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Today’s gold and silver news provides some answers to why—why precious metals performed as they did during the first week of August—why gold is staying steady over $2K/ounce—3 reasons why gold is riding high these days—why “Fed bugs” despise gold—and more.
Let’s dig in…

Special : 6 Things To Watch This Week ([link removed])

Stock Market
Yesterday in Gold, Silver, Platinum & Palladium – a Retrospective
On the HoweStreet.com blog you will find a detailed retrospective on the performance of precious metals through the first week of August. It’s a daily play-by-play that includes graphs and charts. You may find the writer’s insights helpful with your investing plans.
SEE THE AUGUST 2020 METALS REPLAY ([link removed])
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Price
Gold Stays Steady Thanks to Virus Fears, U.S.-China Tensions
The price of gold stayed the course on Monday the 10th of August after falling like a rock the previous session, as worries continued over the coronavirus and the increasingly tense relationship between China and the United States. The yellow metal’s safe haven status kept its appeal shining. Gold fell more than 1.5% on Friday after hitting a record high of $2,072.50, as the U.S. dollar gained a little bit of strength. More than 19.73 million people have been reported…
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Commentary
3 Reasons Why Gold is Rising High These Days
The stock market has been on a crazy ride of it’s own, which has ties to what’s going on with gold now. The yellow metal has been on a tear since the coronavirus took over the world, reaching a new high in the process. Why is this happening? According to Jordan Jackson, market analyst at J.P. Morgan Asset Management, there are three explanations to the surge in both commodities and precious metals like gold: 1. A Hedge Against Volatility: Jackson starts with gold still being viewed as a safe haven asset. “Markets have been quite volatile this year, and therefore gold has been a good asset class to be invested in.”

SEE THE OTHER TWO REASONS WHY GOLD IS RISING ([link removed])
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Stock Market
The Robinhood Factor with Gold & Silver – Here’s an Update
Three weeks ago, Lawrie Williams published an article on the Sharps Pixley website called Gold and Silver Booming as Robinhooders Start to Pile On. He recently updated his article with some new insights and adds some additional points on some specific stock recommendations.

READ LAWRIE’S LATEST ARTICLE ([link removed])

Commentary
Why Fed Bugs Really, Really Hate Gold
From the Mises Institute new wire: Judy Shelton, a Trump nominee to the Fed Board of Governors, may not have coined the excellent term “Fed bug,” but she used it to delicious effect in this 2019 Financial Times interview: “People call me a Goldbug, and I think, well, what does that make them? A Fed bug,” she says. Can anyone the New York Times attacks this dishonestly be all bad?

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Commentary
Gold is the Glittering Prize Once Again
Tom Stevenson reports why he is happy to have a small proportion of a well-diversified portfolio sheltered in this traditional port in the storm. Stevenson writes, “There are few advantages to getting older. But one undeniable plus is the perspective it provides. This is particularly important for investors because while the market history does not repeat itself, it certainly rhymes…

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Gold Silver Central

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