Daily Market Report 8/22/14

GOLD

Global bargain buyers appeared in the Gold market this morning, driving the price back above $1,280 per ounce. Geopolitical situations around the world, especially in Iraq and Ukraine, have worsened. At 11am PDT today, Gold is trading at $1,281 per ounce, up $5 on average volume.

SILVER

Silver continues to show excellent support above $19.30 per ounce, hitting a high today of $19.61 per ounce. At 11am PDT today, Silver is unchanged, trading at $19.47 per ounce.