Gold Tested The Key $3,300 Level And Held Firm

GOLD

Gold showed excellent price support above the $3,300 level yesterday, and today it's showing fresh demand. Gold has traded today in a narrow $25 high/low price range, from $3,310 and $3,335 per ounce. A 14% drop in May new home sales didn’t provide any support for investing in Gold, but pending legislation in Congress could dramatically affect our debt.

At 11 am PT today, Gold is trading at $3,326 per ounce, up $6 on average volume.

SILVER

Silver reached a low of $35.60 per ounce this morning and then found fresh demand and moved back above the key $36 level. Silver continues to test the key $36 per ounce support level and its showing excellent demand.

At 11 am PT today, silver is up $0.33 per ounce, trading at $36.15 per ounce on excellent volume.