Gold On The Road To $3,800, Silver Over $46

GOLD

Wow, as Gold trading moved from China to India to London and the U.S., it just kept moving higher. Gold reached a high of $3,785 before seeing light profit-taking as we moved into the weekend.

At 11am PT today, Gold is up $41 per ounce, trading at $3,781 on excellent demand.

SILVER

Silver is definitely on the road to $50 per ounce, I just hoped it would do slower with more consolidation between $44 and $47 per ounce. Investment demand, especially from China and India, is very strong, and trading is very active. Silver reached a high of $46.60 in U.S. trading.

At 11am PT today, Silver is up $1.78 per ounce, at $46.58 on very strong volume.