POG reaches US $2070/oz, $2868/oz AUD, page-37

Big Picture Gold-Silver Market Factors: *Bullish factors include (1) highly stimulative monetary policies by the world's key central banks to prevent systemic stress in the global financial system and combat the economic damage from the Covid pandemic, (2) low global bond yields, which boost demand for gold as a store of value, (3) low global inflation that is dovish for central bank policies, (4) fund buying of precious metals with long gold and long silver positions in ETFs at all-time highs, and (5) safe-haven demand due to the Covid pandemic, trade tensions, end-2020 Brexit risks, and global geopolitical risks involving Iran, North Korea, and Venezuela. * Bearish factors include (1) fears of long-term deflation due to the massive economic damage from the pandemic, and (2) sharply reduced industrial metals demand, including for silver, due to the plunge in global economic activity from the Covid pandemic.note bond yields been ticking up a bit of late