Precious Metals
On the road again
On the road again

People are figuring out that the worst has passed. Although official reopening orders are still few and far between, there’s mounting evidence that the Great Shutdown has ended (22 states now meet the reopening criterion of 14 days of declining new cases, and 29 states meet the criterion of a 14-day downward trajectory of positive test result percentages), and people are rather quickly beginning to get out and about. Equity markets worldwide figured this out over six weeks ago, in fact.
Here’s a collection of charts that document the reopening based on statistics and key financial market indicators:
Chart #1 shows the amount of motor gasoline supplied to the retail market, with the latest datapoint being May 1st. Based on the recent surge, we can infer that people are spending about 30% more time on the road and out and about in just the past three weeks. That matches the impression I got while spending an hour or so on the freeway the other day. The wheels of commerce are spinning up and animal spirits are once again on the move after being shuttered for over a month.
Chart #2 is a timely indicator, compiled and released every day by Bloomberg, of the overall health of the US financial market. Conditions hit bottom right around the time the equity market bottomed, and have since surged in what can correctly be called a very V-shaped recovery. The recession we’ve been living through will no doubt be the most violent and short-lived of all time.

De-Dollarization Accelerates, Launching Gold and Bitcoin Higher into a Massive Bull Cycle for Hard Money
It has been an interesting few weeks with U.S. banks collapsing and the Fed stepping in to rescue what would have likely been a contagion run on the banks…
It is Risky to be Out of Gold Market Now
Gold is on the cusp of a major breakout from its super-bullish cup and handle pattern. The measured upside target is $3000/oz, and the log target is…
ASX Small Caps Lunch Wrap: Who’s feeling hungry for a MAMMOTH ball today?
The ASX200 has been trending up this morning, following in the footsteps of Wall Street. Meanwhile, what’s for lunch? Giant … Read More
The post ASX…
-
Companies22 hours ago
P2 Gold Gabbs Update
-
Companies20 hours ago
Five Gold Stocks to Purchase Amid Bank Failures
-
News Releases22 hours ago
Sandfire Resources America Announces Appointment of Chief Executive Officer and Chief Financial Officer
-
Precious Metals13 hours ago
De-Dollarization Just Got Real
-
Financing News9 hours ago
Canterra Minerals Announces Private Placement
-
Companies16 hours ago
Lithium demand is projected to increase 500% by 2050
-
Energy & Critical Metals18 hours ago
US and Japan Sign Critical Minerals Trade Agreement
-
News Releases18 hours ago
AbraSilver Reports Further High-Grade Results at the JAC Zone; 2,320 g/t Ag over 4.0 Metres and 233 g/t Ag over 45.5 Metres in Oxide Mineralization