Gold Reaches New High And Firmly On The Road To $2,800

GOLD

Like my London commodity broker says, “This market does want to go down”. Gold has continued to hit new highs the entire month of October, reaching $2,790 today. Concerns about the presidential election and the future leadership of the U.S. seem to be inspiring the fresh Gold buying we've seen this morning.

At 11am PT today, Gold is trading at $2,789 per ounce, up $19 on good volume.

SILVER

Silver didn’t want to move higher with Gold this morning and saw profit-taking in European and U.S. commodity markets. Silver saw a high of $34.57 before the selling hit the market.

At 11am PT today, Silver is down $0.45 per ounce, trading at $33.90 on strong volume.