Daily Market Report 4/19/13

GOLD

The world’s Gold and Silver commodity markets are trying to stabilize, clearing out margin calls, while seeing fresh buyers. The Gold price has been consolidating in the $1,400 per ounce area. In Asia last night I saw fresh buying, which took the Gold price up to $1,425 per ounce before selling appeared. At 11am PDT, Gold is trading at $1,397, up $6 per ounce on better than average volume for Friday.

SILVER

Silver is having a difficult time staying above $23 per ounce this morning. At 11am PDT, Silver is unchanged at $23.25 per ounce.