Equity Markets & Interest Rates Moving Higher

GOLD

Equity markets and interest rates are moving higher today, as Gold trades in a narrow $9 high/low range, between $1,297 and $1,288 per ounce. I believe we should see Gold break back above the key $1,300 level within a few days. At 11am PT today, Gold is trading at $1,290 per ounce, down $4 on average volume.

SILVER

Silver tested its important $15 per ounce support level this morning, hitting a low of $15.01 on early trading. At that price Silver found buyers and the price quickly move to $15.12 per ounce. At 11am PT today, Silver is down $0.03 per ounce, trading at $15.11 on normal volume.