A Central Bank Possibly Short-Selling U.S. Dollar

GOLD

Someone is selling or short-selling the U.S. Dollar (central bank?) as it drops below 103. Interest rates are also moving lower, while precious metals show price support. Gold tested the key $1,850 resistance level this morning and quickly backed off as the equity markets got it. Gold is definitely showing that it is the ultimate safe haven investment, and I’m seeing money rolling in. I’ll be gone for the next three weeks on vacation and David will be updating the blog. At 11am PT today, Gold is trading at $1,843, up $2 on average volume.

SILVER

Silver briefly broke above $22 this morning, and a combination of short-term profit taking and weekend selling took silver back to the $21.75 level. Demand remains strong and premium hasn’t fallen on any of the popular Silver investment coins and bars. At 11am PT today, Silver is down $0.10 per ounce, trading at $21.82 on normal volume