As of 5AM EST, gold broke through $900/oz and is at $911/oz. Silver is at $16.47/oz. One year ago gold was $628/oz and silver was at $12.5o/oz. These are enormous movements.
Gold and silver are telling an important story here. It's reacting to the destruction of fiat currencies due to the enormous amount of monetary inflation by central banks. While it's possible that an economic recession could trigger monetary deflation as debt money disappears, the rise in gold and silver suggest the market believes central banks will print money as fast as they can to prevent monetary deflation.
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