$GLD and $SLV Prices as of June 15 2020 @moneymetals
8:08 AM
June 15, 2020 – Gold prices rallied last week, outperforming silver which closed Friday nearly flat. Both precious metals opened lower this morning.
Fundamentals, including near-record unemployment and rioting in major U.S. cities suggests that selling risk assets and buying safe havens would be the right play.
However, that has to be weighed against Jerome Powell and the Fed who are laying in the weeds and watching stock prices carefully. Anyone with the temerity to sell short can expect to be ambushed by another round of stimulus.
Social unrest is dominating most of the headlines, having largely replaced COVID-19 in the news cycle. A white policeman shot and killed a black man who violently resisted arrest in Atlanta over the weekend. More protests and riots are likely on the way.
Check out live precious metals prices here: https://goo.gl/gy5XMA
Fundamentals, including near-record unemployment and rioting in major U.S. cities suggests that selling risk assets and buying safe havens would be the right play.
However, that has to be weighed against Jerome Powell and the Fed who are laying in the weeds and watching stock prices carefully. Anyone with the temerity to sell short can expect to be ambushed by another round of stimulus.
Social unrest is dominating most of the headlines, having largely replaced COVID-19 in the news cycle. A white policeman shot and killed a black man who violently resisted arrest in Atlanta over the weekend. More protests and riots are likely on the way.
Check out live precious metals prices here: https://goo.gl/gy5XMA
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