For silver to become more than just a bead-cat bounce on the charts, here’s what needs to happen… by Michael Ballanger via Streetwise Reports As a child, I used to […]
The post Michael Ballanger: Despite Its Recent Strength, SILVER REMAINS IN A BEAR MARKET appeared first on Silver Doctors.
Most Americans were living paycheck to paycheck even during “the good times”, and so now that disaster has struck… by Michael Snyder of The Economic Collapse Blog The cascading failures […]
The post Worse Than 2008: The Coronavirus Shutdown “Could Collapse The Mortgage Market” appeared first on Silver Doctors.
Has the coronavirus provided gold and silver prices an unexpected tailwind for the next phase of their bull markets? by Jason Burack of Wall St For Main St Has the […]
The post Coronavirus Fallout: Gold & Silver Enter Next Phase of Their Bull Market? appeared first on Silver Doctors.
An economy of rackets designed to enrich the few at the expense of the many is brittle because self-serving rackets snuff out competition, accountability and… by Charles Hugh Smith via […]
The post The Lockdown Wouldn’t Be So Devastating If Our Economy Wasn’t So Rigged, Brittle and Exploitive appeared first on Silver Doctors.
Comex was just rescued with gold from JP Morgan… ***** Silver Doctors Editor’s Note: Today’s article references the most recent disconnect in the “markets” that began in late March, which […]
The post Gold Markets Again Haunted By Signs Of Paper Versus Physical Dislocation appeared first on Silver Doctors.
AFTERNOON UPDATE
Reuters/Sumita Layek/4-6-2020
“Gold prices surged over 2% to a more than three-week high on Monday on expectations of global stimulus measures to counter the economic damage caused by the outbreak of the novel coronavirus. …… ‘Physical demand continues to dominate and support gold prices. Massive amounts of stimulus are effectively diluting currencies so gold demand is coming from all directions,’ said Phil Streible, chief market strategist at Blue Line Futures in Chicago.”
USAGOLD note: Reuters echoes what we reported in this morning’s DMR. We would add simply that the deflation scare is an additional factor pushing demand for physical metal as are the problems in the global oil patch. Even we were surprised at gold’s strength as the trading day wore on. Reuters provides a good overview at the link for those looking to catch up on what’s driving the gold price.
