Daily Market Report 12/11/14

GOLD

The Gold price continues to consolidate in the $1,220 to $1,229 per ounce level. This is very healthy for Gold considering that the U.S. Dollar rallied today versus the Euro and Yen.

At 11am PST today, Gold is down $6 per ounce, trading at $1,226 per ounce on average volume.

SILVER

Bears were able to drive the price of Silver down to $16.91 per ounce, before fresh buying appeared. It is clear that Silver has picked up excellent demand over the $17 per ounce level.

At 11am PST today, Silver is trading at $17.07 per ounce, down $0.12 on average volume.