Daily Market Report 6/9/15

GOLD

Gold rallied this morning on uncertainty over the Greek debt crisis. Greece proclaimed a new willingness to compromise with its international creditors on Monday, as German Chancellor Angela Merkel warned that time was running out for a reform-for-aid deal to keep the country in the Euro. A failure to agree on a deal could trigger safe-haven bids for Gold.

It was reported by Russian news source Pravda that the Chinese Central Bank has now accumulated 30,000 tons (965 million ounce) of Gold. If confirmed, that would be over 4 times the amount of Gold reported by the U.S. Read the full article at:
http://www.mintstategold.com/investor-education/how_much_gold_is_in_china/

At 11am PDT today, Gold is trading at $1,178 per ounce, up $4 on average volume.

SILVER

Silver spent most of the day trading above and below the important $16 per ounce long term support/resistance level. We are seeing excellent demand for physical Silver investment product in Asia, Middle East and Europe.

At 11am PDT today, Silver is down $0.01, trading at $16.02 per ounce on normal volume.