Daily Market Report 11/21/13

GOLD

The Federal Reserve October policy minutes that were released yesterday showed a possibility that they may be reducing the $85 billion monthly stimulus program within a few months. This was considered negative for Gold, and Gold sold off sharply. Gold found great support and demand this morning after reaching $1,236 per ounce. At 11am PDT today, Gold is trading at $1,244 per ounce, down $18 per ounce on heavy volume.

SILVER

Silver hit a low of $19.65 per ounce early this morning, before seeing heavy demand and the market quickly rallied back to $20 per ounce. At 11am PDT today, Silver is down $0.14 per ounce, at $20.04 per ounce on heavy volume.