Gold Market Building A Base For The Next Move

GOLD

Gold continues to be stuck in the $1,770 to $1,790 per ounce trading range. There has not been significant movement in either interest rates or U.S. Dollar Index. So, the Gold market is just building a base for the next move. At 11am PT today, Gold is trading at $1,775 per ounce, down $9 on average volume.

SILVER

Silver has been showing more price support than Gold, and continues to trade above and below the key $26 level. We are seeing reports from various world mints of supply shortages in Silver and Gold, and postponements of minting many of the popular series of coinage. At 11am PT today, Silver is trading at $25.96 per ounce, down $0.10 on normal volume.