The Gold rally continues

GOLD

The Gold rally continues for the third straight day, up another $8 today on active trading. I believe we will see a move to the $1,250 resistance level very soon. At 11am PDT today, Gold is up $8, trading at $1,242 on average volume.

SILVER

Silver tested the $16 support level this morning and held, reaching a low of $16.07 before sizeable buying appeared. The price quickly moved to today’s high of $16.36 per ounce. At 11am PDT today, Silver is trading at $16.26 per ounce, up $0.13 on normal volume.

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