Gold & Silver
Excellent start to early trading. Unlike the last few weeks you saw higher prices between midnite(EST) and 4AM. Lately that has been a period when prices were driven down to allow eastern buyers to get rock bottom deals. Not so this morning. I wasn’t surprised based on yesterday’s trading during COMEX because even though prices were still being restrained from rising aggressively most of the gold & silver miners were showing positive relative strength on the day. Today has economic releases at 8:30, 9:15 & 10:00. The actual numbers don’t matter, it is how the prices react afterwards. If none of those numbers stop the upside move(I don’t believe they will) then both gold and silver can trade up enough today to be in the green for the week. That would be the first really positive in a while for the beleaguered metals.