Gold regains $1400 while silver hits $15.50

Gold regains $1400 while silver hits $15.50 by Ken Schortgen, Jr for Shotgun Economics

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Following Jay Powell’s signal that interest rate drops are on the way, just a day later on June 20 the price of gold suddenly broke through its 6 year hiatus to finally cross the Rubicon of a $1400 handle.

Additionally, silver has jumped strongly into the $15 handle with a move over $15.50.

The question that remains is… are we now at the point where the cartel either cannot, or will not work to keep down the price?  We should probably find out the answer in the coming days.

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Ken Schortgen

Discussions on financial, economic, and geo-political issues important to the world, and your wallet.