Daily Market Report 12/14/15

GOLD

Gold fell today as the U.S. Dollar moved higher versus the Euro in anticipation of the Federal Reserve policy meeting this week to announce the first interest rate increase in nearly a decade. At 11am PDT today, Gold is trading at $1,065, down $10 per ounce on excellent volume.

SILVER

Silver is making new seven-year lows, hitting $13.63 in early morning trading. We should see some support around the $13.50 per ounce level, but the bears have complete control of Silver and I believe we will see the low of the year and a turn by Dec 31. At 11am PDT today, Silver is down $0.17, trading at $13.75 per ounce on excellent volume.