Gold, Silver Looking To Break Out

The metals continue to hold theirground at higher levels; gold managed to hold $1,230 and silver $14.65. Allsigns point to higher prices, with both metals approaching key decision pointsonce again.

The numbers to watch are $1,240 forgold and $14.80 for silver. A break above will be considered another breakoutand more than likely lead to a continuation of this rally while buildingstrength underneath the market.

Notice the subtle switch from theaggressive sellers that could not take out the $1,180 support level to buyerswho have taken out $1,220 and are now working on $1,240. Although there couldbe a pause at the $1,240 level, the higher low of $1,220 should hold and higherprices are coming.

By Todd 'Bubba' Horwitz

Contributing tokitco.com

Follow @Bubba_TradingBubba@bubbatrading.com www.bubbatrading.com/ Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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