Daily Market Report 8/10/16

GOLD

Based on a weaker U.S. Dollar and the anticipation of some weak economic news in the next few days, Gold rallied this morning. Gold reached a high of $1,357 before seeing some short term profit taking. At 11am PDT today Gold is trading at $1,345 per ounce, up $4 on good volume.

SILVER

Silver finally moved back above the important $20 per ounce resistance/support level this morning. Silver reached a high of $20.48 per ounce before selling appeared. At 11am PDT today, Silver has increased by $0.30 per ounce, trading at $20.14 on excellent volume.

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