Gold Hits New All-Time Record High Of $2,225 Per Ounce

GOLD

I LOVE SAYING THIS – GOLD HITS ANOTHER ALL-TIME HIGH THIS MORNING OF $2,225 PER OUNCE.
Gold traded under $2,200 this morning until hitting the London market. In London, the buyers aggressively took the price to over $2,200. When that happened, the professional traders covered their short-sales and the price soared to $2,225 per ounce.

At 11am PT today, Gold is trading at $2,221 per ounce, up $31 on sizeable buying

SILVER

Silver moved up with the Gold rally, reaching a high of $24.99, but could not break above the key $25 per ounce resistance level. Very disappointing. At the highs of today, we saw selling come in and the price moved down to $24.80 per ounce

At 11am PT today, Silver is up $0.27 per ounce at $24.87 on good trading volume.