Gold Building A Firm Support Base Above $3,300 Per Ounce

GOLD

After the extraordinary volatility in the Gold price we saw earlier this week, the Gold price has calmed down. Today’s trading is showing that Gold is consolidating recent gains and building an excellent base above the key $3,300 per ounce level. After a short period of time, Gold should start its 2nd attempt to break the $3,500 resistance level.

At 11am PT today, Gold is trading at $3,337 per ounce, up $53 on excellent volume.

SILVER

Silver traded today between $33.11 and $33.74 per ounce as it consolidates it recent break above the key $33 level. With Gold at the current level, Silver is a bargain under $40 per ounce.

At 11am PT today, Silver is up $0.04 per ounce, trading at $33.54 on good volume.