Markets Brace Themselves For The Next Economic Hurricane

GOLD

As the U.S. Market opened Gold retook any gains it lost overnight. We are waiting for the Federal Reserve to come out with their most recent numbers, but with Jamie Dimon coming out this morning saying to “brace yourself” about the next economic “hurricane” it makes sense that a safe haven like Gold would have a upswing. At 11am Gold is $1851.66 up by $2.60 on above average trading volume.

SILVER

It’s a little calmer in the Silver pits today even though the same general thing is happening to this metal as Gold. As we have seen during U.S. trading, Silver too has been in an upswing and regaining any minor declines during the overnight hours. At 11am Silver is $21.97 up by $0.19 on light trading volume.