Stimulus Package Should Give Gold The Incentive Needed To Reach The $1,850 Level

GOLD

Gold has been trading in the $1,810 to $1,821 range all day. A break above $1,830 should cause an immediate run to $1,850 quickly. Passage of the next COVID-19 stimulus package should give Gold the incentive needed to reach the $1,850 level. At 11am PT today, Gold is trading at $1,815 per ounce, up $6 on good volume.

SILVER

Silver reached a high of $19.93 in early Asian and European morning trading. After a short period of catching up with orders, the world mints are reporting increasing demand for popular Silver investment items. Many mints are saying that they are working 24/7 but their backlogs are growing on many Gold/Silver bullion items. At 11am PT today, Silver is up $0.40 per ounce, trading at $19.78 on excellent volume.