Next Leg Higher For Gold Should Be Quick

GOLD

The road to $1,800 continues for Gold, up another $13 today on solid demand. I really feel that watching Gold trade after it broke the $1,700 level on April 9th is very healthy for the long term direction of Gold. Taking three months to build a solid base between $1,700 and $1,800 an ounce is great. The next leg to $2,000 should be quicker. At 11am PT today, Gold is trading at $1,797 per ounce, up $13 on excellent volume.

SILVER

Silver jumped with Gold, reaching a high of $18.50 before seeing some light profit taking. At 11am PT today, Silver is up $0.06 per ounce, trading at $18.34 on excellent volume.