A perfect storm results in a dramatic rally in gold and silver

A perfect storm results in a dramatic rally in gold and silver

It was more than a trifecta of events that sparked today’s sharp gains in both gold and silver. First and foremost is the global pandemic that has resulted in economies worldwide contracting. This led to central banks revising their monetary policies to be more accommodative as they attempt to diminish the contraction so that economies can start to stabilize and eventually begin to rebuild.

Secondly is also a direct result of the pandemic; massive expenditures from fiscal stimulus. The U.S. allocated $3 trillion to fund the “Cares Act” to help individuals and businesses gravely affected by the pandemic.

Which leads us to the third event, the recent presidential election, and how the outcome might affect the size and scope of any upcoming fiscal stimulus bill. Although they are still tabulating the votes and have not officially announced a winner it seems highly likely that the next president of the United States […]

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.

Posting Guidelines
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!


No comments yet