Both Gold & Silver Moving To Record Highs

GOLD

Based on key US economic reports on unemployment and inflation, market analysts are looking forward to the Federal Reserve dropping interest rates next week. A drop in interest rates, whether it be a ¼ or ½ percent, will be bullish for the precious metals. Gold rallied this morning, moving above the $3,650 per ounce level and showing active buying, somewhat surprising for Friday trading.

At 11am PT today, Gold is up $13 per ounce, trading at $3,650 on active trading.

SILVER

Silver is the headliner for precious metals this week, reaching a 14-year high this morning of $42.50 per ounce. Silver is up 10% just in the past month, and trading volume has increased. I recommend reading an article called “Silver’s doubly-squeezed industrial and investment supply could drive prices above $100/oz this cycle,” it’s listed on the Investor Education section on the mintstategold.com.

At 11am PT today, Silver is trading at $42.30 per ounce, up $0.70 on the day.