Although the gold market has suffered from the same volatility of the markets the yellow metal has done its job amidst a health and economic crisis… by David Morgan of […]
The post David Morgan: Gold Is Doing Its Job appeared first on Silver Doctors.
If the financial news organizations that touted the new Comex contract won’t follow up on its quick disappearance, the contract will have served its purpose… by Chris Powell of the […]
The post So, What Happened To That Wonderful New 400-Ounce-Bar Comex Gold Futures Contract? appeared first on Silver Doctors.
The imposition of lockdowns to counter the spread of the infection from the coronavirus is likely to severely damage the real economy. As a result… by Frank Shostak via Mises […]
The post We Can’t Just “Restart” the Economy Where We Left Off appeared first on Silver Doctors.
If we didn’t sell off our Strategic Grain Reserve in 2008, or re-started something like our Strategic Oil Reserve but for food, we’d already be able to… (by Half Dollar) […]
The post USDA Wants To Purchase Farm Products To Support Food Banks appeared first on Silver Doctors.
A WHO official said that the next step in controlling the spread of the virus could involve raiding homes, and separating families… by Simon Black of Sovereign Man For this […]
The post WHO wants to separate families “in a safe and dignified manner” appeared first on Silver Doctors.
This has become a controlling scam-demic. Anyone with the smallest ability to read even MSM’s reports of the statistics should have known that the… by Mac Slavo of SHTFplan The […]
The post EXPOSED: LIES, CORRUPTION, & PAY TO KEEP THE PUBLIC IN A FEAR-INDUCED PANIC FOR ULTIMATE CONTROL appeared first on Silver Doctors.
The recent rebound in gold from $1450 has been astonishing. I you look at the… Jordan Roy-Byrne interviewed on Palisade Radio Collin returns to regularly host the show along with […]
The post Gold to Hit $20,000, Silver to Reach $1,000! appeared first on Silver Doctors.
Gold Eagle/Frank Holmes/4-15-2020
“‘Unprecedented global monetary stimulus is a worthy catalyst for the per-ounce price of gold to revert to its long-term mean vs. the S&P 500 Index, in our view,’ McGlone explains. … This has happened before …. As recently as March 2013, both spot gold and the S&P 500 were trading in the same 1,500 to 1,600 range. Before that, in May 1990, it was a 330 to 360 range. A reversion to the mean now – again, assuming the S&P continues to trade at its current level – would put the yellow metal at approximately $2,800 an ounce, a new record high by far.”
USAGOLD note: Whether or not the S&P will hold in its current range is an open question. At the same time, there have been instances when less than ounce of gold bought the S&P Index. Please see chart below.
Chart courtesy of MacroTrends.net
Daily Reckoning/James Ricards/4-14-2020
“So when Ken Rogoff talks (or writes), I listen. In his latest article, Rogoff offers a dire forecast for the recovery from the New Depression resulting from the COVID-19 pandemic. He writes, ‘The short-term collapse… now underway already seems likely to rival or exceed that of any recession in the last 150 years.’ That obviously includes the Great Depression and many other economic crises. This is something you should really consider before you decide the coast is clear and it’s time to jump back into stocks.”
USAGOLD note: We cited this same Rogoff Project Syndicate article in the April issue of News & Views, our monthly newsletter. Ricards calls the coronavirus crisis the “blackest swan most people alive today have ever seen … a full-fledged global contagion.”
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