Does anyone want to explain the run up in gold and silver?

[murray t turtle]

The simple answer and correct one is distrust of fiat currency, whether the $US or Euro. It is just paper or electronic zeroes added to your bank account. Zimbabwe and Venezuela are just ahead of the times.

%%
Jim Rogers said he likes US $$, but its a flawed currency. Larry Bates the former TN State Rep + gold + sliver dealer; said paper money is like buying a bag of coffee, giving the cashier the coffee + you taking the coffee label home LOl-LOL

 

[padutrader]

So.... the bottom line is that nobody knows, except through assignments of probabilities as in the post above (by Theory..)....

no my mistake
if stocks go down, then gold will also follow stocks, meaning it will go up for a bit and then it will fall.
this is the time when there will be panic because everything will follow stocks

 

[padutrader]

The Fed cant allow the collapse of the currency because that would effectively end them

that is the golden truth.

what ever you do, do not bet against the government

Fed has to increase interest rates at some point but that may not bring about a crash.....such action may suggest to the markets that the economy is becoming better and send stocks higher.

in the end markets do what they want to

 

[murray t turtle]

The move today had more to do with unexpected very weak PMI readings and a record-low on the 30 year treasury (it's never been lower in history). At this point, looks like Fed will be forced to cut, virus or no virus. Fed cuts, even in the greatest economy ever, are good for gold.

%%
That;
+ gold + silver are in a long term uptrend. And as Bunker+ Bro Hunt said as he was buying silver ''any f**l can run a printing press'' LOL. And both have been money + exchanging a lot longer than US dollar...............................................................................................

 

[GuerrillaTrading]

metals were due to run up regardless of any current events and have been in a bottoming process for 6 years before breaking out last summer. It's just trend continuation now... on the flipside who in their right minds would think that the equity markets weren't due for a correction likewise? All in due time....