A Real Opportunity To Add Precious Metals At A Great Price

GOLD

After breaking below the key $1,900 support level yesterday, and a continued strong U.S. dollar (above 94), Gold is on the defensive. Gold reached a low in European trading this morning of $1,859, before finding bargain buying. With the election and a stimulus bill around the corner, I think this selloff is finally clean out before the year-end rally. A real opportunity to add precious metals at a great price. At 11 am PT today, Gold is trading at $1,868 per ounce, down $14 on good volume.

SILVER

Silver tested the $23 support level this morning, and saw a low of $22.56 and came back strong. At today’s bargain price, the demand for Silver investment products has increased dramatically. I believe we will see a premium increase as European Mints are going on lockdown or part-time. At 11 am PT today, silver is down $0.10 per ounce, trading at $23.33 on excellent volume.