Gold Over $4,200 And Silver Over $53 Per Ounce

GOLD

The Bull/Bear Gold war is over, and the Bulls have won, taking Gold to a high today of $4,212 per ounce. Demand has definitely returned with healthy buying in Asia and London. With the CPI and PPI due out within the next two days, Gold could be heading higher.

At 11am PT today, Gold is trading at $4,205 per ounce, up $89 on excellent volume.

SILVER

Silver is today’s precious metal star, reaching $53.71 per ounce and showing extraordinary demand. Silver broke the $50 resistance level on Monday and is up $5 since last Friday.

At 11am PT today, Silver is trading at $53.60 per ounce, up $2.58 on excellent volume.