Gold & Silver Are Building A Firm Base

GOLD

The world commodity markets have received and understood the importance, and major change, in our Federal Reserve’s policy change. Stopping the increases in Fed funds interest and starting to look at lowering them is bullish for precious metal prices. Gold quickly rallied and traded today between $2,017 and $2,045 and is firmly trading over the key $2,000 support level.

At 12 Noon PT today, Gold is trading at $2,019, down $12 on active volume.

SILVER

Silver has followed the Gold price higher, and now lower, but with much more volatility. Silver traded today above and below the $24 support/resistance level.

At 12 Noon PT today, Silver is down $0.20 per ounce, trading at $23.81 on good volume.