Gold & Silver Continue To Test Resistance Levels

GOLD

The following is a link to an interesting article explaining what caused the $27 drop in the Gold price last Thursday.

	Getting Out of Gold, JPMorgan and Citigroup Tilt Toward Risk
	Strategists at two giant Wall Street banks closed out their bets on gold as the traditional haven gets a . . . . Joanna Ossinger (Read More)

Today, Gold tested the $1,450 support level again, reaching a low of $1,445 per ounce before rallying back above the $1,450 level. At 11am PT today, Gold is trading at $1,454 per ounce, down $4 on average volume.

SILVER

Silver also hit a recent low of $16.58 in early Asian trading this morning before rallying back above the $16.70 per ounce level. $16.50 is a key support level right now. At 11am PT today, Silver is down $0.14 per ounce, trading at $16.72 on normal volume.