Great Opportunity To Purchase Gold And Silver At A Great Price
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Gold
Silver
Recommended Investment Commitment And Diversification
Gold closed last Friday at $1,293 per ounce, down $19 per ounce for the week. What happened that would cause Gold to break down below the key $1,300 per ounce support level? A report of substantial drops in Chinese Gold imports during February due to the trade war drove the U.S. Dollar higher. That news caused the Gold price to drop below the important $1,300 support level. Stop loss selling took the Gold price down to $1,288 before serious buying jumped in.
The Federal Reserve’s recent statement about not raising interest this year caused interest rates to drop around the world. In Germany, they just sold treasury notes with a negative yield. The U.S. 10-Year treasuries are now down to 2.37% a new 2019 low. Lower interest rates combined with government stimulus programs is a formula for future inflation and higher Gold and Silver prices.
Last Friday, Silver closed at $15.06, down $0.28 per ounce on excellent volume. When Gold broke down below the key $1,300 on Thursday, Silver reached a low of $14.88 per ounce. Last Thursday and Friday, Silver traded above and below the important $15 per ounce support/resistance level. The current Silver to Gold ratio is 85.94-to-1.
Today: Silver tested its important $15 per ounce support level this morning, hitting a low of $15.01 on early trading. At that price Silver found buyers and the price quickly move to $15.12 per ounce.
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All statements, opinions, pricing, and ideas herein are believed to be reliable, truthful and accurate to the best of the Stuppler & Company’s knowledge at this time. Stuppler & Company disclaims and is not liable for any claims or losses which may be incurred by third parties while relying on information published herein. Individuals should not look at this publication as giving finance or investment advice or information for their individual suitability. All readers are advised to independently verify all representations made herein or by its representatives for your individual suitability before making your investment or collecting decisions.