Daily Market Report 11/5/12

GOLD

Gold is up today based on increased physical demand and short-covering buying as a reaction to Friday’s heavy price correction. The real focus of this market is tomorrow’s presidential election and economic policies and legislation that will be implemented by the next president. I have provided my input on what I believe will happen if Obama is re-elected or if Romney becomes are next president in the Weekly Market Report. To see the Weekly Market Report, just click on the following link http://www.mintstategold.com/investor-education/cat/markets/.

At 11am PDT Today, Gold is trading at $1,686 per ounce, up $8.00 per ounce on average volume of trading. 

SILVER

Silver is trading in a narrow fifty cent range awaiting the results of tomorrow’s presidential election. At 11am PDT Today, Silver is up $0.28 per ounce, trading at $31.16 on normal volume.