Gold And Dow Jones Drop

GOLD

And I thought the volatility couldn’t get worse. This morning was the crazies I’ve seen since 2011. Gold sold off this morning on worsening coronavirus news, dropping to an unbelievable low of $1,560 per ounce, while the Dow Jones was down over 2,100 points. At that time the Federal Reserve took needed action, putting ½ trillion into the markets and committing another trillion. At 11am PT Today, Gold is trading at $1,594, down $53 per ounce on high volume.

SILVER

Silver followed Gold lower, reaching $15.50 per ounce before seeing the rally. At 11am PT today, Silver is down $0.78 per ounce, trading at $16.06 on high volume.