Several quick observations here. First, it is clear that the metals and miners have been tracking stocks lately. Both are waiting for the Fed and the U.S. Treasury to announce a combination of substantial monetary and fiscal stimulus. Basically, helicopter money.
The coronavirus, as many health experts are now stating, is beyond the point of containment in North America, if not the entire world. This is unfolding in real time, and as I have said for over a month now, the economic ramifications will be of historic proportions.
If you're a regular reader of these pages, you may recall that we've been documenting the ongoing fraud of "Exchanges For Physical" for the past several years. With trading volumes surging during these turbulent times, EFP use is surging again, too. Thus it's time for an update.
Eric Sprott discusses the devastating impact the coronavirus is having on the global markets, including for now the precious metals and the mining shares.
Calvin Ayre argues that the recent Genesis “hard fork” provides Bitcoin SV with the scaling potential that enables it to function as a global currency.
Eric Sprott discusses the global economic impact of coronavirus, the surge in gold prices and some of the recent earnings reports from the mining sector.
