Daily Market Report 1/5/16

GOLD

It looks like Gold is holding well today after its rally yesterday, trading in the $1,075 - $1,083 range. It is bullish to see the Gold price hold after a rally. Based on today’s trading, I would like to see Gold test the $1,100 level in the not too distant future. At 11am PDT today Gold is trading at $1,078, up $2 on average volume.

 

SILVER

Silver is testing the $14 level today which is good after Gold’s gains yesterday, but I’d like to see it close above the $14 level to show more strength. At 11am PDT today Silver is up $0.12, trading at $14.02 on light volume.

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