Daily Market Report 2/10/14

GOLD

Gold rallied this morning, moving above the key $1,270 per ounce level and fresh buying from Asia. Demand continues to be strong, while trading for most of the day in a narrow $8 per ounce range between $1,270 and $1,278. At 11am PDT today, Gold is up $10 per ounce, at $1,274 on excellent volume.

SILVER

This morning, silver rallied back above the key $20 per ounce resistance level for the 18th time this year. Keep your fingers crossed as it appears to be holding in spite of seeing some professional short selling. At 11am PDT today, Silver is up $0.12 per ounce, trading at $20.10 on good volume.