Gold rallied today

GOLD

A political crisis in Italy that is causing heavy selling on European equity markets has rolled into the U.S. Market, driving the Dow Jones down over 400 points. Amazingly, Gold has rallied today, moving over the $1,300 resistance level, in the face of a strong U.S. Dollar Index nearing 95 (highest since 2011). At 11am PDT today, Gold is trading at $1,301 per ounce, down $3 on excellent trading volume.

SILVER

Silver isn’t moving higher with Gold today. Silver tested its recent low of $16.28 before finding buying. At 11am PDT today, Silver is down $0.13 per ounce, trading at $16.42 on normal volume.