Gold & Silver Broke Key Support Levels

GOLD

Gold stayed above the key $4,000 level in all the overseas markets last night and when it started trading in the U.S. this morning. Demand has been strong, especially in China.

At 11am PT today, Gold is trading at $4,020 per ounce, up $20 on excellent volume.

SILVER

Silver reached a low last night of $52.88 before seeing some demand in overseas and U.S. markets and rallied back above the $54 per ounce level.

At 11am PT today, Silver is up $0.20 per ounce, trading at $54.20 on excellent volume.