The Precious Metals Regain

by J. Johnson

Great and Wonderful Thursday Morning Folks,

Gold has turned sharply higher the day after the January Deliveries closed out with April Gold now at $1,585.50, up $9.50 after reaching $1,588.00 with the low at $1,580.00. To me, Silver is leading this mornings push thru the “fix” with the March contract at $17.735, up 24.8 cents and close to the high at $17.764 with the ridiculous low of $17.52. The US Dollar is still up there in purchasing power with the value pegged at 97.74, down 7.9 points and close to the low at 97.725 with the high at 97.91. Of course, all of this happened already before 5 am pst, the Comex open, the London close, the Brexit exit, and after Russia closes the Great Wall between itself and China, an Italian cruise liner with 6,000 people on board being quarantined, oh yeah, and after the FOMC meeting in which everything they claim, is rosy and wonderful (for those that print and do not earn).

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