Gold Building A Nice Base For Year-End Rally

GOLD

As the U.S. Dollar stays in the 97 range, and Bitcoin drops below $3,600, Gold is trading in the $1,222 to $1,229 trading area. Gold appears to be building a nice base for a year-end rally. At 11am PT today, Gold is trading at $1,223, down $3 per ounce on normal volume.

SILVER

Silver had some short-term profit selling this morning as it approached $14.50. Silver hit a high of $14.46 before seeing the selling. Silver has traded actively between $14.24 and $14.46 per ounce. At 11am PT today, Silver is down $0.24 per ounce from Wednesday trading at $14.25 on average volume.