Gold reached $1,241 before seeing bargain buying

GOLD

Gold reached a low of $1,241 in early trading before seeing bargain buying. Here are two very intuitive and thought-provoking articles on Gold demand and supply.

See links below:

Everyone Is Hoarding Gold

World Running out of Gold - there’s no substitute, experts warn

At 11am PDT today, Gold is trading at $1,247, up $3 per ounce on excellent volume.

SILVER

After Silver reached $15.72 per ounce, both physical and contract demand increased, driving the price over $16 per ounce. Silver traded above and below the $16 level most of the day. At 11am PDT today, Silver is trading at $15.98 per ounce, up $0.16 on excellent volume.