Both Gold & Silver Trading Above Support Levels

GOLD

In trading yesterday, Gold reached an All-Time Record high of $4,525.80 per ounce. It was my Birthday present and a great present it was. This morning, we finally saw some profit-taking after the U.S. Consumer Confidence for December was released, which fell to 89.1.

Gold briefly dropped to $4,449 before seeing bargain buying.

At 11am PT today, Gold is down $5 at $4,481 on average volume.

SILVER

Silver doesn’t want to go down or build a base. Silver continues to move higher, reaching a new all-time high of $72.75 last night. There was some light profit-taking in early New York trading.

At 11am PT today, Silver is up $0.70 per ounce, at $71.88 on normal volume.