Commodity Traders Take A Careful Look At New Fed Policies

GOLD

With professional commodity traders taking a careful look at the new Fed policies and a drop in the value of the U.S. dollar today, Gold is back on track. Gold reached a high of $1,975 before seeing some light short-term profit-taking. At 11 am PT Today, Gold is trading at $1,962 per ounce, up $32 on good volume.

SILVER

Silver hit a high of $27.80 per ounce as the Gold price rallied. Premiums on the popular Silver investment items have finally dropped to realist levels. At 11 am PT today, Silver is up $0.43 per ounce, trading at $27.40 on average volume.