Gold Rallies While It Can Before Unemployment Numbers Are Revealed

GOLD

Gold rallied today on heavy buying (possibly Central Bank), reaching a high of $1,836 before seeing some light selling. Hopefully, this rally will hold up after tomorrow’s U.S. unemployment numbers are reported. At 11am PT today, Gold is trading at $1,834 per ounce, up $19 on excellent volume.

SILVER

Silver tested the key $20 long-term support level last night, reaching a low of $19.95 before rallying. In later trading Silver moved higher with Gold, reaching a high of $20.39 per ounce. At 11am PT today, Silver is up $0.04 per ounce, tat $20.14 on good volume.