Interest Rates Dropping Around The World

GOLD

Interest rates are dropping around the world. In Germany, they just sold treasury notes with a negative interest rate while the U.S. 10-Year treasuries are now down to 2.37%, a new low for 2019. Lower interest rates combined with government stimulus programs is a formula for future inflation and higher Gold and Silver prices. At 11am PT today, Gold is trading at $1,311 per ounce, down $4 on normal volume.

SILVER

Silver continue to trade below the $15.50 resistance/support level. Silver actually hit a low of $15.23 before seeing buyers. At 11am PT today, Silver is down $0.16 per ounce, trading at $15.28 on good volume.