Daily Market Report 1/15/16

GOLD

A 450 point drop in the Dow Jones Industrial Average (DJIA) and a weak U.S. Dollar, equals a higher Gold price. A 1,500 point drop in the DJIA since the beginning of the year is driving money into alternate investments, like precious metals. Physical demand continues to grow with the U.S. Mint selling 75,000 ounces of Gold eagles in the first 15 days of January. At 11am PST today, Gold is trading at $1,091 per ounce, up $18 on excellent volume.

SILVER

Silver is moving higher with Gold on excellent volume considering we are going into a long holiday weekend. Physical demand for Silver eagles continues to be strong at the U.S. Mint. At 11am PST today, Silver is up $0.12 per ounce, trading at $13.92.