Last night’s first presidential debate was more like an MMA (mixed martial arts) bout then a discourse between two candidates seeking the highest office in the land.

Both gold and silver both had respectable gains in trading today. Concurrently U.S. equities traded under moderate pressure, as traders and market participants await the outcome of tonight’s presidential debate.

On Friday, September 25 we spoke about the fact that gold had plunged below its 50-day moving average one week prior. Last Thursday and Friday the intraday lows took gold pricing just above the 100-day moving average.