Gold Shows Strength In Time Of Crisis

GOLD

After yesterday’s dramatic drop in the equity markets around the world, we saw a serious liquidity problem early today. That problem helped push the price of Gold down to $1,450 per ounce during Asian and European trading. At that price, Gold found major buyers, pushing the price up $100 in just a few hours. Gold continues to show it is the best investment in times of financial crisis. At 11am PT today, Gold is up $40 per ounce, trading at $1,536 on excellent

SILVER

Silver isn’t showing the strength Gold has, reaching a low of $12.07 per ounce before finding bargain buying. Physical demand for popular Silver investment items is backlogged right now. At 11am PT today, Silver is down $0.22 per ounce, trading at $12.71 on excellent volume.