Precious Metals Continue to Be Pressed Lower

by J. Johnson

Great and Wonderful Tuesday Morning Folks,

Gold is being hammered upon with the trade at $1,571.90 down $10.50 after being knocked down to $1,569.10 with the high to beat at $1,584.50. Silver is doing the opposite (ok, not leading Gold lower this time), with the trade up 1 penny at $17.68, recovering from the low at $17.61 with the high to beat at $17.770. The US Dollar may be getting all this support from the printing going on in other nations with the trade now valued at 97.735, up 11 points after it reached 97.81 with the low at 97.635. Of course, all of this happened before 5 am pst, the Comex open, the London close, and as China starts to close down some gambling hubs that do not include the exchanges tied to every other global exchange (keeping watch).

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