Gold & Silver Break Below Support Levels

GOLD

Gold fell this morning after the National Association of Realtors announced that October existing-home sales, including single-family homes, townhomes, condominiums, and co-ops, fell 5.5% to a seasonally adjusted annual rate of 3.75 million.
This report was worse than expected by economists, and Gold dropped below the $3,900 level.

At 11 am PT today, Gold is down $110 per ounce, at $3,880 on excellent volume.

SILVER

Silver followed Gold lower, reaching a low of $49.59 before seeing bargain buying.
Demand continues to be strong for physical and contract Silver products.

At 11 am PT today, Silver is trading at $50.15, down $1.75 on excellent volume.