Gold showed increased demand this morning

GOLD

Gold showed increased demand this morning when it hit its low of $1,305.70 per ounce. Please remember that $1,300 is a very important support level or Gold. It appears that the September correction will be over very soon, then I expect to see a little consolidation and a move back to the $1,350 level before the end of the month. At 11am PDT today, Gold is trading at $1,309 per ounce, up $2 on normal volume.

SILVER

Silver’s low today was $17.09, that 4 cents higher than yesterday and still above the key $17 per ounce support level. Most of today’s trading has been in the $17.20 area. At 11am PDT today, Silver is up $0.08 per ounce, trading at $17.24 on average volume.

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