Gold And Silver Inverse Baumgartner'd

UPDATE 1: Chatter of a potential US downgrade from Moody's is being blamed (but that news out hours ago)

UPDATE 2: Silver futures trading volume 82% higher than 100-day average

While the mainstream media will likely be loathed to mention it, gold and silver are surging higher. Gold has retested $1400 and Silver $23 on no news... so it seems the demand for 'cheaper' precious metals was enough to warrant a 4.6% rally off overnight lows in gold and 12.5% in silver amid heavy volume in futures markets...

Charts: Bloomberg