Daily Market Report 07/11/14

GOLD

The Gold rally moved higher, closing up for the sixth week in a row. Since May 30th, Gold has increased $90 per ounce (7.2%) on excellent volume and continues to have a positive trader outlook.

As for today, Gold has stayed within a very narrow $6 range all day, trading between $1,333 to $1,339 per ounce, showing excellent price consolidation. At 11am PDT today, Gold is trading at $1,336 per ounce, down $1 per ounce on average volume.

SILVER

Silver trading has mirrored Gold most of the trading session, with a narrow $0.19 trading range. At 11am PDT today, Silver is down $0.03, trading at $21.42 per ounce.