Gold Continues Its Rally While Silver Is Following Higher

GOLD

Gold continues its rally; my short-term target is $1,800. Hopefully, Gold should be trading firmly above $1,800 per ounce by mid-May. With Trillions of Dollars, Yen, Euro and Yuan being issues, and more on the way, it's clear Gold should reach $2,000 by year-end. At 11am PT today, Gold is trading at $1,745 per ounce, up $27 on good volume.

SILVER

Silver is following Gold higher, briefly reaching $16 per ounce before seeing some light profit taking. Physical and futures demand remains strong. At 11am PT today, Silver is up $0.40 per ounce, trading at $15.87 on good volume.