| Metals | Date | Time (EST) | Bid | Ask | Change | Low | High | |
| GOLD | 04/29/2011 | 13:33 | 1557.30 | 1558.30 | +21.50 | +1.40% | 1535.30 | 1558.80 |
We had expected gold to correct ~$25 back to $1535 once it reached $1560, but today's price action in gold has us rethinking this.
Gold looks like it may want to over-extend its run towards $1575-$1580 before consolidating for its assault on $1600.
Look for gold strength next week to pull silver up to and through $50 like a magnet. Once silver clears $50.35 and sustains the move through two consecutive closes, we look for silver to shoot towards $60.
That blasted Citibank 21 months 0% APR card better arrive soon.
UPDATE* Gold's melt-up continues in after-hours Globex trading, last touching $1563.70
UPDATE 2* And $1570.60, before closing access market trading at $1566.70.
