Daily Market Report 1/12/15

GOLD

This morning Gold opened higher and kept moving up on fresh demand. Global physical demand for Gold remains very strong with today’s announcement that China purchased a large quantity of Gold at the end of 2014. (see article link below)
Chinese buy 29 tonnes of gold in last 3 days of 2014.

 At 11am PST today, Gold is trading at $1,233, up $15 per ounce on average volume.

SILVER

Today Silver is trading in a tight $.026 high/low price range. At 11am PST today, Silver is up $0.15 per ounce, trading at $16.54 per ounce on average volume.