Wednesday, January 27, 2021

Tag: Silver and COVID-19

Silver and COVID-19, Capitalism’s Black Swan

by Darryl Robert Schoon, via Silver Seek:

Regarding today’s markets and gold and silver, on April 15th,  Sandeep Jaitly wrote:

COURSE OF THE EXCHANGE

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Metals update: backwardation or not?

Over the past few weeks and months, there have been seismic changes in the way people are thinking of markets – and the concept of markets – generally.

As evidenced by movements in the Federal Reserve’s sale and repurchase facility from last September, which has resulted in the TARP balance sheet reaching a record of $6,000bn and at a record rate of over $630bn/month since the year began, there are ‘issues’ with all markets – in as much as markets are markets with ‘monetary’ fiat.