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$GLD and $SLV Prices as of October 21 2019 @moneymetals


October 21, 2019 – It was another quiet week of trading in the precious metals markets. Gold and silver closed Friday almost unchanged versus the prior week.

The S&P 500 finished slightly higher. Investors had trouble deciding whether now is the time for “risk on” or “risk off.”

There was some optimism around Chinese trade early in the week, but that largely evaporated on Friday. The news of a deal turned out, once again, to be more talk than reality.

For more than two years now, the markets have been yo-yoing higher and lower, in response the jawboning on trade.

The FOMC will meet again next week to determine rate policy. Fed watchers are expecting another rate cut on top of the hundreds of billions being pumped into the repo markets and a “don’t-call-it-QE” program to purchase $60 billion per month in Treasuries.

The environment keeps getting worse for the dollar and better for gold. Thus far, however, neither gold nor the dollar have fully priced in the Fed’s easing.

The dollar finally began to show some weakness last week, but that appeared more related to strength in the British pound. British negotiators reached an agreement with EU officials on Brexit and the proposal goes in front of parliament for a vote by month’s end.



Check out live precious metals prices here:
https://goo.gl/gy5XMA

2.50 Indian Head Gold Coin Value