Written by Mark Yaxley, General Manager, Strategic Wealth Preservation. These have become regular weekly updates, which we will continue delivering to you until the precious metal market begins to settle back into normality. Please enjoy these nuggets of information until then. Price Action Gold closed last week at $1484/oz. A week later, the yellow metal…
La volatilidad del mercado se mantiene a niveles extremos mientras los científicos se esfuerzan por encontrar protocolos de tratamiento y vacunas contra la COVID-19, cuya propagación ha hecho que la economía, conectada a nivel mundial, se detenga repentinamente.
In his inaugural address in 1961, new President John Kennedy gave a stirring speech in which he famously stated, “And so, my fellow Americans: Ask not what your country can do for you — ask what you can do for your country. “
Market volatility remains extreme as researchers scramble to find treatment protocols and preventative vaccines for COVID-19, the spread of which has brought the globally connected economy to a shuddering halt.
Given what’s happening in the markets, it’s time to look at the history of crashes in gold and silver. And just as important, to see what message we can glean about their recoveries.
With the effects of the spread of COVID-19 still taking shape across the world and all of us experiencing dramatic changes to our daily lives, we wanted to let you know that Precious Metals International, Ltd. (PMI) is thinking of you and hoping that your loved ones are safe and well.
El pánico se aceleró en todos los mercados esta semana conforme la propagación de COVID-19 en todo el mundo provocaba grandes ceses de actividades, cierres de negocios, e incluso, cierres fronterizos en la mayoría de los países.
Panic accelerated in all markets this week as the spread of COVID-19 around the globe forced massive shutdowns, business closures and even border closures across most countries.
In 1906, Alfred Henry Lewis stated, “There are only nine meals between mankind and anarchy.”
Since then, his observation has been echoed by people as disparate as Robert Heinlein and Leon Trotsky.
I don’t generally comment on the markets unless I feel we’ve reached a critical point. My last communication with regards to the state of the market was back in September 2019 when I said that I believed we were entering the early stages of a precious metals bull market