Gold Demand Soars in Asia, The Middle-East, And Europe

GOLD

Gold demand has soared in Asia and we are seeing solid demand from the middle-east and Europe. U.S. Gold imports have increase over 400% this year, and the U.S. mint is backlogged on the popular Gold Eagles and Buffalo coins. Gold rallied today $14 per ounce as many professional traders want to be long Gold (buying). At 11am PT today, Gold is up $14 per ounce, trading at $1,715 on excellent volume.

SILVER

Silver hasn’t rallied with Gold, as it continues to find support over $17.50 per ounce. Demand for physical Silver investment products is still strong at the current price level. At 11am PT today, Silver is down $.02 per ounce, trading at $17.68 on good volume.