GOLD

This morning Gold has traded in a very narrow trading range from $1,229 to $1,236 per ounce. I consider this as bullish base building trading, in light of last week’s $30 rally. At 11am PST today, Gold is trading at $1,233 per ounce, up $4 on normal volume.

SILVER

This morning Silver traded above and below the $17.40 per ounce level. Today’s trading shows excellent consolidation after last week’s $0.60 increase. At 11am PST today, Silver is up $0.06 per ounce, trading at $17.42 on average volume.