Gold Continues To Build Strong Base For An Extended Rally In May

GOLD

Gold tested support this morning at $1,976 on inflationary news. Increased inflation for the month of March brought food and energy up 0.03% after the announcement came roaring back up reaching a high of $1,992. Gold is building an expensive base for the next rally which could be sizeable. At 11am PT today, Gold is trading at $1,994 per ounce, up $4 on excellent volume.

SILVER

Silver reached a low of $24.71 on the inflation news. But then like Gold came roaring back with sizeable buying at $25.16. Increased premiums are very popular with Silver investment coins due to excellent demand. At 11am PT today, Silver is trading at $25.12 per ounce, up $0.22 on solid volume.