Gold prices hit a more than seven-year high on Monday as a stock market rout on concerns over the widening coronavirus outbreak and its economic impact drove investors to safe-haven assets, although profit taking later unwound much of the metal's rise. Read more on GoldSilver news - Blogspot

There has been a lot of misinformation circulated in the mass financial media as always, this time regarding the reasons why gold and silver prices have spiked recently. Almost all mass media financial outlets have posed the question, “How long the ‘coronavirus-based’ gold and silver price spike can last?” Asking this question is conflating correlation and causation, a mistake frequently made by the mass financial media. For weeks, I have been stating that gold and silver prices were basing for a significant price spike higher on my skwealthacademy news site, even writing two months ago that gold and silver prices were readying to bounce higher soon. So the fact that gold and silver prices spike higher during recent growing concerns of the coronavirus spreading outside of China does not make it the primary reason why gold and silver prices have indeed spike. This would be like stating that, because a migration of thousands of geese took place over Seattle during a large 8.0 magnitude earthquake, that the correlated event of migrating geese was responsible, and not shifting tectonic plates, for creating the earthquake. Can you imagine the ridicule such “news” establishments would receive if they ran headlines stating “How many aftershocks will continue based upon the continuing geese migration?” Yet, the mass media always receives a pass for horrible journalism. As my skwealthacademy patrons know, I have been recommending them to buy gold and silver since gold was $1,180 an ounce and silver slipped below $14 an ounce in Q4 2018. Did the yet unknown coronavirus cause gold and silver prices to rise since these prices all the way up to the end of this month? Read more on Maalamalama

Volatility runs rampant through the equities markets as the fears of the Coronavirus continue to grow in regards to supply chain disruption.  Read more on Silver Liberation Army - Blogspot

(Reuters) - U.S. stock markets tanked and the Dow Jones Industrials shed more than 800 points on Friday, as the global tally of coronavirus infections surpassed 100,000 and jittery investors took cover in the perceived safety of bonds and gold. Read more on Reuters

After some nervousness exhibited among gold and silver holders last week after gold and silver prices sharply spiked higher to begin the week and then quickly spiraled downward, future expectations for gold and silver prices were unclear for many investors. With another week of price behavior under our belts, future expectations for gold and silver have regained clarity and rationality as well. Gold and silver prices, particularly gold, have rebounded nicely this week, with gold only down $10 an ounce as I write this sentence from its peak price last week before it was smashed downward. The smash in gold and silver prices last week, in light of admissions from Barclays, Deutsche Bank, and JP Morgan bankers of manipulating gold prices lower in recent years, had the fingerprints of another artificially orchestrated smash all over the pullback in prices and had many in the gold and silver community overly concerned about their future expectations for gold and silver price behavior. Read more on Maalamalama

How bad economically will the Covid19 virus crisis get? Martenson points out, “One in eight companies are so-called zombie companies.” Meaning, they have to keep borrowing cheap money to stay in business.  Read more on Gold Silver Liberty - Blogspot

...in either case we expect central banks to return to the 2008 playbook soon...this should be very positive for gold.
[...] At the same time, this should be very positive for gold. Despite the near-term deflationary effects from lower commodity prices, we expect central banks to quickly return to the financial crisis playbook by slashing rates and deploying some form of Quantitative Easing (QE) or more direct form of stimulation (helicopter money). This would propel gold prices sharply higher over the medium term. Read more on Zerohedge

Is gold a commodity, an investment, or money?
Gold is a chameleon. It changes in response to the environment. At times, gold behaves like a commodity. The gold price tracks the ups and downs of commodity indices. At other times, gold is viewed as a safe haven investment. It competes with stocks and bonds for investor attention. And on occasion, gold assumes its role as the most stable long-term form of money the world has ever known. Read more on Zerohedge

Sparked by a tidal wave of uncertainty surrounding the continued spread of the coronavirus, safe haven assets, such as gold and silver bullion continue to move higher, with the king of metals reaching a seven year high throughout Thursdays trading session.This was the third straight day of gains for gold bullion, as it reached as high as $1623 an ounce at one point, before dropping down slightly lower. Read more on Gold Silver Liberty - Blogspot

Gold prices dipped on Thursday after China unveiled measures to soften the economic impact of the coronavirus outbreak, but the metal held close to a nearly seven-year peak scaled in the previous session as concerns over the epidemic prevailed.Spot gold was down 0.3% at $1,606.62 per ounce, as of 0749 GMT. U.S. gold futures dipped 0.1% to $1,609.60.“It seems to be a bit more corrective mostly because ... Read more on Gold Silver Liberty - Blogspot