Strong Base Building In Both Gold & Silver

GOLD

Gold is seeing some light profit taking and continuing to build a firm base today. Gold has been trading in the $1,412 to $1,450 range for the past two weeks. The next move will be to break above the key $1,450 resistance level. At 11am PT Today, Gold is trading at $1,415 per ounce, down $9 on normal volume

SILVER

Today, Silver had some light profit taking, dropping to a low of $16.30 before finding fresh buying. As long as Silver stays above $16 per ounce the professional traders will be neutral to bullish. At 11am PT today, Silver is down $0.17 per ounce, trading at $16.44 on average volume.