Daily Market Report 10/19/15

GOLD

Gold sold off this morning by 1% in early Asian trading. After this month’s $68 increase, it is normal (and still bullish) to see the market establish a new higher trading range between $1,150 and $1,190 per ounce. At 11am PDT today, Gold is trading at $1,172 per ounce, down $10 on average volume.

SILVER

Silver sold off with Gold this morning, dropping 2% and reaching a low of $15.73 per ounce in early trading. Hopefully, Silver will develop a trading range above $15.70 per ounce. At 11am PDT today, Silver is down $0.30 per ounce, trading at $15.80 on normal volume.