Daily Market Report 5/4/15

GOLD

Weak Chinese economic data, which should be followed by increasing monetary stimulus, has helped Gold move higher this morning in Asia. Gold rallied back into the $1,180 to $1,220 trading area, reaching a high of $1,193 in early European trading. At 11am PDT today, Gold is trading at $1,188 per ounce, up $13 on good volume.

SILVER

Silver rallied sharply this morning, reaching a high of $16.77 per ounce. At that point there was some professional profit taking, which quickly sold Silver down to $16.40 per ounce. At 11am PDT today, Silver is up $0.30 per ounce, trading at $16.43 per ounce on average volume.