Gold & Silver Continue To Rally Without Pause

GOLD

Most traders are looking for a correction in the Gold price down to $1,520, or possibly a test of the $1,500 level. This would be healthy for the long-term support of the current rally, but Gold isn’t cooperating. Gold continues to find substantial safe haven buying every time it nears $1,524. At 11am PT today, Gold is trading at $1,528 per ounce, down $14 on good volume.

SILVER

Silver appears to be on a track to $20 per ounce, as it refuses to support any price corrections. Silver hit a new two year high this morning of $18.61 before seeing some light profit taking. At 11am PT today, Silver is down $0.18 per ounce, trading at $18.20 on average volume.