GOLD & SILVER SET NEW ALL-TIME RECORD HIGHS AGAIN

GOLD

First it was Venezuela, then Columbia and Ukraine, now it's NATO and Iran. As President Trump continues his attacks, the price of Gold and Silver moves higher. The U.S. Dollar is no longer the desired world trading currency, and the recent extraordinary demand for precious metals is showing it. I look for a 2-3% drop in the U.S. Dollar’s value, and Gold will benefit from that. Gold reached a high of $4,989 today in China and sold off $50 in London, but rallied back in the U.S.

At 11am PT today, Gold is trading at $4,974.63.

SILVER

The big question from precious metal traders recently was.. “Will Gold reach $5,000 before Silver reaches $100?” Well, the question was answered this morning during U.S. trading when Silver reached $101 per ounce. I have a hard time wrapping my head around $100 Silver, and I’m overly concerned about a substantial correction. Silver has a history of sizeable rallies followed by dramatic corrections. I’m carefully watching to see the trading volume with Silver over $100 per ounce.

At 11am PT today, Silver is trading at $101.24.