Big Banks Call for Recession and Possible Stock Market Crash

First published by Money Metals Exchange here:
https://www.moneymetals.com/podcasts/2022/05/20/big-banks-call-for-recession-and-possible-stock-market-crash-002530

The converging forces of price inflation and economic contraction continue to weigh on asset markets. The Dow Jones Industrials got clobbered by 1,000 points on Wednesday and is headed for its eighth weekly loss in a row.

The Politics of Sound Money: What’s at Stake

First published by Money Metals Exchange here:
https://www.moneymetals.com/news/2022/05/16/the-politics-of-sound-money-whats-at-stake-002529

An occasional critic will ask that we “stick to our lane” and limit commentary to metals and the markets. They would prefer we avoided politics. When it comes to gold and silver, that is easier said than done. There is no separating the metals markets from the world affairs motivating people to buy physical bullion.

The War on Gold Ensures the Dollar’s Downfall

First published by Money Metals Exchange here:
https://www.moneymetals.com/news/2022/05/12/the-war-on-gold-ensures-the-dollars-downfall-002527

Last month was the 89th anniversary of one of America’s biggest blunders on her descent from honest, sound money into weaponized political money: Executive Order 6102. Signed on April 5, 1933, U.S. President Franklin Delano Roosevelt required all persons holding more than five ounces of gold to deliver their “gold coin, gold bullion, and gold certificates, now owned by them to a Federal Reserve Bank, branch or agency, or to any member bank of the Federal Reserve System.”

Take Advantage When Markets Succumb to Fear

First published by Money Metals Exchange here:
https://www.moneymetals.com/news/2022/05/09/take-advantage-when-markets-succumb-to-fear-002526

Last Wednesday’s rate hike by the Federal Reserve failed to convince investors that the central bank can tame inflation without wrecking the economy. Subsequent remarks by Jerome Powell insisting that the economy isn’t vulnerable to recession were also unconvincing – especially given the Fed chairman’s lousy forecasting track record (“transitory” inflation has proven to be more like intractable inflation).

Stagflation Drags Down Stock Market

First published by Money Metals Exchange here:
https://www.moneymetals.com/podcasts/2022/05/06/stagflation-drags-down-stock-market-002525

As turmoil in financial markets unnerves investors, a larger economic crisis may be starting to unfold. The Federal Reserve’s first steps toward tightening monetary policy are exposing vulnerabilities in the highly leveraged economy. The Fed spent years injecting the economy with artificial stimulus. Now it is trying to take that stimulus away without causing a crash.

Following the Fed’s Hike, Which Markets Have Legs?

First published by Money Metals Exchange here:
https://www.moneymetals.com/news/2022/05/05/following-the-feds-hike-which-markets-have-legs-002524

Markets responded to the Federal Reserve’s widely anticipated 50 basis-point rate hike yesterday by rallying. Investors breathed a sigh of relief when Fed chairman Jerome Powell said a 75 basis-point future hike is off the table. Virtually all asset classes – stocks, bonds, commodities, cryptocurrencies, and precious metals – moved higher by the end of the day. The question for investors is which rallies are sustainable – and which ones aren’t.

Crooked Banks Avoid Prosecution for Market Manipulation

First published by Money Metals Exchange here:
https://www.moneymetals.com/news/2022/05/02/crooked-banks-avoid-prosecution-for-market-manipulation-002522

Price rigging in the metals futures markets remains a hot topic among gold and silver bugs. They are frustrated by what appears to be a cap on prices despite the overwhelmingly positive fundamentals. Inflation is at 40-year highs and the geopolitical landscape is fraught with uncertainty, yet gold and silver prices remain stuck in the range where they have traded for most of the past two years.

Markets Move Wildly on Rate Hike, Recession Fears

First published by Money Metals Exchange here:
https://www.moneymetals.com/podcasts/2022/04/29/markets-move-wildly-another-state-removes-taxes-on-gold-002521

The strange phenomenon of a rising Dollar Index continued to exert downside pressure on precious metals markets this week. Gold prices are down 1.2% since last Friday’s close to come in at $1,915 per ounce. Silver shows a weekly loss of 4.8% to trade at $23.25 an ounce. Platinum prices are up now by 1.0% thanks to a rally here today and come in at $940. And finally, palladium checks in at $2,339 per ounce after falling 3.6% for the week as of this Friday morning recording.