Daily Market Report 02/25/14

GOLD

Gold continues to reach higher and higher today with a high of $1343 per ounce. I’m interested to see how it will test the $1350 level which should be soon. At 11am PDT today Gold is up $6.60 per ounce on strong volume.

I just read an Interesting and thought provoking article from Michael Snyder called “China Starts to Make a Power Move against the U.S. Dollar”. I believe it’s worth the five minutes to read it. http://www.mintstategold.com/investor-education/cat/news/post/chinamoveagainstdollar/

SILVER

Silver isn’t following Gold’s lead today and is having a hard time staying above the $22 level unlike yesterday. There might be some profit taking here at the moment with above average trading volume. If silver can close over $22 that would be very important to see. At 11am PDT today, Silver is trading at $21.98 per ounce, down $0.08 per ounce.