We are seeing the market stabilize

GOLD

After the 1.8 million-ounce Gold sale in just 60 seconds that caused a $20 drop yesterday, we are seeing the market stabilize. Gold traded between $1,241 to $1,253 per ounce in foreign and domestic exchanges. At 11am PDT today, Gold is up $2 per ounce, trading at $1,248 with active volume.

SILVER

This morning, Silver tested the important $16.50 per ounce support level and held. A weaker U.S. Dollar Index is helping to support precious metal prices. At 11am PDT today, Silver is trading at $16.63 per ounce, up $0.01 on good volume.