Daily Market Report 2/6/15

GOLD

As I mentioned in last Friday’s blog, the Asian buyers love cheap Gold and jumped all over Gold this morning when it opened at $1,235 per ounce. The heavy Gold buying quickly took the price up to $1,244 per ounce. I would like to see Gold break back above $1,250 by Wednesday. At 11am PST today, Gold is trading at $1,242 per ounce, up $6 from last Friday’s close on excellent demand.

SILVER

Silver moved back above the key $17 per ounce level this morning on excellent physical demand. At 11am PST today, Silver is up $0.41 per ounce, trading at $17.05 per ounce.