Jan 13th Gold

Still in a trading range and below the short term moving average. Not too much happening, but I expect a run to the upside by spring followed by the typical summer pullback and trading range.  Nothing to do if your long physical, just sit back and accumulate on the pullbacks. 

Swing traders can definitely see a pattern here with a triple top and potentially a 4th coming up soon.

Silver has had a ceiling at the $30 level which should be support by spring and possibly a base for the summer.  I just purchased more Silver Eagle coins tonight from Bullion Direct at $31.  Not a bad price as other sites were selling them for $33+.  Accumulate while you can at these prices as next year you may look back and ask yourself why you did not buy...