Metals extended their recent gains overnight primarily on the back of the release of minutes from the last FOMC meeting which expressed an easing bias on the back of recent soft economic data. It is however worth pointing out that data following the meeting, especially retail sales and employment has improved and with FOMC members clearly on data watch such an improvement may have reduced the incentive to act. Gold and silver is currently being carried by momentum and expectations about additional stimulus. Resistance on gold is lurking between 1675 and 1680 and could potentially be the area that halts any further progress for now. Silver is currently overbought (not that it is hindering this high beta commodity) and has found some trendline resistance at 30.49