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Silver (XAGUSD) Price; Will the Bulls Prevail Over the Bears in This Ranging Market? CryptoVibes
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Yahoo! Finance: SI=F News
Get ready for some incredible price moves in the metals markets and congrats to all the Gold and Silver bugs out there. Our analysis says our patience and accumulation of physical metals will soon pay off in a big way.
The post Precious Metals Are About To Reset Like In 2008 – Gold Bugs, Buckle Up! appeared first on WorldSilverNews.
Credit Bubble Bulletin/Doug Noland/4-5-2020
“It is difficult to envisage this terrible pandemic attacking a global financial system and economy at more fragile states. A heavily indebted world is heading into the worst crisis since World War II. I fear the emerging markets are at the epicenter, with dollar-denominated debt the Achilles heel. … No nation has accumulated more dollar-denominated debt than China.”
USAGOLD note: Noland walks his readers through the financial history preceding the 1997 Asian monetary crisis and says the situation developing in emerging countries now echoes those times. China, he warns, might be at the ‘core’ of a developing emerging-market meltdown.
Chart courtesy of TradingView.com
Reuters/Arpan Varghese and Rajendra Jadhav/4-3-2020
“Physical bullion markets in major Asian hubs saw a sharp divide this week with some regions seeing a surge in demand, while others grappled with strained supply and muted activity amid global lockdowns due to the coronavirus.”
USAGOLD note: Bottom line. Where people can get out and buy gold in Asia, they are doing it. Where they are in quarantine or lockdown they have others things on their minds.
Courtesy of TradingEconomics.com
BNN Bloomberg/Elena Mazneva/4-5-2020
USAGOLD note: This article says the refineries will operate at 50% of capacity. Gold market participants will be watching to see what this translates to in real numbers, i.e., whether or not sufficient bullion actually reaches the marketplace. It comes to mind that mine sources have been compromised as well.
