Tag: coronavirus
Americans Just Can’t Get Enough Gold & Silver
Precious metals markets enter the month of May with some mixed signals near term. But the long-term picture continues to look constructive. All the metals appear to have put in major bottoms during the panic selling of mid to late March. Barring another wave of virus outbreaks and economic lockdowns, the gradual reopening of state, local, and national economies should start to unleash more industrial and jewelry demand in the not too distant future. And the extraordinary fiscal and monetary stimulus being pumped into the financial system will, if nothing else, work toward the debasement of the U.S. dollar. Earlier this week, the Federal Open Market Committee met and pledged […]
Urgent Questions about Precious Metals during the Coronavirus Crisis
Article Source: Money Metals Exchange The past few weeks have brought unprecedented volatility to the bullion market. In addition to wild swings in spot prices, Money Metals has experienced a massive surge in demand and extreme strain on supply, leading to a spike in premiums (on both bids and asks). These are stressful times for everyone, to be sure. But precious metals investors can rest assured physical bullion has always, and will continue to, represent real value during turbulent times. Case in point, while virtually all other assets have crashed, gold has stayed firm near its recent highs. Many longtime gold and silver holders – as well as potential new […]
Gerald Celente Speaks Out on Iran, Coronavirus, Gold and Global Protests
Mike Gleason: It is my privilege now to welcome back the one and the only Gerald Celente, publisher of the renowned Trends Journal. Mr. Celente is a frequent guest here on the Money Metals podcast and perhaps is the most well-known trends forecaster in the world and it’s always great to have him on with us. Gerald, thanks for the time again today. I guess we can still say happy new year. Welcome back to you. Gerald Celente: Well thank you and thank you for your kind words. Mike Gleason: Well, Gerald, here we are at the start of another year and a new decade also. At the start of the last decade in […]
Central Banker Pull Out Their Monetary Bazookas to Try to Avert a Coronavirus Crash
The emerging coronavirus pandemic is already crimping global commerce. In response, the S&P 500 has thus far put in two weeks’ worth of declines (the index fell 2.1% last week) since making new highs to start the year. Even though the U.S. stock market hasn’t even entered a true “correction” phase yet, Wall Street is already clamoring for more Fed stimulus. Mainstream stock market mavens figure the central bank will step in to limit downside – and they are probably right. Following the Federal Open Market Committee’s decision on Wednesday to keep rates unchanged, Fed Chairman Jerome Powell said he is “carefully monitoring the situation” with regard to the Chinese […]
