Gold Back On Its Bullish Track

GOLD

Congressional leadership talking about having a COVID-19 stimulus aid legislation by Christmas, combined with a weaker U.S. dollar (91.13), continues to support the Gold/Silver price. Gold is back on its bullish track, moving above $1,800 yesterday, and now approaching $1,830 per ounce. At 11 am PT today, Gold is up $13 per ounce, trading at $1,829 on good volume.

SILVER

After yesterday’s $1.40 increase in the Silver price, we saw lots of profit taking in overnight trading in Asia and Europe. Silver has been trading above and below the $24 level most of the day. At 11 am PT today, Silver is trading at $24.02, up $0.02 per ounce on normal volume.