Daily Market Report 10/16/14

GOLD

After yesterday’s $30 high/low price range with over 258,000 CME hundred-ounce Gold contracts being traded, today the volatility has calmed down. For most of the day Gold was trading around the $1,240 per ounce level.

At 11am PDT today Gold is trading at $1,240 per ounce, down $2 per ounce.

SILVER

Silver is trading around $17.40 on light volume.

At 11am PDT today, Silver is trading at $17.42 per ounce, down $0.03 per ounce on light volume.