Gold & Silver Consolidating At Attractive Levels

GOLD

The FOMC minutes were very bullish for Gold, and we saw a $10 rally late in the day. The minutes clearly stated the Federal Reserve was done with raising interest rates and are looking for slow economic growth to start lowering. If Gold doesn’t move back above $2,050 soon, it’s possible we will re-test the key $2,000 level before the end of the month.

At 11am PT today, Gold is trading at $2,064 per ounce, down $10 on light trading.

SILVER

Silver has been trading above and below the $23 per ounce level this morning. We are seeing increased demand for many of the popular Silver investment coins at these low premiums.

At 11am PT today, Silver is down $0.21 per ounce, trading at $23.84 on light volume.