Gold Is Building A Firm Base Before Reaching $2,400

GOLD

Gold has traded today in a narrow $25 high/low range today, between $2,362 and $2,387 per ounce. It is very healthy for Gold to build a solid support base above the $2,350 level for a small time, then break above the $2,400 later this month.

At 11am PT today, Gold is trading at $2,372 per ounce, up $11 on average volume.

SILVER

Silver traded in a wider range today between $30.60 and $31.30 per ounce. It would be very bullish to see Silver move back above the $31 support/resistance level and stay there for at least 3 trading sessions.

At 11am PT today, Silver is unchanged at $30.80 on normal volume.