Disappointing November Jobs Report Causes Precious Metals Rally

GOLD

This morning, the U.S. Labor Department released information on jobs for November. That number showed only a 210,000 job increase, far below the estimated 573,000 jobs. The equity and bond market quickly dropped and Gold rallied $20 per ounce. At 11am PT today, Gold is trading at $1,788 per ounce, up $20 on excellent demand.

SILVER

Silver also reacted positively to the decline in U.S. jobs, by quickly rallying to $22.66 per ounce. We are seeing increasing demand for many of the popular Silver investment coins, which means premiums are likely to move higher. At 11am PT today, Silver is up $0.17 per ounce, trading at $22.61 on good volume.