From the Wall Street Journal:
Ontario, and possibly all of Canada, is likely heading into another lockdown starting this Easter weekend. If this does occur at the same time other countries around the world enter new lockdowns or are already in lockdown, the probability soars of a repeat of the rally in precious metals and miners following the March 2020 lows. Back then the combination of massive fiscal and monetary stimulus ($3 trillion in three months), rising inflation expectations, falling real yields, and most importantly, the closure of refineries and mines around the world sent Gold, Silver, and the miners to new highs and a new record high in Gold. I would not be surprised to see the exact same thing happen this time around, perhaps even more so, with rumors that several of the major Mints around the world will close during the lockdown. Should that occur, demand would soar for the physical metals while supply virtually disappears. Economics 101 tells us that prices would exp