Daily Market Report 11/28/16

GOLD

This morning Gold has traded higher from the opening bell. In the face of a very strong U.S. Dollar and heavy redemption in the ETF Gold funds, Gold has found major buying. A move back above $1,200 per ounce this week would confirm the bear trend has ended in Gold markets. At 11am PDT today, Gold is trading at $1,191 per ounce, up $12.60 from last Friday on excellent volume.

SILVER

This morning Silver continued to find strong buying at the $16.50 per ounce level. Silver really needs to move back above the $17 per ounce resistance level to regain its long term move higher. At 11am PDT today, Silver is up $0.13 per ounce, trading at $16.60 on good volume.