Daily Market Report 06/02/14

GOLD

Today is the sixth day in a row that Gold has declined in price. The low for today was $1,241 per ounce, while the range has only been $10 from high to low. I would like to see the volume pick up and the price move above $1,250 this week before getting bullish. At 11am PDT today, Gold is down $3, trading at $1,243 per ounce on average volume.

SILVER

Silver tried to rally in early trading but could not reach the $19 per ounce level. The high for today was $18.91, while the range was only $0.26 from high to low. At 11am PDT today, Silver is trading at $18.75 per ounce, up $0.05 per ounce on light trade.