Gold & Silver Staying Strong On Bearish Economic News

GOLD

Today, the Labor Department reported that for the week of December 21st, the U.S. weekly jobless claims fell to 219,000 jobs. This was slightly above the number of expected claims and the Gold price reacted negatively.
At 11am PT today, Gold is trading at $2,633 per ounce, up $18 on normal demand.

SILVER

Silver appears to have found good support above $29.50 per ounce with strong buying on Asian markets.
At 11am PT today, Silver is up $0.05 per ounce, trading at $29.70 on average volume.