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

GOLD

This has been an exciting week for Gold investors. Gold reached a new all-time high of $3,499 per ounce and had a $200 high/low trading range an extraordinarily high trading volume. Last night, Gold traded above and below the $3,300 per ounce level as it builds a firm base for the next leg higher.

At 11am PT today, Gold is trading at $3,296 per ounce, down $41 on strong volume.

SILVER

Silver spent most of this week trading above and below the key $33 per ounce level. Today, Silver had a $1 high/low range from $32.74 to $33.75 per ounce, as it tries to firm u the $33 level as a base.

At 11am PT today, Silver is trading at $33.05 per ounce, down $0.49 on average volume.