Gold Showing Excellent Support At $1,800

GOLD

I liked what I saw in regard to overnight Gold trading. Gold showed excellent support at the $1,800 level, reaching a low of $1,800.50 with excellent demand, before hitting a high of $1,810. Staying above $1,800 is very important to this current rally. Goldman Sachs came out with a report this morning saying Gold could reach $2,000 before year-end. It is nice to know I’m not alone. At 11am PT today, Gold is trading at $1,809 per ounce, up $1 on excellent volume.

SILVER

Silver came alive this morning, reaching above $24 for seeing short-term profit taking. I’m continuing to see good demand for silver futures and physical investment product. At 11am PT today, Silver is up $0.29 per ounce, trading at $24.01 on strong volume.