Coronavirus Causing High Volatility In The World’s Financial Markets

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	Gold Confiscation – Could It Happen Again?
	On April 5, 1933 a strange announcement appeared in U.S. newspapers. Thanks to Executive Order 6102. . . .JP Koning
	The Covid-19 Precious & Base Metal Update
	Precious & Base Metal Outlook Macro Backdrop: Corona Virus, not trade, now a. . . .Nicky Shiels, Metals Strategist - Scotiabank
	Preview Chartbook of the 'In Gold We Trust Report 2020'
	Since 2007, the annual In Gold We Trust report is THE authoritative report on gold investing. . . .Ronald-Peter Stöferle and Mark Valek - In Gold We Trust
	Gold Focused On Higher Prices
	Gold is higher by almost 1% this morning as weakness makes its way back into the risk landscape. . . .Blue Line Futures
	Gold Rises After Fed’s Surprise Rate Cut
	Gold prices rose on Tuesday after the Federal Reserve announced an emergency rate cut Tuesday. . . .Reuters
	Silver News From The Silver Institute
	Macroeconomic and geopolitical conditions will remain broadly supportive for precious metals. . . .The Silver Institute
	Silver Struggles Amidst Coronavirus Market Meltdown
	Equities markets around the world lost over 10% in value last week over growing concerns that. . . .Lawrie Williams
	Gold Joins The Virus Selloff With Biggest Slide Since 2013
	It is an odd moment for gold to be tumbling. One of the oldest and most-trusted. . . .Justina Vasquez and Ranjeetha Pakiam

The week before last, Gold dropped $82, while last week, the Gold price increased $105 per ounce. Last Monday, Gold reached a low of $1,575 per ounce and by Friday, Gold hit a high of $1,691. Concerns about the impact of the coronavirus on the world economies is driving the financial markets crazy. The Dow Jones Industrial Average has dropped 12% during the same two-week period, and appears to want to move lower.

Gold, as it suffers through the current liquidity crisis in the world’s financial markets, ended last week at $1,671 per ounce, up $153 (10%) since the beginning of 2020. Gold is clearly on track to move above the key $1,700 per ounce resistance level soon. The only questions I have are how badly the coronavirus and liquidity problems will affect the Gold price in the short term, and the world’s economies, global trade, and the monetary systems in the long term.

As the price of Gold continues to move toward a new all-time high (I predict over $1,920 next year) while central banks around the world can’t stop cheapening the value of their currency, I can’t stop worrying about what could happen. My readers should be concerned about government Gold reportability, buying limitations or confiscation. Therefore, I strongly recommend clicking on the above link entitled “Gold Confiscation – Could It Happen Again?”

Today: Gold reached a high last night in Asian trading of $1,702 per ounce, the first time in over six years that Gold broke above the important $1,700 level. Then, the world’s equity and bond markets sold off on worsening Coronavirus news and Gold saw a low of $1,657. A weaker U.S. Dollar (under 95) is helping to support the Gold price as it stabilizes around the $1,670 per ounce level.

As many of you know, I chair the Gold & Silver Political Action Committee, the precious metal and rare coin industry’s PAC. As Chairman of the PAC, I talk with state and federal lobbyists, regulators, and legislators on issues that directly or indirectly relate to precious metals and rare coins. Right now, the discussions are focused on limiting the collection of interstate sales tax and stopping the importation and sale of counterfeit coins. Should there be any new proposed regulations or legislation, I will make our clients aware.

After the disaster that hit the Silver price the last week of February, during the first week of March, Silver showed a partial recovery. Silver hit a high last Friday of $17.53, before seeing short-term profit taking. Silver closed the week at $17.22, up $0.88 per ounce for the week. In the face of major selling in the equity markets, Silver needs to hold above $17 per ounce, which is a key resistance level, for professional traders and investors to be buyers. The Silver-to-Gold price ratio is approaching the unbelievable 100-to-1 ratio.

Today: Last night in Asian and European trading when Gold reached $1,664 per ounce, Silver was trading at $16.64 per ounce. Wow, a Silver-to-Gold ratio of 100-to-1. The highest ratio for almost 30 years. At one point last night, Silver reached a low of $16.50 before seeing major bargain buying.