Precious Metals Shock the World: Gold Soars, Silver Stuns

GOLD

The Gold price soared in overseas trading last night, reaching $5,111 per ounce during Indian trading. Demand for physical and futures Gold contracts was very strong in China, India, and England as the U.S. Dollar dropped below 97.
A number of nations are selling U.S. Treasury Bills, causing the value of the U.S. currency to fall. It’s becoming clear that we are seeing the start of a global de-dollarization in international trading and central bank holdings.

At 11 am PT today, Gold is trading at $5045, up by $71 over last week.

SILVER

Silver led Gold higher in overseas trading last night, reaching a high of $115.71 per ounce during U.S. trading. Watching the high volume and continued demand with Silver over $100 per ounce is truly amazing and makes me ask, WHAT IS HAPPENING?

At 11 am PT today, Silver is trading at $109.17, up by $7.93 over last week.