Daily Market Report 12/29/16

GOLD

Gold made a nice move today, breaking above the $1,150 per ounce level for the first time in two weeks. The bullish trading indicators are good, as futures, equities, and physical demand continue to increase. 2017 continues to look brighter. At 11am PST today, Gold is trading at $1,156 per ounce, up $15 on excellent volume.

SILVER

This morning Silver broke above the key $16 per ounce resistance level and reached $16.26 per ounce. With only one day left in trading this year, it is looking good for Silver. At 11am PST today, Silver is up $0.16 per ounce, trading at $16.15 on good volume.