Daily Market Report 07/24/14

GOLD

Someone sold a large quantity of 100 ounce future Gold contracts on the open of the U.S. commodity markets today. This increased today’s CME trading volume to roughly double yesterday’s volume. At 11am PDT today, Gold is trading at $1,290 per ounce, down $15 per ounce on heavy trading volume.

SILVER

Silver followed Gold down this morning, reaching a low of $20.29 per ounce, before seeing bargain buyers. At 11am PDT today, Silver is down $0.60 per ounce, trading at $20.36 per ounce on sizeable volume.