A Great Opportunity To Add To Your Holdings

GOLD

To the surprise of many market analysts, the May unemployment rate dropped to 13.3%. This news caused the equity markets to rally and precious metals to drop quickly. I can understand the initial reaction, but it’s the long-term effects of a recovery with over $7 trillion dollars of stimulus from Congress and the Fed and another $10 trillion globally is what I focus on. I believe any quick economic recovery will just lead to global inflation faster then I original thought. This is a great opportunity to add to your Gold and Silver holdings. Gold reached a low of $1,670 per ounce before bargain buyers and short-covering appeared. At 11am PT today, Gold is trading at $1,682 per ounce, down $38 on heavy volume.

SILVER

Silver reached a low of $17.18 per ounce on the unemployment news and quickly rallied with Gold. Silver showed excellent fresh demand as it rallied back off the today’s lows. At 11am PT today, Silver is down $0.45 per ounce, trading at $17.40 on heavy volume.