The Gold And Silver Price Is Waiting For A Stimulus Package

CLICK HERE FOR NEW Morgan Silver Dollars

CLICK HERE FOR NEW Peace Silver Dollars

CLICK HERE FOR NEW $20 Gold Saint Gaudens

	Debt-To-GDP Continues To Rise Around The World
	Falling revenues combined pandemic relief measures have increased global debt by $20 trillion since the third quarter of 2019. . . . Marcus Lu
	Silver Is Back!
	Peter Krauth explains why he believes silver is heading into a massive bull market. . . . Peter Krauth
	Chinese Consumers Choose It Platinum Over Expensive Gold Jewelry
	The surge in the price of platinum – which posted its biggest monthly gain in November since 2008 – has been put down to renewed appetite among consumers. . . . Miningmx
	Gold To $2,500: Citi’s Bullish Call For 2021
	Citigroup in recent weeks came out with a $2,500 price target on the yellow metal for 2021, comparing its mosaic . . . .Lizzy Gurdus
	Good News for The Price of Gold with Janet Yellen
	It was announced yesterday, November 24th, 2020, that Biden would be appointing Janet Yellen, who was a former Chair. . . .

Last week Gold traded between $1,822 and $1,875 per ounce, closing at $1,836 per ounce, basically unchanged for the week. With no stimulus news from Congress and the U.S. dollar trading in a narrow range, between 90 and 91, the Gold price is in a holding pattern.

Last Friday, the Producer Price Index (PPI) numbers for November were released. The PPI edged up 0.1%, much smaller than expected. This news shows inflation is not a concern and combined with a weak U.S. jobs report and the coronavirus surge, it says our economy is not going to recover anytime soon.

I continue to believe, if Congress can get their act together and pass a multi-billion dollar COVID-19 stimulus aid package before their holiday break, it will be very bullish for Gold/Silver prices.

Why is Gold heading much higher? President-elect Biden has already stated that this $908 billion aid package is only the start of much larger COVID aid legislation. With other European and Asian governments printing massive amounts of euro, yen, and yuan for COVID aid funding, the Gold price is heading to record all-time highs by early 2021.

Today: Gold found support this morning in the $1,820 per ounce level, as we await any news from Congress about a stimulus bill. Fresh buyers came into the market at the lows, rallying the U.S. market by $10 per ounce.

Silver closed last week at $24.04 per ounce, down $0.20 on average trading volume. Silver tested the important $24 support level four out of the five trading days last week and held.
Silver reached a high of $24.96 last Tuesday, but traders short-sold Silver, driving down the close to $24.68. We are seeing shortages in popular 2020 Silver investment products, as mints around the world are getting ready to mint 2021 products. The Silver-to-Gold ratio increased to 76.52-to-1.

Today: This morning Silver continues to trade above and below the key $24 level, awaiting direction from Gold. Silver has been able to put in a firm base above the $23.50 level.

All statements, opinions, pricing, and ideas herein are believed to be reliable, truthful and accurate to the best of 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.