Daily Market Report 12/28/16

GOLD

Gold continues to stay in a narrow $8 per ounce high/low range. I believe this is very positive for Gold, as it shows that any year-end tax selling hitting the market is very light. At 11am PST today, Gold is trading at $1,141 per ounce, up $3 on light trading.

SILVER

The professional traders are active in the Silver pits, as Silver continues to try to stay above the key $16 per ounce level. At 11am PST today, Silver is up $0.04 per ounce, trading at $15.99 on good volume.