Daily Market Report 3/5/13

GOLD

Gold is staying in a very narrow $14 high/low trading range today. At 11am PDT today Gold is trading on light volume up $4 per ounce, at $1,576 per ounce.

I just read an interesting article from the well-respected banking firm Morgan Stanley called “The Gold Bull Market Isn’t Over, and The Reasons To Own It Are ’Evolving”. Please click on the following link to read it. http://www.mintstategold.com/investor-education/gold_bull_market_not_over/

SILVER

We are seeing more strength in the Silver market than Gold. Silver has been showing substantial demand in the $28.50 per ounce area. At 11am PDT today, Silver is trading at $28.70 per ounce, up $0.16 per ounce on moderate volume.