Daily Market Report 11/17/16

GOLD

Gold has clearly established a new trading range between $1,210 and $1,230 per ounce. Many economist, professional commodity traders, and analysts are starting to realize that a Trump presidency is going to be very bullish for Gold. Please read my good friend, Michael Fuljenz’s, article at the following link: Why Didn’t Gold React Better to Trump’s Win? At 11am PDT today, Gold is trading at $1,215 per ounce, down $9 on good volume.

SILVER

Silver is having a difficult time staying above the important $17 per ounce level. Silver did reach a high of $17.12 in early trading before selling appeared. At 11am PDT today, Silver is down $0.25, trading at $16.70 on heavy volume.