Get Ready for Major Volatility in Precious Metals Markets

First published by Money Metals here:
https://www.moneymetals.com/podcasts/2020/10/30/precious-metals-markets-volatility-002154

Volatility is ramping up ahead of next Tuesday’s all-important election. Equity and precious metals markets got hit earlier this week on lockdown jitters. New virus restrictions in Europe and fears of a devastating second wave in the United States caused investors to place sell orders.

When “Fiats Fail,” Precious Metals Prevail

First published by Money Metals here:
https://www.moneymetals.com/news/2020/10/29/when-fiats-fail-precious-metals-prevail-002153

There are two theories of money. The first is that it should have intrinsic value, something people can hold, knowing that it has value in and of itself. The second is that it is lawful; that usually a government or King, mandates that their creation can be used to pay for all goods and services.

A New World Monetary Order Is Coming

First published by Money Metals here:
https://www.moneymetals.com/news/2020/10/27/a-new-world-monetary-order-is-coming-002152

The global coronavirus pandemic has accelerated several troubling trends already in force. Among them are exponential debt growth, rising dependency on government, and scaled-up central bank interventions into markets and the economy. Central bankers now appear poised to embark on their biggest power play ever.

 

October 26, 2020 – Gold and silver prices gained modestly in last week’s trading.

Check the Gold price here: https://t.co/jWSWw7DH38

In recent weeks, price performance has been all about the dollar. The DXY index closed back below 93 last week and that gave a boost to the metals.
Stock prices also finished higher, but the S&P 500 remains below the highs from early September.

Investors are waiting to see the results of next week’s presidential election.

Until then, there won’t be much conviction about which direction the markets are headed.

Some major economic data is due out this week, if there are any investors who aren’t focused exclusively on presidential politics. We’ll see reports on durable goods and GDP as well as personal income and spending.

 

October 26, 2020 – Gold and silver prices gained modestly in last week’s trading.

Check the Gold price here: https://t.co/jWSWw7DH38

In recent weeks, price performance has been all about the dollar. The DXY index closed back below 93 last week and that gave a boost to the metals.
Stock prices also finished higher, but the S&P 500 remains below the highs from early September.

Investors are waiting to see the results of next week’s presidential election.

Until then, there won’t be much conviction about which direction the markets are headed.

Some major economic data is due out this week, if there are any investors who aren’t focused exclusively on presidential politics. We’ll see reports on durable goods and GDP as well as personal income and spending.

Originally Posted Here:

Election May Impact Near-Term Action in Gold & Silver

First published by Money Metals here:
https://www.moneymetals.com/news/2020/10/26/election-impact-near-term-action-gold-silver-002150

Metals broke out earlier in the year because there has likely never been so many fundamental reasons to buy gold and silver. We’ve seen economic turmoil, political strife, social unrest, a $3 trillion federal deficit, and a dollar weakened by fiscal and monetary stimulus – all happening at once.