Congress Talks Rescue Legislation

GOLD

In the face of an unbelievably strong U.S. Dollar (over 103), Gold is finding support around the $1,475 per ounce. Congress is talking about coronavirus rescue legislation that could equal two trillion Dollars in addition to the deficit of over one trillion. Think about the value of our currency versus Gold in the near future. At 11am PT Today, Gold is trading at $1,472 per ounce, down $17 on good volume.

SILVER

After reaching a low of $11.72, Silver found support in overnight trading above $12 per ounce. Demand and premium continue to grow for the very popular Silver investment items. At 11am PT today, Silver is up $0.23 per ounce, trading at $12.11 on excellent volume.