When stock market suffers, commodity in gold and silver is ready to shine. There are three factors that boost precious metal today.
- China Coronavirus. Worst is yet to come both in China, Japan as well as USA. Economy impact, disease outbreak, and life threat are all there to come.
- Disruption of supply chain like Apple Iphone, electronic products, clothing, drugs, almost all items you can see from Walmart, Target, Best Buy, department stores are tied to China production.
- Potential Inflation. Inflation may rise up due to limited supply of goods.
Thus, today seems to be the day for gold and silver to climb up. This could be longer time investment opportunity for months to come.