Weakness In The U.S. Dollar and Interest Rates Have Driven Gold Higher

GOLD

Weakness in the U.S. Dollar and interest rates have driven Gold higher, moving above $1,800 for the third time this week. Gold reached a high of $1,803 before see some light weekend selling. Next week could be an exciting week for Gold/Silver owners. At 11am PT today, Gold is trading at $1,798 per ounce, up $8 on average volume

SILVER

After reaching a low of $20.36 per ounce in early morning trading, Silver moved higher, led by the strength in Gold. Silver reached a high of $20.92 before seeing light weekend selling. I believe we will see a $21 break next week if the Gold price stays strong. At 11am PT today, Silver is up $0.30 per ounce, trading at $20.70 on normal volume.