Gold getting no direction

GOLD

Today Gold has traded above and below the important $1,200 per ounce support level. The U.S. Dollar Index and interest rates are providing no direction. At 11am PDT today, Gold is trading at $1,201, down $4 per ounce on normal volume.

SILVER

Silver tested its $14.50 per ounce support level, reaching a brief low of $14.47 per ounce. Silver definitely needs to hold above the $14.50 level to build a base for the next move above $15 per ounce. At 11am PDT today, Silver is down $0.18 per ounce, trading at $14.58 on average volume.