Gold Dec 31st

The last trading day for 2010 brought a $18 gain to the upside, what a way to close out the year.  You can see a similar pattern over the past 3 months where Gold has been in a trading range with peaks and valleys.  The peaks have been reaching new highs and we may see a new one if this rally should continue into the early 2011 year.

The MACD Histogram broke to the positive side and the momentum is heading higher. Gold may test the $1432 high during the last rally in early December.

Both Gold and Silver stocks are performing well and should continue with the rising prices.