Gold continues year-end rally

GOLD

Gold continues its year-end rally, reaching a high of $1,289 per ounce this morning. I believe there will be some resistance as it moves to the $1,300 level, but firmly breaking above the important $1,300 per ounce resistance level would be very bullish for 2018. At 11am PST today, Gold is trading at 1,287 per ounce, up $4 on active volume.

SILVER

As we move towards year-end, Silver is showing excellent physical demand. Plus, Silver is moving higher at a faster pace than Gold, again very bullish. At 11am PST today, Silver is trading at $16.70 per ounce, up $0.20 per ounce on good volume.

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