Daily Market Report 08/04/14

GOLD

Gold has traded in a narrow $10 High/Low price range today, showing excellent consolidation. Gold reached a high of $1,295.90 and the low was $1,286 as we try to build up some momentum to break though the $1,300 per ounce resistance level. At 11am PDT today, Gold is trading at $1,289.60 per ounce, down $5.60 per ounce on average volume.

SILVER

Silver is trading on light volume but showing good demand at the $20.15 per ounce price level. At 11am PDT today, Silver is down $0.10, trading at $20.30 per ounce.