Silver Building Strong Base Between $15-$15.50

GOLD

Gold reached a high of $1,427 per ounce last night before seeing short-term profit taking. Gold could test the $1,400 support level one more time, but I would be surprised to see Gold move below the important $1,400 level for more than a day. Poland is now the fourteen central bank trading over-valued U.S. Dollars for physical Gold. At 11am PT today, Gold is trading at $1,406 per ounce, down $7 on excellent volume.

SILVER

Silver continued to be building a base between $15 and $15.50 per ounce. I have seen excellent accumulation of physical Silver investment products during this base building. At 11am PT today, Silver is down $0.11 per ounce, trading at $15.12 on good volume.