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Saxo Bank/Ole Hanson/5-15-2020
“Also supporting metals in general are reports from Chinese research houses that commodity traders are hoarding tangible assets. Metal companies got cheap Covid-19 loans from banks and they seem to have piled that money into commodities, betting on a price recovery that is more profitable than their production activities.”
USAGOLD note: Insights on Friday’s jump in precious metals prices …… We thought the observations posted above an interesting addition to the information pool. i.e., something to file for future reference.