Daily Market Report 10/8/15

GOLD

After moving above the key $1,150 per ounce resistance level yesterday, this morning Gold showed some short term profit taking. Gold moved to a low of $1,136 in early Asian trading before serious buyers appeared. At 11am PDT today, Gold is trading at $1,148 per ounce, down $1 on average volume.

SILVER

This morning there was serious selling in the Asian Silver market, taking the price from $16.11 to $15.39 per ounce. After the selloff, bargain buyers appeared and the price rallied back to $15.80. At 11am PDT today, Silver is down $0.28 per ounce, trading at $15.82 on normal volume.