Interesting activity is afoot in the financial markets as a reaction to the release of the Labor Department’s jobs report numbers for September. According to the Labor Department, there were 134,000 jobs added in September.

The question on many gold traders and investors minds is whether gold will be able to maintain its current price point above $1,200 per ounce.

Yesterday’s sharp gains in both gold and silver were directly tied to concerns by the European Union that the proposed Italian budget could cause contagion amongst other member nations.