Gold Building A Firm Base For The Next Move Higher

GOLD

The markets are awaiting the next moves of the Israeli military and the Federal Reserve. While both of those actions are on hold, we are seeing some short-term profit taking in Gold. Today, Gold traded between $1,969 to $1,983 per ounce, as it tries to establish a firm base before the next rally to $2,000. At 11am PT today, Gold is trading at $1,978, down $5 in active trading.

SILVER

Silver saw brief trading below $23 this morning in Asian trading. Silver quickly moved back above the $23 support level during European trading. Silver traded today between $22.90 and $23.40 per ounce. At 11am PT today, Silver is down $0.30 per ounce, trading at $23.10 with excellent volume.