Daily Market Report 2/13/17

GOLD

A strong U.S. Dollar and equity market caused Gold to sell-off this morning. Gold reached a low of $1,220 per ounce and found bargain buyers. Gold continues to show excellent support and I look for this retracement to be brief. At 11am PST today, Gold is trading at $1,225 per ounce, down $8 on good volume.

SILVER

Silver briefly broke above the key $18 resistance this morning, reaching a high of $18.01 per ounce. Silver then sold off with Gold and found excellent support at $17.75. At 11am PST today, Silver is down $0.07 per ounce, trading at $17.85 on normal volume.

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