Higher Interest Rates And Oil Taking Gold & Silver Lower

GOLD

Last night in overseas trading, Gold started higher; then, when trading moved to India, Gold dropped to $4,122 per ounce. When trading reached London, Gold reached a high of $4,171 per ounce. Clearly, Gold is trying to build a solid support foundation.

At 11am PT today, Gold is trading at $4,136 per ounce, down $2 on excellent volume.

SILVER

Silver started today moving higher in overseas trading in London, reaching a high of $62.15 before seeing selling in the U.S.

At 11am PT today, Silver is trading at $61.01 per ounce, up $0.83 on excellent volume.