Gold Market Update
(USAGOLD – 7/17/2019) – In the absence of other news, we see silver’s upside over the past few days as the primary influence on gold’s strong move today. Silver is pulling gold higher along with it. We also see gold’s holding firmly above the $1400 level as an important technical factor encouraging many speculators to go long and others to cover their short positions. Too, it doesn’t hurt to have people the stature of Ray Dalio speaking so forcefully in gold’s favor as a long-term hedge. (Scroll below)
TODAY. . . .
Gold –– + 1.56%
Silver –– + 2.50%
Stay tuned. . . .We will update if more information becomes available.