Gold & Silver Down On Strong U.S. Dollar

GOLD

Today, a short-term strength in the U.S. Dollar has taken some of the luster from the recent Gold rally.
The thinking behind this Dollar rally is: The Iran war will drive up prices, especially on oil, and we will have inflation, which will keep interest rates high.

Gold reached a high of $5,380 per ounce last night in India, then during U.S. trading hit a low of $4,997 before seeing bargain and trade buying.
I believe this will finally be the last test of the important $5,000 support level. Right now, I strongly recommend adding to your Gold holdings.

At 11 am PT today, Gold is trading at $5,135 per ounce, down $191 per ounce on heavy volume.

SILVER

Today, the Silver price dropped with Gold, reaching a low of $77.90 before seeing professional traders jump in during U.S. trading.
I believe this is an overreaction to the situation in Iran.

At 11 am PT today, Silver is down $5.35 per ounce, trading at $83.75 on heavy volume.