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Alasdair Macleod: Navigating 'crashenomics'
By Alasdair Macleod
GoldMoney, Toronto
Friday, April 4, 2025
President Trump's tariffs are imploding the global credit bubble, destroying everyones wealth. But the wise will see this as an opportunity to stack the ultimate refuge cheaply -- gold and silver.
Due to indiscriminate asset liquidation to pay for mounting losses in equities, gold and silver values fell this week. In European trade this morning, gold was $3,095, down $27 from last Friday's close, but silver was very hard hit at $31.34, down a whopping $2.76. Most of the damage happened Thursday in the wake of Trump's tariff announcement the previous afternoon.
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Unsurprisingly, Comex volumes were exceptionally high, particularly in silver.
Undoubtedly, the reason gold has held up so well is due to central bank bullion demand, absent in the case of silver. Consequently, silver seems set to suffer further volatility, perhaps testing support at its 1-year moving average currently at $30.47.
There are enormous opportunities in a market equity crash, not only by shorting previous highfliers and nimble trading. In the context of precious metals, we should examine outcomes of similar episodes in the past as well as rationally analysing market psychology. ...
For the remainder of the analysis:
https://www.goldmoney.com/
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