Daily Market Report 7/8/15

GOLD

After reaching a low of $1,145.90 earlier this morning, Gold quickly rallied on excellent trading volume. There was strong demand from bargain buyers and financial firms, which drove the price higher. At 11am PDT today, Gold is trading at $1,164 per ounce, up $9 per ounce on healthy volume.

World debt has now exceeded an astonishing $200 trillion US Dollars.That’s greater than twice the global GDP. This is the best reason why you need to own Gold!

SILVER

This morning Silver dipped below $15 per ounce briefly. At that point, major buyers appeared, driving the price up to $15.29 on good volume. At 11am PDT today, Silver is up $0.15 per ounce, trading at $15.20 per ounce on sizeable volume.