Daily Market Report 11/13/14

GOLD

Gold reached a low of $1,154 per ounce in early Asian trading. For the most part today Gold has stayed just above and below the $1,160 per ounce level, on average trading volume. This trading looks to be healthy consolidation, but I need to see Gold rally above $1,180 per ounce to be more optimistic.

At 11am PST today, Gold is trading at $1,162 per ounce, up $3 on average trading volume.

SILVER

Silver is showing excellent support at $15.50 per ounce, and reached a high of $15.82 today. Silver continues to wait for a breakout and breakdown in Gold to establish a direction.

At 11am PST today, Silver is down $0.02 per ounce, trading at $15.64 per ounce on average volume.