally continues with Gold moving over $1,270 this morning on excellent demand from Asia, the Middle-East and Europe. Gold hit a high of $1,273.50 before seeing some light short term profit taking. At 11am PDT today, Gold is trading at $1,269.50 per ounce, up $7.50 on excellent volume.

SILVER

Silver continues to show good consolidation in the current price range of $17.50 to $17.80 per ounce. As Gold moves higher, Silver will surely follow and by a larger percentage. At 11am PDT, today, Silver is up $.06 per ounce, trading at $17.68 on good volume.