Gold & Silver Set To Soar With Debt Ceiling Abolished

GOLD

Yesterday President Trump and Congress reached an agreement to abolish the debt ceiling for two years. This will lead to run-away spending, higher inflation and an explosion in precious metal and rare coin prices. I’m now raising my 2019 year-end Gold prediction to $1,600 per ounce, and looking for a substantial increase in investment quality rare coins. Today, Gold continues to build an excellent base between $1,415 and $1,450 per ounce, looking to breakout shortly. At 11am PT today, Gold is trading at $1,424 per ounce, up $4 on average volume.

SILVER

Today, Silver reached a high of $16.63 per ounce before seeing some light profit taking. Silver’s physical and futures demand continues to grow worldwide, as the price firms up over $16 per ounce. At 11am PT today, Silver is up $0.18 per ounce, trading at $16.61 on excellent volume.