Daily Market Report 1/23/15

GOLD

A very nice week for Gold investors, with the price reaching a 5-month high of $1,308 per ounce. Today, Gold traded between $1,284 and $1,302 on excellent trading volume for a Friday. The price of Gold needs to consolidate its recent gains, allowing time for fresh buyers. What is truly amazing is the fact that the U.S. Dollar is currently trading at a record high of $1.11 to the Euro, and Gold is up $110 per ounce since the beginning of the year.

At 11am PST today, Gold is trading at $1,293 per ounce, down $9 on above-average Friday volume.

SILVER

Silver is holding above the important $18 per ounce level today on excellent global physical demand. WOW, Silver is up $.55 for the week and up an amazing $2.72 per ounce since the beginning of the year, in the face of falling oil prices and a rising U.S. Dollar. If this is an indicator for what 2015 is going to be like, we are going to have a great year.

At 11am PST today, Silver is unchanged trading at $18.35 per ounce on excellent Friday volume.