April 27, 2020 – Gold prices moved higher last week while silver ended the week essentially flat. U.S. equity markets also finished the week nearly unchanged.

Speculators are looking at some terrible economic data, but some of the COVID-19 data has been encouraging. President Donald Trump and a number of state governors are talking about a phased end to the self-quarantine measures which have begun to destroy the U.S. economy.

We will soon see how that goes. The equity markets seem priced for a V-shaped recovery in the real economy. Congress expanded the stimulus program to support payrolls at small businesses.

The rescue and reopen efforts won’t work unless consumers are willing to resume dining out, going to movies, and entering retail shops after they have been told to fear such activities as potentially deadly.

Many Americans aren’t betting on a V-shaped recovery. They are looking at the bounce in stock prices as an opportunity to sell and seek safe haven.

Meanwhile, retail demand for retail bullion products is unrelenting and has wiped out inventories at many of Money Metals' competitors. Money Metals is taking far more than the usual number of calls from people planning to buy gold and silver for the first time.



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