Lowered IMF Projections Cause Equity Market To Decline

GOLD

Gold opened in New York at $1,279.10 and quickly rallied $3 per ounce on bargain buying. During overnight trading the IMF lowered their projections of future global growth, which has caused equity markets to decline. At 11am PT today, Gold is trading at $1,285 per ounce, up $0.50 on good volume.

SILVER

Silver reached a low of $15.14 per ounce this morning. That price attracted buyers and the Silver price quickly moved to $15.24. At 11am PT today, silver is down $0.03 per ounce, trading at $15.34 on nice volume.