Daily Market Report 2/9/16

GOLD

Gold unsuccessfully tested the important $1,200 per ounce resistance level again, reaching $1,199.20 per ounce. The weaker worldwide equity markets continue to drive fresh buyers into the precious metal markets. At 11am PST today, Gold is down $1, trading at $1,195 per ounce on excellent volume.

SILVER

Silver reached a high this morning of $15.47 before seeing some short term profit taking. There continues to be strong demand when Silver drops below $15.30 per ounce. At 11am PST today, Silver is trading at $15.34, down $0.06 per ounce on good volume.