GOLD

The question of the day is, would a trade war based on protectionism be bullish for Gold? Based on today’s $16 per ounce rally in Gold, I believe the answer is yes. The president tweeted this morning “Trade Wars are good, and easy to win”. He should have added, "if you own Gold." Why? Because it would speed up consumer price inflation. At 11am PST today, Gold is trading at $1,322 per ounce, up $16 per ounce on excellent volume.

SILVER

Silver followed Gold higher, reaching a high of $16.62 before seeing day-traders take small term profits. A combination of the strength in today’s Gold price and increasing physical demand in Asian markets is helping the Silver price. At 11am PST today, Silver is up $0.20 per ounce, trading at $16.50 on good volume.