GOLD

Supported by heavy Chinese bargain buying, the Gold rally continued today. Gold reached a high of $1,294 before seeing some light short-term profit taking. At 11am PDT today, Gold is trading at $1,289, up $7 per ounce on good volume.

SILVER

Silver firmly moved above the key $17 per ounce resistance level this morning. Silver hit a high of $17.28 on excellent volume in early morning trading. At 11am PDT today, Silver is up $0.19 per ounce, trading at $17.11 on nice volume.