A Weaker U.S. Dollar Leads to Rally

GOLD

A weaker U.S. Dollar this morning lead to a $8 rally in the Gold price. What’s important is the move back over the $1,200 per ounce support/resistance level. At 11am PDT today, Gold is trading at $1,202 per ounce, up $8 on good volume.

SILVER

With Gold up $8 (.67%), Silver has rallied $0.14 (1 %), trading at $14.20 per ounce, 33% higher. At 11am PDT today, Silver is trading at $14.20 per ounce, up $0.15 on good volume.