Daily Market Report 10/27/16

GOLD

We are now ending the third week in a row that Gold has traded between $1,250 and $1,275 per ounce. This consolidation is very supportive of a major rally as we move into November. At 11am PDT today, Gold is trading at $1,269, up $2 per ounce on normal volume.

SILVER

Silver, like Gold, has been trading in a narrow price range for the past three weeks. I have noticed an increase in physical demand of the many popular Silver bullion and bullion plus coins. At 11am PDT today, Silver is up $0.06 per ounce, trading at $17.68 on good volume.