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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…

The Precious Metals Week in Review – February 24th, 2023

The Precious Metals Week in Review – February 24th, 2023

1. Stock investors that have turned too optimistic about the economic outlook are setting up for disappointment, according to JPMorgan Chase strategists. Wall Street traders refrained from making any huge bets in the run-up to the highly anticipated minutes of the Federal Reserve’s latest policy gathering, with stocks, bonds, and the dollar posting small moves.…

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

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

1. The global economy and financial markets are at a crossroads. After a year of grappling with rampant inflation that spurred central banks to embark on their most aggressive tightening campaign in decades, some investors are starting to see the possibility of a soft landing that avoids a brutal recession. But policymakers warn that they…