March 16, 2020 – Gold and silver futures jumped briefly Sunday evening immediately following the Federal Reserve’s emergency intervention – and then promptly fell sharply overnight.

The Fed has slashed its benchmark interest rate to ZERO in a surprise move ahead of today’s market open. Jerome Powell and company also announced $700 billion in Quantitative Easing.

Hang on tight, it already looks to be another volatile week.

Gold and silver prices were punished late last week as leveraged speculators in the futures markets faced a liquidity crunch.

Whether the selling was a voluntary move to raise needed cash or forced selling driven by margin calls, the result was the same – lower spot prices (and then a retail precious metals buying frenzy).

All eyes will be on the equity markets again this week. Friday, the President declared a National Emergency to fight the coronavirus. The Dow Jones closed nearly 2,000 points higher on Friday – but then fell sharply back down this morning.



Check out live precious metals prices here:
https://goo.gl/gy5XMA