Gold broke through resistance levels when bullion in euros traded above its 200-day moving average. The 200-day moving average is a technical indicator that is used in trading commodities and stocks and bonds.

The strength in gold drove silver 2% higher to $15.74 per ounce. This is the highest price since mid June.

The other precious metals are also up. Platinum rose .4% to $1,244.00 per ounce. September palladium is up $7.40 per ounce to $295.50 per ounce.

Oil which often follows gold is up a a tad, 54 cents to $68.09 per barrel on the October contract.

The dollar is weaker with the September contract down 14 to 78.03 (the dollar is priced against a basket of currencies.)

The stock market is steady with the September Dow contract is up 40 to 9260.

Coming back to gold, the price is pushing near $1,000 per ounce. The all-time high is $1,035 per ounce.

This two-day run up indicates that investors are taking protection against the dollar and equities at these levels. Both have been weak of recent days. The other factor is that with today's electronic trading and the use of technical indicators, many computerized programs trigger either buying or selling when certain prices are breached.

What is so fascinating about trading is that markets like gold can slosh around for several months, then all of sudden it takes off and the move is on. The same is true for the stock market.

Would you buy gold at these levels?