Gold And Silver Trade At A Bargain Overseas

GOLD

After seeing Gold dip below the $1700 level early in the overnight trading hours there has been a fairly strong reversal as we saw Gold clear $1700 in the Hong Kong, London, and US trading hours. This can be for a variety of reasons, but the key thing to take out of it is that there is a lot of support for Gold above the $1700 level. At 11am Gold is $1720.75 up by $18.75 on strong trading volume.

SILVER

We saw a similar behavior with Silver overnight compared to Gold. Silver dipped below the $18 level in the early Asian trading hours, and has corrected to show that the market purchased at bargain value. At 11am Silver is $18.54 up by $0.52 on below normal trading volume.