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Silver

Could $3,000/Oz Gold Prices Become the New Normal?

“You should be looking at the 10- to 20-year fallout of this because even now the Fed’s calling for 18 months of recovery.”
— Scottsdale Bullion & Coin President Eric Sepanek

Normal. It’s starting to feel like a distant memory for many Americans. Out of work. Stuck at home. No end to the quarantine in sight. No cap on the money printing. Mismanaged stimulus payments. Murmurs of inflation from Fed members. The future grows murkier by the day.

The only certainty is the safety of gold. When the dust settles, you can expect gold to shine even brighter. Spot prices to soar even higher.

How high could spot gold prices go? $3,000? $4,000? Higher?

Watch the video above for the answer and expert analysis of what the “New Normal” might hold.

Do you know how long this crisis will last? Have you thought about its impact on your savings next year? In five years? Ten years? Have you prepared for the fallout of this monetary mess? Scottsdale Bullion & Coin’s advisors are here to help you. Whether you have questions about financial planning for the “New Normal” or want to secure your future with gold today, call 1 (888) 812-9892.

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Silver

Scotiabank’s metals business closure could impact daily gold price discovery — analysts

Kitco News

(Kitco News) – Turbulent times of first trying to sell, then downsizing its bullion desk, Canadian Bank of Nova Scotia (Scotiabank) (TSX: BNS.TO) now appears to be closing its metals business, according to Reuters.

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Silver

Lucapa Diamond reports ‘widespread uncertainty’, issues securities

Kitco News

(Kitco News) – The company said it will use the funds for exploration and to preserve mining assets suspended as a result of the COVID-19
pandemic, as well as general corporate purposes.

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Silver

‘Electrified and partially-automated’ mine improves Seabridge’s economics

Kitco News

(Kitco News) – “The benefits of incorporating Iron Cap into mine plans at an early stage have exceeded the upper end of our expectations.”

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Silver

MAG Silver announces C$60 million private placement with Eric Sprott

Kitco News

(Kitco News) – MAG intends to use the net proceeds of the offering to fund exploration and development of the Juanicipio project located in Mexico.

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Silver

MAG Silver announces C$60 million private placement with Eric Sprott – Kitco NEWS

“”silver price”” – Google News

MAG Silver announces C$60 million private placement with Eric Sprott  Kitco NEWS

The post MAG Silver announces C$60 million private placement with Eric Sprott – Kitco NEWS appeared first on WorldSilverNews.

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Silver

Silver miners hit hardest by lockdowns – report – MINING.com

Silver miners hit hardest by lockdowns – report  MINING.com
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Silver

Silver Price Daily Forecast – Silver’s Attempt To Move Lower Gets Quickly Bought – Yahoo Finance

Silver Price Daily Forecast – Silver’s Attempt To Move Lower Gets Quickly Bought  Yahoo Finance
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Silver

CPM Group: pandemic to dent silver supply and demand in 2020 – Kitco NEWS

CPM Group: pandemic to dent silver supply and demand in 2020  Kitco NEWS
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Gold

Ghosts of the Great Depression

TradingView/VovaNapas/4-23-2020

“There are a few similarities that we can identify by looking at the weekly charts of DJI today and DJI on the edge of1930s:

• First of all, there is a period of doubt where price volatility increases (red zone on the chart), which is then followed by the last push of the price to record the high point of the entire period.
• Secondly, a very sharp drop of asset price (49% in 1929 and 38% in 2020) which by itself signals that the prevailing trend is under threat.
• At last, just before the general consensus that the economy entered a recession, we see a strong retracement from the drop . In both cases, the price retraced back by a half or even a little more.

The pattern is repeating itself.”

Dual charts showing stock market trend lines 1929-2020Chart courtesy of TradingView.com