Tensions Rise Between U.S. And China Over Blame For Worsening Global Pandemic

GOLD

Gold is up $7 this morning on fresh buying caused by the economic uncertainty stemming from rising tensions between the U.S. and China over who is to blame for the worsening global coronavirus pandemic. At 11am PT today, Gold is trading at $1,715 per ounce, up $10 on good volume.

SILVER

As Gold moved higher, Silver saw heavy selling and shorting as it approached the key $15 per ounce level. The Silver/Gold ratio has moved to 115-to-1 today, as Silver becomes an extraordinary value. At 11am PT today, Silver is trading at $14.91 per ounce, down $0.14 on normal volume.