Mottek On Money Special Edition (Wednesday, July 8th, 2020)

Mottek On Money with Frank Mottek
Wednesday, July 8th
Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis: A new gold rush is on as gold hits the highest price in 9 years above $1,800 an ounce and it edges closer to its all time high hit in September 2011. Stocks stage a late rally after a choppy session with the Nasdaq ending at a record high, up 149 to 10,492. The Dow reversed early losses and closed with a gain of 177 points. More tough news on main street with coronavirus cases hitting new daily highs and the national death toll rising to nearly 132,000. 200 year old clothing store chain Brooks Brothers among the latest retailers filing for bankruptcy. Analysis on the economy and the outlook on gold discussed with Axel Merk, President, Chief Investment Officer of Merk Investments, manager of the Merk Funds and Peter Schiff, President, EuroPacific Capital