Gold Showing Good Demand Over $4,000

GOLD

This morning, we saw the 3rd and hopefully last attempt to back the key $4,000 support level for Gold in London. Gold reached a low of $3,988 per ounce during trading in London, before seeing strong demand in the U.S.

At 11am PT today, Gold is trading at $4,059 per ounce, up $39 on excellent volume.

SILVER

Silver reached a low last night of $52.55 before seeing excellent demand in London and the U.S. Silver looks like it wants to build a base above $54 per ounce.

At 11am PT today, Silver is up $0.20 per ounce, trading at $54.40 on excellent volume.