Daily Market Report 4/9/15

GOLD

The U.S. Dollar rallied today, moving to $1.04 to the Euro. This Dollar rally negatively affected Gold, driving the price down to $1,192.60 per ounce. I am very disappointed that Gold couldn’t hold the important $1,200 per ounce support level. However, there wasn’t a lot of professional selling or shorting after the price break, and Gold found good support at the current price level. At 11am PDT today, Gold is trading at $1,195 per ounce, down $9 on normal volume.

SILVER

Right now the Bears are in control of the price of Silver, driving it down to $16.12 this morning. At 11am PDT today, Silver is down $0.30 per ounce, trading at $16.25 on average volume.