Gold Profits In European Trading

GOLD

Gold saw some serious profit taking in late European trading this morning. Gold reached a low of $2,010 before seeing bargain buying. The U.S. Dollar was also rallying at the time, but there was no negative news released. At 11am PT today, Gold is trading at $2,012 per ounce, down $19 on light volume.

SILVER

Silver moved down with Gold this morning, breaking below the key $25 per ounce level, reaching $24.10 on short-selling after breaking support. Silver rallied back $0.20 off the lows on bargain buying when the markets moved to the U.S. At 11am PT today, Silver is down $1.20 at $24.30 on average volume. An outstanding value.