Not even FOUR MONTHS AGO, the Chinese government and the U.S. administration signed the HISTORIC Phase 1 trade deal. The biggest concern that markets had on the geopolitical front, ASIDE FROM BREXIT, was over.
UNTIL the fear of a TERRIBLE 2nd wave dissipates, we expect the market to trade in a range. We don’t anticipate a breakout, but we don’t really envision FALLOUT either, although tomorrow could prove DISASTROUS, after Warren Buffett disclosed selling the entirety of his airlines position.
In the end, Covid-19 will be remembered mostly, financially speaking, for ACCELERATING the unimaginable wealth gap that exists in the western world, as it does in developing countries. The UBER-RICH have won again, but I believe that the masses will not GO DOWN so easily this time around.
Physical silver coins are trading at a STEEP premium to the spot price, which tells us that once the economy re-opens and industrial usage GOES BACK TO NORMAL, prices could be migh higher. All the while, investors will keep HEDGING their distrust of the fiat monetary system by adding silver to their portfolios.
Just a few days ago, I was talking with a number of VETERAN investors, and 90% of the conversation revolved around what INSTRUMENT is best to go LONG on oil.