Auteur : gold-eagle.com

The above seven-month stint from the beginning of September 2008 through the end of March 2009 found the S&P 500 (closing price basis) down as much as 47%, (and moreover Oil down as much as 71%). Yes Gold suffered, but relatively less so in falling 15%, whilst the Bond’s loss was at most just 4%.

Last week’s trading saw gold spiking sharply higher into Wednesday’s session, with the metal pushing all the way up to a high of 1856.60. From there, however, weakness was seen into Friday, here dropping back down to a low of 1810.10 – before bouncing off the same into the weekly close.

Yesterday‘s recovery ended on a weak note as stock bulls gave up the opening gap. Disappointing in the very short run, especially given that other key markets acted likewise weak. Neither corporate bonds, nor gold, nor oil could get their act together, and are hanging in the balance. Inviting the bears to probe the defences, how far south will they be able to get?

Last year felt like a pivot point in U.S. history. The pandemic and election left the nation ideologically divided.

There seem to be only three resolutions going forward.

America will face an increasingly authoritarian federal government ruling over a largely apathetic populace, the nation will splinter, or leadership will emerge which is somehow capable of bridging the ideological divide between the American left and the right.

President-elect Joe Biden is expected to increase further government spending. For this and also other reasons, there is a risk that inflation under Biden’s presidency could be higher than under Trump’s. That would be great news for gold.

My research team and I have highlighted a number of recent articles about Gold and Silver and how we believed the longer-term price activity and technical analysis supported a broad market advance in Precious Metals over the next 5+ years. If not, check out Part I and Part II of our recent Gold and Silver research and price predictions.

Today, we are seeing further evidence that metals are on the move – in Platinum. Platinum has been trading below $1000 for quite a while and this is roughly HALF the price level of Gold. Typically, Platinum rallies before Gold rallies in a traditional trending phase.

Bailouts and stimulus are not the best solution to the Covid pandemic.

What is? Possibly…insurance.

I know it’s far from perfect, but I think it could still be the best overall option.

On some level, it’s surprising that the role of insurance has gotten so little attention in this crisis.

After all, us and future generations will have to pay for all these massive bailouts.

That’s callin’ it right, baby! Cue the timeless Harry Caray: « Gold Wins! Gold Wins! Gold Wins! »

« But mmb, you also said the ‘incumbent’ would win… »

Indeed, Squire, ’tis for all the world to see that our call for the StateSide President’s being re-elected was wrong, albeit the criteria we expected for that to happen actually came to pass, (i.e. materially more votes than in 2016, and record-settingly so across a variety demographic measures).

By now it is probably obvious, even to the most naive of mainstream narrative followers, that we are well past the point of no return on many fronts. Politics, on a national and global level, are never getting back to “normal”, the economy is already knee-deep in a severe recession, while social frictions and public discontent with governments, institutions and all kinds of rulers and central planners is on a sharp and dangerous trajectory.

One of the primary concerns many gold and silver investors hold is whether the government will attempt to confiscate precious metals like back in 1933.

Strengths The best performing metal this week was palladium, up 6.48 percent, notching its best weekly advance since June. While