GOLD

After yesterday’s $21 rally on top of Gold’s $20 increase in the previous five days, it’s time for a small bit of consolidation. Gold did hit a high of $1,265 in Asian trading before seeing some short term profit taking. At 11am PDT today, Gold is trading at $1,251 per ounce, down $7 on active volume.

SILVER

After yesterday’s failed test to break above the key $17 per ounce resistance level, sellers hit the Silver market today. Silver showed excellent demand at $16.50 level, with heavy buying. At 11am PDT today, Silver is down $ 0.28, trading at $16.67 per ounce on good volume.