Another nice day for Gold investors

GOLD

Another nice day for Gold investors. Gold broke out of its recent trading range, breaking above the key $1,270 per ounce resistance level. This bullish move would be impressive if Gold could stay in the $1,270 to $1,300 trading range until year end. At 11am PST today, Gold is trading at $1,274, up $7 per ounce on average volume.

SILVER

In early trading Silver reached a high of $16.45, a recent high on good volume. Silver should have resistance next week around the $16.50 level. At 11am PST today, Silver is up $0.15 per ounce, trading at $16.30 on good volume.