Daily Market Report 12/3/15

GOLD

Gold reached another new six year low this morning of $1,046 per ounce. At that price I saw sizeable bargain buying come into the Gold market, which drove the price up $15. The bears still have control of the market, and we need a rally above $1,100 to change the sentiment. At 11am PDT today, Gold is trading at $1,062 per ounce, up $16 on better than average volume.

SILVER

Silver reached a low of $13.81 per ounce this morning. However, for most of today’s trading Silver has traded above and below the $14 per ounce level. At 11am PDT today, Silver is up $0.06 per ounce, trading at $14.10 on good volume.