Gold Rallies After Substantial Fall

GOLD

I really like the way Gold has been trading this week, building an extraordinary base on the $2,000 price level. Over the past 10 trading days Gold has moved below $2,000 and then rallied back within days. A lot of volatility is being caused by the value of the U.S. Dollar and concerns about what the Fed will be doing later this week. At 11am PT today, Gold is trading at $2.006 per ounce, up $11 on strong volume.

SILVER

Silver continue to be bullish as it trades over the key $25 per ounce support level. Premiums on many of the popular Silver investment coins has been moving higher over the past week. At 11am PT Today, Silver is up $0.15 per ounce, trading at $25.18 on excellent volume.