GOLD

After an unsuccessful attempt to break above the key $1,300 level yesterday and last night the Gold market was hit with selling. Gold hit a low this morning of $1,281 per ounce before finding strong buying. At 11am PST today, Gold is trading at $1,284, down $11 per ounce on excellent volume.

SILVER

Silver sold off with Gold in early trading, reaching a low of $16.51 per ounce. With the Silver price trading at the low $16.50s level, we are seeing fresh bargain buyers becoming aggressive. At 11am PST today, Silver is down $0.30 per ounce, trading at $16.55 on excellent volume.