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Last week might've been a short trading week, but it was packed with the sort of financial news that sends the price of gold higher.
This latest gold rally pushed the metal to a fresh five-month high and close to a new breakout level.
Let's take a look at how the week unfolded and where I see the gold price heading next...
After a week that saw the price of silver struggle to notch any gains, its most recent trading day made up for its latest challenge.
The Buenos Aires G-20 meetings provided for the spark that silver prices needed to rally.
The price of gold just managed to tread water last week, but a weakening dollar could give gold a fresh boost in December.
Now that U.S.-China trade tensions have cooled off after the summit and the Fed all but confirmed a December rate hike, the wind might be coming out of the dollar's sails.
And that could be very positive for gold prices in 2019...
After a rough week for stocks and the Thanksgiving holiday, the price of silver remains one of the best deals around.
Of course, additional discounts may still lie ahead, but silver's inherent value at current prices are difficult to beat – no Cyber Monday promos required.
And the gold to silver ratio has once again popped higher in gold's favor, making silver an even bigger relative bargain.
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As the price of gold continues to fight to for a breakout above $1,230…
Gold's dip attracted safe-haven buying as well as short covering, causing the metal to bounce back.
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My recent position on silver was that it had become massively oversold.
That was a week ago, when the price of silver dropped from $14.65 to $13.97.
But the indicator I'm following is showing signs of a coming silver price breakout...
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Just when it looked like the price of gold was going to retest its lows of October and maybe even September, the metal put on a bold rally.
After marking an intraday low of $1,196 on Tuesday, Nov. 13, gold prices took one more day to consolidate near those lows.
Since then, the price of gold has rallied and so far maintained a healthier level near $1,220. The run happened as stocks continue to struggle while the dollar retreats.
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A little while back, our Peter Krauth predicted that platinum was on the cusp of soaring due to demand, supply, and utility.
Well, it looks like his prediction came true, with the metal already up over $100 per ounce.
What's more, with Peter's two platinum plays, you'll be bagging double-digit profits...
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The global car industry is spending billions on this energy metal, and the thing is, the supply is already severely challenged.
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It's been a lackluster few weeks for silver prices.
Over the last month, the precious metal has traded between $14.20 and $14.80, with an average consolidation price of $14.65.
However, it looks like there's a significant breakout on the way – and tremendous profits for savvy silver investors.
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