The precious metals space suffered a precarious dip late last week – slightly disappointing, given that gold has been recovering nicely since December. If I were to hazard a guess, the main culprit was the rebound in Treasury yields (TLT).
It’s happening again.
Even before the conflagration occurred in Washington DC last week, retail demand for gold and silver had been rising sharply since late last year.
Add last week’s extraordinary events to the mix – fear of what the incoming Biden presidency will do, aggressive crackdowns by social media giants, and calls for a last-minute impeachment of President Trump – and we’re now seeing skyrocketing demand for just about everything sold at MoneyMetals.com,