Daily Market Report 06/25/14

GOLD

I really like the way Gold is trading and I believe the price is going much higher this year. Right now, Gold is consolidating its recent $50 gain and we should see another sharp rally very soon. I think Gold will test the next major resistance level of $1,392 per ounce, $70 higher than the current price, within the next few weeks.

At 11am PDT today, Gold is trading at $1,321 per ounce, up $2 per ounce on good volume.

SILVER

Silver continues to find support above the key $21 per ounce level. Surprisingly, the physical demand for Silver investment product remains strong, considering this is the summer.

At 11am PDT today, Silver is up $0.07 per ounce, trading at $21.08 per ounce on good volume.