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
Mike Maloney has always said, silver is gold on steroids…
Silver can move 5% or more in a single day.
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.
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’s no secret that Elon Musk has some revolutionary ideas. And by most measures, he has been wildly successful. Tesla orders hit a record 97,000 vehicles globally in the third quarter (not to mention 250,000 preorders for the new CyberTruck).
By Jeff Clark, Senior Analyst, GoldSilver and Adviser for Strategic Wealth Preservation. Silver mines aren’t pulling the same amount of metal out of the ground as they used to, which means less and less silver is coming to market. Why is less silver coming out of the ground? There are a number of reasons, but…
1. It was a historic week as the U.S. House of Representatives voted to impeach just the third sitting president since the United States of America formed as a republic. 2. The seasonally adjusted number of Americans filing initial claims for state unemployment dropped by 18,000 claims from the previous week’s unrevised level to 234,000…
The U.S.-China trade negotiation continues to be the top factor for market volatility. The impeachment inquiry into President Trump’s dealings with Ukraine also resumed this week, and it appears that the House will proceed with drafting formal articles of impeachment.
It was a heavy news week as the Federal Reserve took further action on interest rates, the October Non-Farm Payrolls report was released, and the impeachment inquiry into U.S. President Donald Trump gained traction in the House of Representatives.
One of our long-time clients recently submitted a question to our experts: What is the ideal ratio of metals to hold to weather the economic storms on the horizon?
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