GOLD

Gold continues its price consolidation while building a nice base today between $1,322 and $1,329 per ounce. It appears the major support level for Gold is right above the $1,320 level. Barring any negative news, I look for Gold/Silver to start moving higher by tomorrow. Gold is trading at $1,329 per ounce, down $3 on excellent volume.

SILVER

Silver has traded in a narrow $0.20 high/low range today from $17.90 to $17.70 per ounce. At 11am PDT today, Silver is up $0.01 per ounce, trading at $17.85 on good volume.