Gold Is Down $30 On Heavy Volume

GOLD

After a highly volatile weekend, with Gold briefly breaking below the $1,700 support level, Gold saw bargain buying in late European and U.S. trading. We are seeing very large trading volume on all of the world’s largest Gold commodity exchanges, which is very important to the short-term direction of the market. At 11am PT Today, Gold is trading at $1,730 per ounce, down $30 on heavy trading volume.

SILVER

Silver is trading today at $1.00 less than Friday’s close on large volume, as it tries to establish a new trading range. At the current trading price, Silver represents an excellent value based on the highly probable inflation rate we will be seeing soon. At 11am PT today, Silver is down $0.88 per ounce, trading at $23.44 on heavy trading volume.