August 1, 2016 -- Gold and silver prices rallied last week as it looks less and less likely Fed officials will withdraw stimulus anytime soon. Investors ignored the usual jawboning about economic recovery and a desire to hike rates in the months ahead. Many feel the U.S. economy is not strong enough to grow without extraordinarily loose monetary policy.

Meanwhile, after years of buying based on progressively lower precious metals prices, bullion investors find themselves facing a dynamic that has been missing for several years -- higher prices!

Investors like to feel like they are getting a bargain -- that prices can head much higher still. Now that silver has made a run back to $20/oz and gold is once again at $1350/oz, the metals don’t seem cheap to those who have been in the market these last few years... and some of those investors are even selling their gold and silver.

Live prices at MoneyMetals.com show gold currently trading at $1,350.10 per ounce on the global market, and silver is coming in at $20.50.