Daily Market Report 8/27/14

GOLD

Wow, today Gold traded with a $7 High/Low range, from $1,280 to $1,287 per ounce. The trading volume was light with very little price volatility. This is very common for the summer months. I expect to see a sizeable increase in trading activity after the Labor Day holiday, as professional traders return back to the exchanges.

At 11am PDT today, Gold is down $1, trading at $1,283.50 per ounce.

SILVER

Silver is also showing very little volatility with light volume, but higher for the day. At 11am PDT today, Silver is trading at $19.46 per ounce, up $0.04 per ounce.