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The Precious Metals Week in Review – April 28th, 2023

The Precious Metals Week in Review – April 28th, 2023

1. Two key gauges showed persistent U.S. inflation pressures in recent months, buttressing the case for another Federal Reserve interest-rate hike next week. The personal consumption expenditures price index excluding food and energy, the Fed’s preferred measure of underlying inflation, rose 0.3% in March from the prior month and 4.6% from a year earlier, a…

The Precious Metals Week in Review – April 21st, 2023

The Precious Metals Week in Review – April 21st, 2023

It is relatively common that what should be recognized as a warning flag of major trouble is often ignored until things get so bad that it is almost impossible not to notice.

The Precious Metals Week in Review – April 7th, 2023

The Precious Metals Week in Review – April 7th, 2023

1. It was a shortened trading week due to the timing of the Easter holiday this year as most markets were closed for Good Friday. Next week will also be a relatively short trading week, as some markets will be closed on the Monday following Easter. 2. In the U.S. this week, former President Donald…

The Precious Metals Week in Review – March 17th, 2023

The Precious Metals Week in Review – March 17th, 2023

1. Silicon Valley Bank’s collapse reverberates in global markets. Trading has been halted in First Republic Bank Monday morning after shares dropped by a record 67 percent before the market opened. This is after Joe Biden claimed, “US banking is safe”. The San-Francisco-based bank, whose clientele includes Mark Zuckerberg saw its share price plunge from…

The Precious Metals Week in Review – March 10th, 2023

The Precious Metals Week in Review – March 10th, 2023

1. A “perfect storm” is brewing, and markets this year are going to get hit with a recession, a debt crisis, and out-of-control inflation, the economist Nouriel Roubini said. Roubini, one of the first economists to call the 2008 recession, has been warning for months of a stagflationary debt crisis, which would combine the worst…

The Precious Metals Week in Review – March 3rd, 2023

The Precious Metals Week in Review – March 3rd, 2023

1. There’s something of a ritual performed each time Federal Reserve Chair Jerome Powell speaks to the press: A reporter asks Powell about financial conditions; he says they’ve tightened a lot; the Wall Street crowd snickers. To them, the notion seems ludicrous. Notwithstanding the selloff over the past few weeks, markets have rallied in start-and-stop…