Markets Remain Neutral

Markets Remain Neutral

GOLD

Other than a slight increase in the value of the U.S. Dollar the news and markets has been somewhat neutral. Gold continues to build the base for the next (and hopefully last) break above the key $1,800 resistance level. At 11am PT today, Gold is trading at $1,785 per ounce, up $7 on normal volume.

SILVER

Silver tested its support of the $26 support level this morning, briefly reaching a low of $26.06. Demand continues to be strong at that level and Silver rallied $0.40 immediately. At 11am PT today, Silver is up $0.10 per ounce, trading at $26.50 on average volume.

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