Golds recent decline appears to have bottomed out

GOLD

The recent decline in the Gold price appears to have bottomed out this morning at $1,277 per ounce. There was major buying when Gold broke below the key $1,280 level and the price quickly moved back to above $1,285. At 11am PDT today, Gold is trading at $1,287, up $1 per ounce on good volume.

SILVER

Silver hit a low of $16.65 this morning before turning around. At the current price level we are seeing increased physical demand for the popular Silver investment products. At 11am PDT today, Silver is up $0.03 per ounce, trading at $16.85 on good volume.

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