Major Markets Are Down While Gold Climbs

GOLD

Gold is having a good day today as we see the major markets getting hurt. Especially with the U.S. Dollar index down it is unpleasant to see the Dow and NYSE getting hurt, but good news for Gold as it appears to building up a new resistance level. At 11am Gold is $1870.41 up by $16.90 on above average demand.

SILVER

We are seeing Silver above the $22 level again today after it was in the range yesterday during China and London trading hours. It peaked around the $22.30 point before some profit taking came in, but it’s holding well in the $22 range today. At 11am Silver is $22.17 up by $0.32 on good volume.