Kitco News
(Kitco News) – After the COVID-19 outbreak peaks, countries around the world will begin efforts to re-start their economies and silver will greatly benefit from these actions as it embraces a new position in the commodity world — an ‘infrastructure’ precious metal, according to BMO.
The post New opportunity for silver: Demand to see a shake-up after COVID-19 outbreak – BMO appeared first on WorldSilverNews.
“”silver price”” – Google News
New opportunity for silver: Demand to see a shake-up after COVID-19 outbreak – BMO Kitco NEWS
The post New opportunity for silver: Demand to see a shake-up after COVID-19 outbreak – BMO – Kitco NEWS appeared first on WorldSilverNews.
Kitco News
(Kitco News) – Gold prices could still climb at least 20% higher from current levels due to increased monetary and fiscal stimulus, according to Nitesh Shah, director of commodity research at WisdomTree.
The post $2,000 gold prices still in sight; stimulus to provide boost – WisdomTree appeared first on WorldSilverNews.
Bloomberg/Tim Duy/4-7-2020
“That bounce, however, won’t be a full recovery. There are two broad obstacles to a V-shaped recovery. First, expect some persistent damage to the economy as the result of firms going bankrupt and the severing of employer-employee relationships. The CARES Act, with its enhanced unemployment benefits and aid to business, helps minimize this damage, but it remains insufficient to stem all the bleeding.”
USAGOLD note: Oregon University economist Tim Duy addresses objectively the questions on many investors’ minds as we move deeper into the fourth month of this crisis – which now seems like it has been with us for years, not months.
Source: U.S. Treasury Department
USAGOLD note: The U.S. national debt is now less than $100 billion short of $24 trillion. Over $700 billion has been added since the first of the year and $500 billion has been added in the month of March alone, as shown above.
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Reuters/Eileen Sorenjg
“The latest published numbers show record stocks of 8,326 tonnes of gold in London, which is equivalent to 666,045 standard 400-ounce gold bars, according to the LBMA, which oversees the London trade hub. Meanwhile, CME said its New York depositories held 9.2 million ounces of gold with 5.6 million ounces eligible as of March 30, nearing a record high in terms of stock levels.”
USAGOLD note: So why the angst and attendant hullabaloo about a COMEX gold bullion shortage over the past ten days?
Repost from 4-2-2020
Bloomberg/Sally Bakewell, Sridhar Natarajan, and Nabila Ahmed
“’Everyone knows you are playing with fire with leverage,’ said Michael Terwilliger, a portfolio manager at Resource Credit Income Fund. ‘Response to the last panic has built the new panic.’”
USAGOLD note: Reading through this article you get the sense that Bloomberg might be revealing what could be the tip of a very large and complicated iceberg.
Repost from 4-2-2020
