March 23, 2020 – Gold and silver prices dropped once again last week as metals futures continue to be caught up in the panic selling gripping Wall Street.

Anyone who bought paper gold or silver on leverage and expected other safe-haven buyers to join with them was severely disappointed. Investors are learning the hard way that precious metals futures are not where they want to be in a crisis.

If the leverage and margin calls don’t wipe you out, the crooked bankers calling the shots there will.

The safe-haven buying is in the physical bullion market, where it belongs.

Given the amount of fear and the economic disruption of entire states closing non-essential businesses, it is hard to imagine the selling on Wall Street is finished. Precious metals futures will continue to battle these same headwinds.

The bull case will be when institutional speculators are ready to deploy cash to precious metals futures to hedge against the trillions of dollars in inflation promised by politicians and the Fed.

And, at some point, the bullion banks will finish converting most of their short positions to a long position and try to get momentum in prices heading higher.



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