At the end of the trading session on Wednesday, February 13th, the markets were jumping with joy, celebrating the fact that for the first time since the coronavirus crisis began, things were beginning to turn around, with new infection cases dropping off in a significant way.
It’s been over five months now since the spectacular yearlong rallies in Gold, Silver, and the miners ended. Gold is the only one to have set a higher high since then.
Stocks, gold, oil, and just about everything else are trending higher, despite the ongoing concerns about the coronavirus, which continues to spread across the globe despite many countries' best efforts to contain it.
Eric Sprott discusses the impact that the spreading coronavirus will have on the global economy and, by extension, the precious metals and the mining shares.
Unfortunately, the news of late has been one bad thing after another, with geopolitical situations around the globe continuing to either deteriorate or simply flounder in their current degraded state, with little to no improvement in sight.