Tag: selloff

Another Stock Market Selloff Could Drive More Bullion Buying

Another Stock Market Selloff Could Drive More Bullion Buying

Investors got a look at first quarter GDP, and it wasn’t pretty. The U.S. economy contracted by 4.8%, even worse than the 3.3% decline anticipated by economists. In addition to that bad news, 4 million more Americans filed for unemployment last week. More than 30 million people have lost jobs over the past 6 weeks, and the situation is only getting worse. The S&P 500 lost 2.8% on Friday. Perhaps equity investors are beginning to wonder if share prices, which have moved relentlessly higher in recent weeks, accurately reflect the dismal economic data. Warren Buffett certainly is. The famed investor announced his company, Berkshire Hathaway, had sold all of its […]

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