Last week saw the market lose yet another major producer to the COVID virus. The United States Mint, North America’s largest producer of gold and silver bullion products, announced the closure of its West Point, New York facility on Wednesday, due to concerns for their workers’ safety.
COVID-19 es aún el principal «viento en contra» que afecta todos los mercados. La volatilidad se mantiene a niveles extremos. Titulares relacionados con el «achatamiento de la curva» y posibles tratamientos en desarrollo para mitigar los efectos del virus, llevan momentáneamente los mercados al alza.
COVID-19 continues to be the major headwind affecting all markets. Volatility remains extreme as news headlines regarding “flattening the curve” and potential treatments in the works for mitigating the effects of the virus shift markets up, only to be sent lower again when officials and medical professionals take to the airwaves and walk back previous comments.
It came almost out of nowhere, a black swan event that engulfed the world. As everyone from citizens to governments scrambled to deal with COVID-19, the gold industry was impacted in unprecedented ways as well.
This past week was very positive for the precious metals. Not only were prices for both gold and silver up significantly, our industry has also had the chance to catch its collective breath following ‘March Madness’.
Esta fue una semana corta de negocios en la bolsa por el cierre de mercados el viernes, en observación de las celebraciones de Viernes Santo y Pascua judía. La volatilidad del mercado se mantiene a niveles extremos.
It was a shortened trading week due to markets being closed on Friday in observance of Easter and Passover.
Market volatility remains at extreme levels, with markets shifting and swinging on every headline that relates to the ongoing pandemic.
As many of our readers know, silver supply from mining operations has been in decline.
That decline has just sped up. In a big way.
This week was a continuation of the ‘new normal’, which is anything but normal. COVID continues to complicate our work and personal lives, including the precious metals supply chain.
La continua propagación de COVID-19 sigue siendo el factor que más afecta la volatilidad en todos los mercados. Las medidas de contención de emergencia, promulgadas en todo el mundo para intentar detener el brote, se han hecho más severas en la mayoría de países, lo que ha acentuando el declive económico que comenzó hace semanas.
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