GOLD

A higher U.S. Dollar Index is causing Gold to trade above and below the important $1,200 per ounce resistance/support level this morning. There are reports showing strong demand for physical Gold investment products around the globe, particularly in Europe and the Middle East. At 11am PDT today, Gold is trading at $1,201 per ounce, down $2 on excellent volume.

SILVER

Silver continues to show more price support than Gold, trading in the $14.60 to $14.80 per ounce range. At 11am PDT today, Silver is up $0.02 per ounce, trading at $14.68 on good volume.