Gold moved below $1,330 then quickly rallied
Gold briefly moved below the key $1,330 support price in Asian markets, then quickly rallied $5 per ounce. In the face of a 2-day, 1,100 point drop in the Dow-Jones and a higher U.S. Dollar, Gold reached a high today of $1,339. At 11am PST today, Gold is trading up $3 per ounce, trading at $1,336 per ounce on excellent volume.
After reaching a low of $16.52 last Friday, Silver is holding above $16.70 today. Silver found bargain buying in Asian markets this morning. At 11am PST today, Silver is trading at $16.76 per ounce, up $0.04 on good volume.