Metals War Driving Gold And Silver Up And Down

GOLD

The Metals War continues, Gold moved up to $50 higher during India and London trading, but when it got to the U.S. sold off on an increase in margin requirements. Gold reached a high of $4,403 during London trading, a strong demand, then dropped to $4,314 in the U.S. before seeing bargain buying.

At 11am PT today, Gold is trading at $4,322 per ounce, up $2 on heavy volume.

SILVER

Silver reached a high of $74.59 this morning during London trading, before selling off during U.S. trading. China is restricting exports of Silver, as it is now classified as a critical metal.

At 11am PT today, Silver is up $0.50 per ounce, trading at $72.10 on heavy volume.