Looks like hedge fund manager Kyle Bass was right with his prediction of $6 trillion in bailouts/stimulus because tonight at the White House press conference Larry Kudlow said that a combined $6 trillion of stimulus and bailouts would be issued by CONgress & the Federal Reserve.
Trump says nation can see “light at the end of the tunnel” as Washington pushes $6 trillion stimulus https://www.cbsnews.com/amp/news/watc…
In the last 24 hours the paper gold price has had an incredible amount of volatility. Gold was around $1,480/oz only about 24 hours ago. Today, Tuesday, March 24th 2020, it got as high as $1,689.8/oz before getting smashed down before the close.
Huge spreads occurring in gold prices https://www.kitco.com/news/2020-03-24…
Global Gold Price Markets Broken & Record U.S. Mint Gold & Silver Eagle Sales https://www.zerohedge.com/news/2020-0…
However, after Kudlow’s statement is being absorbed by the reopened gold and silver markets in Asia, gold and silver are rallying again.
So how soon before $2,000/oz gold and $30/oz silver?
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