Rally Sparked By Federal Reserve Actions

Rally Sparked By Federal Reserve Actions

GOLD

The unbelievable actions taken by the Federal Reserve today initially caused the stock market to rally (I’ll provide details in next weeks “Weekly Market Report”). Gold reached a high of $1,520 before selling off and closing lower. At 11am PT today, Gold is trading at $1,485, up $13 for the day on average volume.

SILVER

Silver followed Gold higher this morning, reaching a high of $13 per ounce before seeing sellers as Gold dropped. Demand for the popular U.S. Silver Eagles and Canadian Silver Maple Leafs remains strong, but we are still able to fill orders. At 11am PT today, Silver is up $0.34 per ounce, trading at $12.45 on excellent volume.

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