GOLD & SILVER SELLS-OFF AND QUICKLY RALLY BACK

GOLD

After Trump stated that he would not use force to take Greenland, the Gold market dropped $80, reaching a low of $4,772 per ounce. That statement made it clear that there would be no war between the U.S. and Denmark, but concerns that there still could be a trade war between the U.S. and Europe or NATO breaking up has caused Gold to bounce back.

Gold is definitely on an extraordinary bullish run, one new high after another. The only question I have is “Will Gold reach $5,000 per ounce by the end of January”. What’s unbelievable is that the U.S. Dollar hasn’t collapsed.

At 11am PT today, Gold is trading at $4919, up by $67

SILVER

The Silver price dropped down to $90.77 on the initial Trump statement on heavy liquidation. Silver rallied $3 per ounce in overseas trading last night in India on tariff concerns and kept on moving higher with Gold during early U.S. trading.

At 11am Pt today, Silver is trading at $96.58, up by $2.62