Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Gold And Silver Shine Early

|Includes: SPDR Gold Trust ETF (GLD), SLV

 The SPDR Gold Shares(NYSE:GLD) and the iShares Silver Trust(NYSE:SLV) are both moving sharply higher this morning. Generally, after a China increase in interest rates gold and silver have come under declines or come under pressure, however, that is not the case today. This is telling us that something else is being interpreted by the market when it comes to gold and silver. Short term traders can watch the GLD to have some short term intra-day resistance around the $133.50 and $134.00 levels.

Nicholas Santiago