Trade War still dominating the markets
As the Trade War continues to dominate the news, the U.S. Dollar continues to make new highs, with the Index at a new 2 year high of 95.50. At the same time, the value of the Chinese Yuan, Russian Ruble and other world currencies are falling. Gold has been in a narrow trading range from $1,207 to $1,225 per ounce for the past three weeks. At 11am PDT today, Gold is up $1 per ounce, trading at $1,214 on normal volume.
I’m seeing fresh buying for popular Silver investment items in markets worldwide. With Silver under $15.50 per ounce, it isn’t surprising to have bargain buyers. At 11am PDT today, Silver is trading at $15.45 per ounce, up $0.05 on average volume.