All Aboard The Gold Train As Rally Continues

GOLD

The Gold rally continues as the price moves above $1,342 per ounce, preparing for the next attempt to break the important $1,350 level. More and more hedge fund traders and mutual fund managers are getting on the Gold train. The key factor for Gold to break $1,350, other than a lower U.S. Dollar, is the potential of the Federal Reserve lowering interest rates next week. At 11am PT Today, Gold is trading at $1,342, up $8 per ounce on good volume.

SILVER

Silver followed Gold higher this morning, reaching $14.92 per ounce. Hopefully, Silver will break above $15 per ounce when Gold moves above $1,350 per ounce. At 11am PT today, Silver is up $0.15 per ounce, trading at $14.92 on average volume.