Gold Climbs After Yesterday's Failed Russia/Ukraine Negotiations

GOLD

With both interest rates and the U.S. Dollar Index dropping, plus no positive movement in the Russia/Ukraine negotiations, Gold started moving higher. After yesterday's inter-day reversal on heavy volume, buyers came back this morning, taking the Gold price to $1,939 before seeing light profit-taking. At 11am PT today, Gold is up $15 per ounce, trading at $1,935 on average volume.

SILVER

The Silver price traded today above and below the key $25 per ounce support/resistance level. I am seeing a lot of accumulation of limited supplies in the physical Silver market, which is a good sign, as premiums move higher. At 11am PT today, Silver is trading at $24.95 per ounce, up $0.12 on normal volume.