Silver scores biggest monthly gain in 9 years as U.S.-China tensions boost gold prices

Silver scores biggest monthly gain in 9 years as U.S.-China tensions boost gold prices

Silver futures on Friday posted a gain of nearly 24% for the month, the largest since 2011, with the industrial metal finding support as global economies continue to reopen from pandemic-related shutdowns.

Gold futures, meanwhile, rose for Friday’s session buoyed by U.S.-China tensions and global monetary stimulus measures.
May 29, 2020 0 Comments
FIRST STAGE OF OIL DEMAND DESTRUCTION: U.S. Supply Of Petroleum Products Down 7 Million Barrels Per day

FIRST STAGE OF OIL DEMAND DESTRUCTION: U.S. Supply Of Petroleum Products Down 7 Million Barrels Per day

The U.S. is only in the FIRST STAGE of the country’s oil demand destruction.  Since the nationwide shutdown announced by the U.S. Government in mid-March, domestic oil demand has fallen more than 7 million barrels per day.  In just the past three weeks, the total U.S. petroleum products supplied to the market fell by 33%.
April 13, 2020 0 Comments
Gold rises over 1.7% as U.S. Fed ramps up support measures

Gold rises over 1.7% as U.S. Fed ramps up support measures

March 24 (Reuters) - Gold prices rose on Tuesday, following a near 4% jump in the previous session after the U.S. Federal Reserve announced unprecedented measures to support an economy which is reeling from the coronavirus pandemic.
March 23, 2020 0 Comments
U.S. Mint Silver Eagle Sales Surge First Three Days In March Due To Global Contagion

U.S. Mint Silver Eagle Sales Surge First Three Days In March Due To Global Contagion

When investors become increasingly concerned about the financial system, they rush into physical precious metals.  And, this is precisely what we see taking place at the U.S. Mint as sales of Silver Eagles surged in the first three days of March versus the entire month of February.  The U.S. Mint hasn’t seen this type of buying for several years.
March 5, 2020 0 Comments

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