Weekly Market Report 8/27/15

GOLD

After Gold’s recent rally and sell off, Gold appears to be consolidating in the $1,120 per ounce area. Today, Gold traded in a narrow $10 high/low range from $1,119 to $1,129 per ounce. At 11am PDT today, Gold is trading at $1,123 per ounce, down $5 on good volume.

SILVER

After hitting a six year low of $13.96 per ounce yesterday, the Silver buyers came back today. Silver is showing excellent demand for physical investment products, as the premium on U.S. Silver Eagles moved higher late yesterday. At 11am PDT today, Silver is up $0.30 per ounce, trading at $14.44 per ounce on excellent volume.