Gold Takes Off

GOLD

The U.S. Dollar Index fell below 93 this morning (currently 92.58) and the Gold price took off, reaching a high of $1,933 before seeing some light selling. Stimulus talks continue and hopefully, there will be something by today’s end. At 11 am PT today, Gold is up $12 per ounce, trading at $1,924 on excellent volume.

SILVER

Silver rallied sharply when the Gold price moved higher, reaching a high of $25.38 before finding sellers. The $25 support level is very important to the short-term direction of the Silver price. At 11 am PT today, Silver is trading at $25.08 per ounce, up $0.19 on good volume.