Daily Market Report 11/9/16

GOLD

With the historic election last night resulting in Donald Trump winning the presidency, I’d like to recall some of what I discussed earlier in this week’s Market Report. With the Republicans taking control of the White House, Senate, and Congress, the world started trading in record numbers last night in after hours trading, based on the fear of what was going to happen next as the markets had been trading based on a Clinton victory. With Gold alone approaching the $1340 levels, Wall Street is now working on calming down after hearing the speeches from President Elect Trump, Secretary Clinton, and President Obama. The markets are doing everything they can to figure out what is going to happen and it’s affect. With President Trump coming into office shortly and implementing several new economic policies, we are extremely confident to see Gold hit $2,000 and Silver $50 by 2018. At 11am Gold is trading at $1,277 per ounce, up $3 on amazingly high volume.

SILVER

Silver followed Gold’s lead last night approaching, the $19 level on huge volume in after hours trading. Now that the markets are starting to calm down, Silver is trading at $18.51 up by $0.13 on huge volume.