Both Gold & Silver are testing support levels

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	Gold Is The Winner Of The U.S. Presidential Election
	Frank Holmes of U.S. Global Investors says it doesn't matter if the U.S. sees a Red victory or a Blue victory in the presidential election; gold will be the real winner. . . . Streetwise Reports
	Silver Still Moves In Tandem With The Dollar
	As of this writing (6:15am) December Bonds are 1 lower at 174'10 up3 points for the week. . . .Marc Nemenoff
	Gold Bounces On Dollar Retreat As Biden Moves Closer To Election Win
	Gold jumped to a two-week high on Thursday as the dollar slipped, with investors betting on the likelihood. . . . Asha Sistla - Reuters
	Gold Will Resume Its 2020 Rally Once US Election Noise Dies Down
	The ultimate safe haven, gold, will resume this year’s upward trajectory after the US elections. . . . Royal Bank of Canada
	Global Mint Sales Say Gold Prices Could Go a Lot Higher
	You will not hear about this in the mainstream financial press: there’s a gold rush happening at the moment. . . .Moe Zulfiqar
	Will A Solar-Led Renewable Energy Surge Be The Pandemic's Silver Lining?
	Silver stands to benefit from the global renewable energy drive in the wake of Covid-19. . . . Heraeus Precious Appraisal
	World Gold Council: Gold Bar And Coin Demand Up Almost 50%
	The latest quarterly report from the World Gold Council reports that demand for gold bullion bars and coins is up 49% for Q3. . . .Liam Sheasby

Last week, Gold rallied a whopping $72 per ounce, closing the week at $1,951 on excellent trading volume. This is the highest price for Gold since Sept. 18th. Most of the Gold rally occurred last Thursday, on indications that Joe Biden could become the next President of the United States. On Thursday, New York COMEX trading for the popular December 100-oz Gold contract reached $1,946 per ounce, the highest volume it’s seen in the past six weeks.

Last week was an exciting week for the Presidential Election and for precious metal prices.
Let me recap:

On Monday, Gold was up $12 on a strong feeling that the 2020 election could be a Democratic blue wave.

On Tuesday, as it was made clear that the 2020 election would have a record voter turnout and mail-in ballots, Gold continued higher, up another $18, over the key $1,900 resistance level.

On Wednesday, as it was reported that an extraordinary amount of Trump voters had gone to the polls and President Trump was ahead in the voting, Gold dropped $14.

On Thursday, the media was reporting that Biden was in the lead, based on an estimate of a sizeable number of mail-in ballots, in mostly Democratic cities. Also, that was the day COVID-19 cases jumped over 120,000 and the U.S. Dollar Index dropped below 93. Gold increased over $50 per ounce on heavy volume.

Friday, more and more ballots were counted by a number of key states, and Biden was building a lead. The U.S. Dollar continued to drop. Gold rallied up $5, over the key $1,950 per ounce level. Biden’s commitment to massive stimulus programs with the recent drop in the US. Dollar Index helped Gold move higher.

Today: Today's news that Pfizer has a COVID-19 vaccine that is 90% effective has caused a major change in today’s market. Gold, the most popular safe haven investment is being sold today, and the equity markets are surging. The thought of a recovery from the current pandemic has encouraged investors to change their strategy today, to stocks that will rally when the recovery starts. Gold reached a high of $1,965 in early Asian trading this morning, then came the drop of over $90 per ounce.

Last week, the Silver price followed Gold higher, closing Friday at $25.64, up an amazing $2.13 per ounce. Silver moved above the key $24 level on Tuesday, then above the $25 resistance level on Thursday as Presidential election news was updated.
The Silver-to-Gold ratio dropped last week to 76.05-to-1

Today: Silver briefly traded above the $26 resistance level in Asian trading, then came the Pfizer news. Silver is currently trading below the $24 level.