Gold On A Bullish Track Moving Over $2,700

GOLD

The U.S. Consumer Price Index (CPI) reported that core CPI rose 0.3% on a month-on-month basis which is 3.3% annually. Gold reacted positively to that news and moved above $2,700 per ounce.
At 11am PT today, Gold is trading at $2,714 per ounce, up $22 for the day and $78 for the week.

SILVER

Silver hasn’t followed Gold higher in the past three trading sessions. If Gold holds above $2,700 per ounce tomorrow and Friday, I would expect to see a sizeable move in the Silver price.
At 11am PT today, Silver is down $0.25 per ounce, trading at $31.80 on normal volume.