Yes ur right it did drop about 0.4% still barely 10% what silver fell. Platinum and palladium both up while silver fell almost 4%. I have been looking mainly at just the so called industrial metals.
Don't worry it will. It's cheaper than it was 10 years ago today. And there are several at spot deals going and I saw 90% under spot on facebook tonight.
Will Coronavirus be the next step down for the GSR? https://www.marketwatch.com/story/w...D17_c_dUtcsd&spot_im_highlight_immediate=true
I'm 62 and don't recall a time when gold and silver dropped during times of economic distress. It sounds like folks are selling PMs to shore up their equity positions...interesting.
When I see moves of this scope, I don't figure "folks" are significant -- it would take the big institutions to make a crater this deep.
Absolutely! Money managers are just folks. What concerns me is the potential of a "White Swan". What do money managers do once a vaccine is announced and everyone rushes to the other side of the ship...all at once? What effect might a White Swan have on the bond market and bullion prices? My "guess" is that gold prices won't move as much as other assets. Normally, I would expect money to flow from PMs to equities after a White Swan. However, folks have been selling PMs to absorb the market down draft. They may want to replenish their gold holdings should a White Swan occur.
Then either you forgot or just weren’t paying attention. Pm’s followed Dow down for 75% of the move before divergence, bound for all time highs.
Silver up 80% since 2020 lows!!! https://www.marketwatch.com/story/s...020s-low-2020-07-21?mod=watchlist_latest_news