BOTH GOLD AND SILVER CONTINUE MOVING HIGHER

GOLD

The February U.S. Consumer Price Index (CPI) was released today and it showed an increase of 2.8%, lower than expected. Gold was trading at $2,904, the low of the day, when the CPI was released and quickly started moving higher. After building a firm base and testing the key support level, it is now on the way to $2,950 per ounce.

At 10:30 am PT today, Gold is trading at $2,935 per ounce, up $20 on excellent volume.

SILVER

Silver is showing more price support and demand than Gold recently. Silver has broken above $32 and $33 per ounce on its way to $35 per ounce as investors look for an investment alternative to Gold.

At 10:30 am PT today, Silver is up $0.45 per ounce, at $33.20 on nice volume.