Gold Reached Low Of $1,660 Per Ounce

GOLD

Gold reached a low today of $1,660 per ounce as a strong U.S. Dollar Index moved back over 100 and a collapse of crude oil price. At this mornings low, gold found sizeable bargain buying and quickly rallied $20 on strong demand. At 11am PT Today, gold is trading at $1,685 per ounce, down $19 on heavy trading volume.

SILVER

The Silver price fell with gold in early trading, reaching a low of $14.55 before finding substantial buying. Silver under $15 an ounce is an unbelievable bargain, particularly with sizeable inflation on the horizon. At 11am PT today, silver is down $0.60 per ounce, trading at $14.85 on heavy trading volume.