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Gold & Silver Update

Gold climbed -4.50 to 1070.40 on moderately heavy volume, while silver rose +0.01 to 14.15 on moderately heavy volume also.  Gold rallied, then sold off, while silver more or less traded sideways.

While gold staged a modest failed rally today, the larger picture appears to be setting up for a rebound.  The MACD momentum indicator is...

Today's Market

H 1,074.78
L 1,070.16
H 14.38
L 14.14
Crude Oil (Brent)
H 44.84
L 43.60
S&P 500
H 2,093.00
L 2,086.30

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