The U.S. appears set to kick the proverbial can down the road once more as the House passed a two-year deal to increase the debt ceiling yet again, sending it to the Senate for a vote.
The Precious Metals Week in Review – July 19th, 2019
1. The battle over the U.S. debt ceiling has once again become a Congressional showdown, as was widely expected. The U.S.-China trade war also continues to remain largely unresolved and these two items alone are likely to trigger a significant increase in market volatility in the coming weeks. 2. The seasonally adjusted number of Americans…
The Precious Metals Week in Review – July 5th, 2019
The G-20 meeting appeared to result in a truce between China and the U.S. on the trade front, as was generally expected. Stock analysts eagerly awaited the release of the June Non-Farm Payrolls report on Friday for indications of what the Federal Reserve’s next monetary policy move might be. It was a shortened trading week due to the Independence Day holiday in the U.S.
The Precious Metals Week in Review – May 24th, 2019
The rapidly deteriorating trade relationship between the U.S. and China was of primary focus this week, followed by further deterioration in the Brexit negotiation process in Europe.