Watching Grass Grow is More Exciting than Gold Markets

GOLD

Watching grass grow is more exciting than Gold market trading. Gold is trading in a very narrow $6 high/low range on light volume, between $1,473 and $1,479 per ounce. Gold is waiting for some news event that will give it some direction. The price support is there with major Central Banks adding Gold at current attractive levels. At 11am PT today, Gold is trading at $1,476 per ounce, unchanged on light volume.

SILVER

Silver continues to trade above and below the key $17 per ounce resistance/support level. There is excellent demand for physical Silver investment product in Asia and the Middle East. At 11am PT today, Silver is down $0.06 per ounce, trading at $17.00 on light volume.