Gold is working its way higher

GOLD

Gold is working its way higher within its $1,320 to $1,350 trading range. Asian, Middle Eastern and European commodity markets are clearly the leader in the current Gold rally. Gold’s trading volume and central bank buying continues to grow. At 11am PST today, Gold is up $6 per ounce, trading at $1,334 on good volume.

SILVER

Silver continues its bull/bear fight to stay above the key $17 per ounce resistance/support level. In the face of a rally in the Gold price, I’m very disappointed that Silver couldn’t move firmly above $17. At 11am PST today, Silver is trading at $17.02, up $0.04 on average volume.