The Gold Rally Continues

GOLD

Gold continued to rally in Asia, the Middle East and Europe this morning, reaching a high of $1,344 per ounce before sellers decided to take short-term profits. Gold found support at $1,330 as trading volume picked up. At 11am PT today, Gold is trading at $1,330 per ounce, up $4 on excellent volume.

SILVER

Silver reached $15 earlier today and got beaten down by short-selling. If Gold stays strong it may take a few attempts for Silver to break above the key $15 per ounce resistance level. At 11am PT today, Silver is up $0.01 per ounce, trading at $14.80 on excellent volume.