Silver and the Miners Wait Patiently for Gold - David Brady (13/12/2019)

Dec 13 16:12 2019 Print This Article

December 13,2019

The Fed surpasses expectations for more QE

to address potential liquidity issues in the repo market around year-end. This

means interbank funding issues are getting worse, requiring ever more stimulus.

Meanwhile, Trump announces a phase one trade deal with China “in principle”,

which means nothing substantive has been agreed whatsoever. Yet, the stock

market eats it up and we head to new highs. Meanwhile, the bond market takes a

hit, with the 10-year yield rising back up to 1.95%.

It is no surprise that Gold, despite

setting a marginal higher high yesterday, ended the day near its low.

Silver didn’t fare much better, although it

did close up slightly for the day and relative to the previous close.

Miners did not escape the pain but still

continue to outperform the metals. The clear standout recently has been SILJ,

Read More

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Sprott Money

Established in February 2008, Sprott Money Ltd. is a leading precious metals wholesale, institutional and retail dealer selling gold, silver and platinum bars, coins and wafers online and over the phone. Sprott Money's storage program gives clients the ability to store their precious metals in multiple storage facilities located in Canada, the United States and internationally. Sprott Money Blog, which covers world events, geopolitics and of course precious metals.

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