Gold & Silver Test Support On Possible Trade News

GOLD

After breaking below the key $4,000 per ounce support level yesterday, the short-selling began.
The market reached a low of $3,886 in London before seeing bargain buying.
With the Federal Reserve meeting and hopefully an interest rate cut, with indications of another cut in
December, Gold will move back over the $4,000 barrier.

At 11 am PT today, Gold is trading at $3,964 per ounce, down $44 on good volume.

SILVER

Silver reached a low today of $45.48 per ounce before seeing short-covering and fresh bargain buying.
We saw strong demand for Silver in London when the price fell below $46 per ounce.

At 11 am PT today, Silver is up $0.21, trading at $47.20 on good volume.