US Stocks Go Parabolic

Precious Metals Commentary (week ending 7th February 2020)

The metals eased as markets accepted the official coronavirus numbers, with gold lower to $1,565 and silver to $17.80. A RBA rates hold pushed the AUD higher to 0.673 and the local gold price down to $2,326, with silver at $26.70. 

This week we discuss: 

  • Crazy parabolic US stock prices that are disconnected from company sales/earnings 
  • Crowd sourced gold & silver price forecasts from expert analysts with a good track record

Read the full report by ABC Bullion's John Feeney and Bron Suchecki here.

Tesla vs South Sea Company (1720) vs Bitcoin (2017) Chart