GOLD

This morning the world’s equity markets have stabilized and Gold moved higher in Asian, Middle Eastern, and European markets. When U.S. markets opened, Gold was up $10 per ounce immediately and had good support. At 11am PST today, Gold is trading at $1,324, up $8 per ounce on excellent volume.

SILVER

This morning Silver has rallied sharply, based on a Gold rally and a weaker U.S. Dollar. Silver moved higher, above the key $16.50 per ounce level on bargain buying, primarily in Asian markets. At 11am PST today, Silver is up $0.28 per ounce, trading at $16.54 on excellent volume.