Daily Market Report 2/10/16

GOLD

The Gold short sellers were able to drive the price down to $1,181 in Asian trading this morning. However, at that price fresh buying appeared and drove the price back above $1,190 again. It is very healthy for Gold to consolidate its recent gain while building a base above $1,180 for its next move above $1,200 per ounce. At 11am PDT today, Gold is trading at $1,192 per ounce, down $3 on good volume.

SILVER

Silver reached a low of $15.07 this morning during the Gold sell off. Silver has excellent physical and commodity market demand above the important $15 support level. At 11am PST today, Silver is trading at $15.24, down $0.10 per ounce on good volume.