Base Building Continues For Gold Price

GOLD

Gold is trading in a very narrow $8 high/low range, between $1,288 and $1,295 per ounce all day. The base building continues for the Gold price. All we need is a little stimulus and Gold will fly through the $1,300 resistance level. At 11am PT today, Gold is trading unchanged at $1,293.50 per ounce on average volume.

SILVER

Silver reached a low of $15.41 in early trading. Bargain buyers appeared at the low and drove the price back up to $15.57 before see light selling. At 11am PT today, Silver is trading at $15.54 per ounce, down $0.06 on normal volume.

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