Gold Makes A New 9-Year High

GOLD

Gold made a new 9-year high this morning of $1,898 per ounce in early European trading. A weaker U.S. dollar combined with hopes for a multi-trillion dollar stimulus is driving the Gold price higher. At 11am PT today, Gold is up $23 per ounce, trading at $1,886 on excellent volume.

SILVER

Silver hit a high of $23.19 in overnight trading, before seeing serious selling. That selling drove the price down to $22.33 before slowing down. I would like to see Silver stay between $22 and $23 per ounce, so it can consolidate recent gains and allow investors to adjust to the new price level. At 11am PT today, Silver is trading at $22.50 per ounce, down $0.18 on excellent volume.