Daily Market Report 07/29/14

GOLD

Gold reached $1,312 earlier this morning before seeing selling. That selling took the price down to $1,295 before bargain buyers appeared. The $1,300 per ounce support level war continues between the bulls and the bears increasing the trading volume. At 11am PDT today, Gold is trading at $1,299 per ounce, down $4.50 on better than average volume.

SILVER

This morning, Silver showed excellent support at $20.45 per ounce, while trading in a $0.34 high/low range. At 11am PDT today, Silver is down $0.04 per ounce, trading at $20.50 per ounce on average volume.