Gold: Planting The Seeds Of Inflation And Food Shortages

NEWS SUMMARY: Precious metal prices traded mixed on safe-haven demand despite a firmer dollar. U.S. stocks rose with oil prices as investors bet the U.S. economy could start to reopen again.

SEEKING ALPHA---"We are seeing a lot of volatility because of some recent fundamental news that just came out...The crisis is unmatched since the 1930s. There is growing pressure to lift restrictions that are choking the economy. We are beginning to see the ripple-effect damage of this economic bomb caused by the pandemic...There are glimmers of hope. Some new testing of a drug, Remdesivir, is showing promise for treating COVID-19....Now we are beginning to see more buyers coming into the gold market...It is a very good level to start buying the market. A buy signal has been activated in gold....You have to understand the difference between the physical and paper markets. The two are separate. The paper market is the futures market and is based on contracts for 100 ounces of gold, supposedly....The physical gold market, however, has now completely separated itself from the paper market. There are a large number of open interest positions in gold, which are looking to take delivery of physical gold through the futures market. COMEX is in a jam because the number looking to take delivery are at record numbers, so they are scrambling to find the gold to meet their obligations....Central bankers can no longer manipulate the price of gold. The world is looking to take delivery of physical gold, which is more than offsetting attempts to suppress the price of gold via the paper market. When hyperinflation hits, it will happen overnight. Be prepared."