Daily Market Report 11/15/16

GOLD

I believe Gold bottomed out yesterday at $1,211 per ounce, after its recent $80 decline. In the face of a stronger U.S. Dollar and higher interest rates, Gold has stayed between $1,220 and $1,230 per ounce today with fresh buying. Worldwide, Gold demand has picked up dramatically ahead of a Trump presidency. At 11am today, Gold is trading at $1,224, up $2 per ounce on good volume.

SILVER

After hitting a recent low of $16.82 in early European trading, Silver has traded today in the U.S. above and below the $17.00 per ounce level. Silver is an incredible value at the current price. At 11am PDT today, Silver is up $0.15 per ounce, trading at $17.02 on good volume.