Gold & Silver Test Key Support And Hold

GOLD

Gold traded above $4,100 in China and India this morning, but dropped below that when trading in London.
By the time Gold opened in the U.S., the Department of Labor updated our October Consumer Price Index with an increase of 0.4%.
That was well above what was expected, and Gold dropped to a low of $4,012 before rallying.

At 11 am PT today, gold is trading at $4,030 per ounce, down $71 for the day.

SILVER

Silver dropped with Gold on the CPI news and found support at the $51 per ounce level.
Because of the recent demand, premiums on many of the popular Silver bullion investment coins have started to increase.

At 11 am PT today, Silver is down $1.25 per ounce today, at $51.35 on excellent volume.