Gold And Silver Off And Running With A New Stimulus Law

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	A $2,200 Plus Gold Price This Time Next Year? Christmas Cheer For Gold And Silver
	We are cautiously optimistic on gold price growth as uncertainty over the virus and U.S. internal political differences of opinion continue to abound. . . .Lawrence Williams
	Silver May Take The Gold
	The precious metal will follow in gold's footsteps towards its own record high. . . .Anna Golubova
	Why Silver Prices Could Realize Huge Benefits From Surge In Solar Panels And 5G Demand
	Silvers value is expected to rise as demand for solar panels and 5G increases over the next decade. . . .PRNewswire
	US Money Supply Was Up 37 Percent In November
	In November, money supply growth rate was essentially unchanged from October and remains near September’s all-time high. . . . Ryan McMaken
	Why Does Gold Always Go Up In January?
	Every January since 2012 gold prices have ended the month higher than where they ended the old year. . . . Adrian Ash

Last week Gold traded between $1,865 and $1,885 per ounce on relatively low trading volume. The on-again, off-again information on any COVID-19 stimulus relief legislation affected the price of Gold and the value of the U.S. Dollar. Physical demand last week fell off, which is normal during the holiday season. Gold ended the week on Thursday, December 24 at $1,879.30, down $5 for the week. A key Gold value factor for the week was the U.S. Dollar Index which also traded in a narrow range, above and below the 90 level.

After a few days of waiting during the Christmas holiday weekend, the president finally decided Sunday night to sign the $908 billion COVID-19 stimulus relief legislation, so now it is law. President-elect Biden has already stated that this $908 billion aid package is only the start of much larger COVID aid legislation. This new law combined with what the Federal Reserve and many European and Asian central banks are doing to stimulate the world’s economies will be extraordinary. What do I mean by extraordinary? Hopefully, it will save the businesses that are on the verge of bankruptcy and help the people suffering around the world. But for sure it will devalue many of the world's leading currencies and drive the value of Gold much higher.

January has been a good month for the price of Gold for the past nine consecutive years (see article). I see no reason why that streak should not make it to ten.

Today: After Trump signed the $908 billion COVID-19 stimulus bill into law last night, the Silver and Gold price started moving higher. The Gold price reached a high of $1,897 before seeing short term profit taking, driving the price back to unchanged. This was Gold’s second attempt to break the $1,900 resistance level this month; it normally takes Gold three times to break an important resistance level.

Silver closed last Thursday (markets were closed Friday for Christmas) at $25.80 per ounce, down $0.15 for the week. Silver closed all four trading days last week between $25.80 and $26.30 per ounce on decent trading volume. Based on recent trading patterns, and the new stimulus law, I think Silver should end the year on a nice rally.

I believe we are seeing a massive amount of currencies being printed worldwide, which will push Silver and Gold prices much higher. Other bullish factors for the Silver price is the commitment to solar panels and 5G from the incoming administration (see article above). The Silver-to-Gold ratio increased over last week to 72.80-to-1.

Today: The signing of the $908 billion COVID-19 stimulus law, which is inflationary, helped Silver rally this morning. Silver reacted more positively than Gold with it rallying over $.80 per ounce before seeing some light selling.

As we approach year-end, I wanted to thank thousands of our past and new clients for their patronage during this trying year. From early March to date, our focus has been on two things. First, keeping our staff safe by applying strict COVID-19 protocols. Second, providing the best service, information, and prices to our clients whether they wanted to buy or sell rare coins or bullion items. As we roll into 2021, I believe this year, based on current events, will be highly profitable for our clients, but they must stay safe to enjoy the rewards.

Thank you Barry + David StupplerMintStateGold.com by Stuppler and Company[email protected] 1-888-454-0444
	Barry Stuppler Founder + President	David Stuppler Managing Director
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