Both Gold & Silver Are Off And Running Again

GOLD

Gold moved over the key $5,200 resistance level this morning on a surprise jump in inflation. Higher inflation and safe-haven demand should keep Gold above this level. Gold is headed for a weekly and monthly gain that could lead to its longest monthly rally streak in 50 years. Gold reached a high of $5,268 in US trading before seeing light profit-taking.

At 11am PT today, Gold is trading at $5,240 per ounce, up $65 on the day.

SILVER

Silver followed Gold higher this morning on the strong inflation news. Silver reached a high of $94.27 before seeing a sell-off.

At 11am PT today, Silver is trading at $92.65 per ounce, up $5.25 on excellent volume.