GOLD

I really think that today's Gold trading activity was very bullish. Gold hit a low of $1,260 per ounce this morning on light volume. Then the volume and price picked up dramatically as Gold quickly rallied, reaching a high of $1,275 on the highest trading volume of the week. I have been waiting for a direction turn on high volume all week, and I got it on Friday. I look for Gold to continue moving higher next week. At 11am PDT today, Gold is trading at $1,274 per ounce, up $3 on high volume.

SILVER

Today Silver reached a low of $16.30 per ounce at the same time that Gold reached its $1,260 low. Both Gold/Silver turned higher at the same time. At 11am PDT today, Silver is up $0.10 per ounce, trading at $16.75 on excellent volume.