What Goes Down, Must Come Up

GOLD

You have heard the adage “what goes up, must come down”? Well, what about “what goes down, must come up”? After Wednesday morning’s bloodbath (inter-day reversal), Gold has continued to rally on excellent fresh buying volume. The Gold price has increased over $85 per ounce after reaching the $1,875 sell-off lows of Wednesday morning. At 11am PT today, Gold is up $20 per ounce, trading at $1,960 on excellent volume.

SILVER

Silver followed Gold higher at an accelerated pace, reaching a high of $27.89 per ounce before seeing some light short-term profit taking. Demand for popular Silver investment products remains high along with the premiums. At 11am PT today, Silver is trading at $27.40 per ounce, up $1.55 on excellent volume.