Wednesday , June 23 2021
Home / Jay Taylor /COVID-19 Leads To Decline

COVID-19 Leads To Decline

Summary:
This was clearly a risk off week with T-Bonds gaining along with both the number one and number two monetary metals showing strength. Indeed, silver is now beginning to gain relative to gold, which is usually the case as the bull market in precious metals starts to kick in to a higher gear. The main reason given for the equity markets decline this week was the surge in COVID-19 in southern states in the U.S.  But I have to also wonder if there might not be some growing consternation over prospects of a Biden election with any number of Marxist vice-presidential candidates waiting in the wings for their selection. Just imagine for a moment prospects of a Kamala Harris presidency along with Democrats controlling both houses of the legislature. I’m not sure why growing prospects for that

Topics:
Jay Taylor considers the following as important:

This could be interesting, too:

Mises Institute writes Auberon Herbert: «Rechazar la imposición en todas sus formas»

Mises Institute writes Medical Staffing and the Revolutionary Innovations We Need

Mises Institute writes Can Economics Save Medicine?

Mises Institute writes Explaining Malinvestment and Overinvestment

COVID-19 Leads To Decline

This was clearly a risk off week with T-Bonds gaining along with both the number one and number two monetary metals showing strength. Indeed, silver is now beginning to gain relative to gold, which is usually the case as the bull market in precious metals starts to kick in to a higher gear.

The main reason given for the equity markets decline this week was the surge in COVID-19 in southern states in the U.S.  But I have to also wonder if there might not be some growing consternation over prospects of a Biden election with any number of Marxist vice-presidential candidates waiting in the wings for their selection. Just imagine for a moment prospects of a Kamala Harris presidency along with Democrats controlling both houses of the legislature. I’m not sure why growing prospects for that kind of scenario wouldn’t be affecting longer-term money put into the stock market as all the polls seem to be suggesting a likely Biden victory.

With just two more trading days left in the month of June, the average gold price for the month is $1,728.46 compared to the May average price of $1,716.38. The 20-month average gold price as of this weekend was $1,452.54 and the 40-month average price is $1,361.72. I like to publish my average gold price chart because if you are a gold bull it is a beauty to behold. As you can see, at $1,728.46, gold is approaching its peak average monthly price of $1,771.38 in September 2011. And this strong gold price is doing wonders for the gold shares covered in this portfolio, evidenced by our Model Portfolio, which is now up 13.82% on the year compared to a loss of 6.86% for the S&P 500.

Leave a Reply

Your email address will not be published. Required fields are marked *