Stored Food is Wealth, Like Stored Precious Metals

by J. Johnson

Great and Wonderful Monday Morning Folks,

The week starts off with a positive gain in Gold with the trade at $1,667.60, up $21.10 after reaching $1,673.00 with the low at $1,638.20. The Tag a Long Kid – Silver, is up as well with its trade at $14.790 up 29.6 cents after reaching $14.86 with the low at $14.355. The US Dollar is still above par with the trade at 100.715, registering a gain of 0.038 after hitting a high of 100.945 with the low at 100.535. Of course, all of this happened before 5 am pst, the Comex open, the London close, and after Boris went to the hospital, and just before Japan declares a State of Emergency.

Everything precious metals is green in the Emerging Markets this morning. In Venezuela, the price for Gold gained 340.57 Bolivar over the weekend with the trade at 16,655.15 with Silver doing the same, adding 1.598 with the trade at 147.715 Bolivar.

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