Gold Continues To Rally

GOLD

Gold continued its break-out rally this morning, reaching $1,240 per ounce on Asian and European markets. A selloff in world stock markets and concerns about the stability of the Chinese economy added fuel to the rally. Gold did sell off in U.S. markets, but held above the recent $1,230 per ounce resistance level. At 11am PDT today, Gold is trading at $1,233.50, up $10 per ounce, on excellent volume.

SILVER

Today, Silver moved higher with the Gold rally on good trading volume. Silver reached a high of $14.80 on U.S. markets before seeing some light selling. At 11am PDT today, Silver is up $0.18 per ounce, trading at $14.76 on good volume.

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