Daily Market Report 2/10/17

GOLD

In early morning Asian trading, the U.S. Dollar rallied and Gold/Silver sold off. Gold reached a low of $1,221 per ounce, at which point it quickly rallied $10 in the face of a strong U.S. Dollar. At 11am PST today, Gold is trading at $1,233 per ounce, down $2 on average volume.

SILVER

Silver was briefly brought above the key $18 per ounce level this morning and was quickly met with light short term profit taking. I believe Silver will make a second attempt at this level on Monday. At 11am PST today, Silver is up $0.19 per ounce, trading at $17.92 on good volume.