Gold Building A Firm Above The $3,300 Per Ounce Level

GOLD

It was reported today that U.S. consumer confidence is at a 5-year low, as the uncertainty is hitting Main Street. I like what I’ve seen in Gold trading over the past few days. Gold wants to hold above the $3,300 per ounce level, as it builds a firm base for the next leg higher. Gold traded today between $3,297 and $3,349 per ounce.
At 11am PT today, Gold is trading at $3,315 per ounce, down $23 on average volume.

SILVER

Silver traded today between $32.81 and $33.62, continuing to build a firm base at the $33 level.
At 11am PT today, Silver is trading at $33.15 per ounce, up $0.07 on normal volume.