Gold is on a bullish rally
The U.S. Dollar is up, interest rates are higher, and Gold is making 4-month highs? What that means is that when Gold is on a bullish rally, very little will stop it. International demand for physical Gold continues to grow in Asian, Middle Eastern and European markets. At 11am PST today, Gold is trading at $1,321 per ounce, up $3 on excellent volume.
Silver continues its fight to stay above the $17 per ounce support/resistance level. Today’s low was the same as yesterday, $16.88, and a high of $17.08 per ounce with very active trading. At 11am PST today, Silver is down $0.03 per ounce, trading at $16.99 on active volume.