Gold consolidating after recent rally

GOLD

After the recent $80 rally, Gold is consolidating in a tight trading range between $1,320 and $1,350 per ounce. This is very healthy for both the short and long-term direction for the Gold price. At 11am PST today, Gold is down $12 per ounce, trading at $1,328 on normal volume

SILVER

If you are interested in Silver, take a minute and read two excellent articles on Silver that are posted on our website:

JP Morgan Has Acquired a “Massive Quantity of Physical Silver”
Silver Volume Extreme as in April 2013

Silver continues to test the $17 support/resistance level as Gold establishes a tight trading range. Again, Silver needs to stay above $17 to have a bullish trend for professional commodity traders. At 11am PST today, Silver is trading at $16.98 per ounce, down $0.19 on normal volume.