Tag: precious metals buying

You May Have Overlooked These “Sleeper” Precious Metals

You May Have Overlooked These “Sleeper” Precious Metals

Precious metals markets got off to a rocky start this week as Wall Street celebrated promising developments on the vaccine front. On Monday, stocks surged while gold and silver sold off hard. That selling didn’t bring downside follow through, however. The metals held trading range support levels and pared some of their earlier losses heading into this Friday the 13th. A metal we don’t often talk about traded up to an amazing record high earlier this week. The noble metal rhodium made palladium look dirt cheap by comparison – commanding as much as $15,000 per ounce. Like platinum and palladium, the primary application for rhodium is catalytic converters for cars […]

Continue Reading

Americans Just Can’t Get Enough Gold & Silver

| May 1, 2020 | COVID-19
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 […]

Continue Reading