Gold Continues The Rally

GOLD

Wow, what a great day for precious metal investors. Both the U.S. Dollar Index and the 10-Year Treasury bills sold off, plus U.S. factory data is showing strong strength. Gold continues yesterday’s rally, reaching a high of $1,731 before seeing light short-term profit taking. After reaching a low earlier this week of $1,678, Gold is up $50 in just two days, next level $1,750 per ounce. At 11am PT today, Gold is trading at $1,727 per ounce, up $11 on active trading.

SILVER

Silver is rallying with Gold, reaching a high of $24.92 in early trading today. Demand continues to be strong for many popular physical products and premiums remain strong. At 11am PT today, Silver is up $0.30 per ounce, trading at $24.83 on excellent volume.