GOLD

Gold tested its $1,270 per ounce support level this morning and quickly rallied $8 per ounce. Physical demand for Gold investment products is picking up in the over the counter and futures markets. At 11am PST today, Gold is trading at $1,280, up $5 per ounce on excellent volume.

SILVER

Silver reached a low of $16.26 in Asian markets before finding strong demand. At 11am PST today, Silver is down $0.08 per ounce, trading at $16.38 on excellent volume.