Daily Market Report 11/4/16

GOLD

The U.S. economy keeps running along with an additional 161,000 new jobs reported for October. But with only four days remaining to the election, it remains the key issue that is effecting the price of Gold and Silver. I would recommend reading this article Gold May Be the Only Winner in US Elections. At 11am PDT today, Gold trading at $1,304 per ounce, up $3 on active volume.

SILVER

Silver continues to stay above the key $18 per ounce support level. There is some resistance or short term profit taking when Silver trades around $18.50, but the price has excellent support. At 11am PDT today, Silver is down $0.02 per ounce, trading at $18.40 on good volume.