Dow Jones Average Helps Build A Base

GOLD

In overnight Asian and European trading, the Gold price ranged from $1,630 to $1,652 per ounce. The U.S. stock market Dow Jones average got a Biden bump this morning of over 700 points, which helped Gold/Silver build a base. After the recent volatility Gold appears to be building a base above $1,630 per ounce. At 11am PT today, Gold is trading at $1,636 per ounce, down $10 on good volume.

SILVER

Silver tested its $17 per ounce support level this morning and held. The Silver Institute just release their projections for 2020, available on our website, (see Silver News From The Silver Institute). At 11am PT today, Silver is down $0.06 per ounce, trading at $17.22 on normal volume.