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.
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
Gold has been a safe haven for literally thousands of years. But how effective is it as a “hedge”?
COVID-19 continues to be the primary issue that is triggering extensive market volatility across the world. Every headline out of China seemingly sends equity markets immediately higher or lower, depending on analyst and algorithmic interpretation of how the news pertains to the spread of COVID-19 and its impact on the global economy.
The coronavirus was once again the top news story of the week as it continued to make its way around the globe. Globally, officials are becoming more and more distrustful of the data that is coming out of China over the number of confirmed cases and the number of deaths caused by the new disease.
The continued spread of the novel coronavirus outside of China was the top concern for most news outlets this week. The friction between President Trump and the House of Representatives continued to escalate this week, even as his impeachment Trial in the Senate came to its conclusion.
This week we saw the ongoing impeachment trial of President Donald J. Trump, further spread of the coronavirus outside of China, and will see the long-awaited exit of the United Kingdom from the European Union at midnight on Friday.
It was another shortened trading week as the U.S. celebrated the life of Dr. Martin Luther King on Monday. The impeachment trial of Donald J. Trump got underway in full this week and the expected political wrangling and mud-slinging did not disappoint.
Let’s have some fun… I grew up in the Johnny Carson era, and saw lots of funny episodes and comedians over the years.
It was another news-filled week, particularly with regards to the ongoing U.S.-China trade dispute. The Senate impeachment trial for President Donald J. Trump also began its initial stages this week and will likely eclipse news from mainstream media outlets over the coming weeks.