Gold Podcasts

Fears of bank runs precipitating a broader financial crisis helped spark a surge in bullion buying this week. The collapse of Silicon Valley Bank represents the second largest bank failure in history. While Treasury Secretary Janet Yellen insisted this week that the banking system is sound, many banks clearly are not in sound financial shape.
     

As the Fed signals further rate hikes ahead, precious metals markets are probing for support levels. Metals markets struggled after Federal Reserve chairman Jerome Powell delivered testimony to Congress.
     

Precious metals markets are attempting to stage a rally this week off oversold conditions even as investors remain skittish over rate hikes. Multiple Federal Reserve officials came out and suggested they favor additional interest rate hikes while inflation readings continue to come in hot. Some analysts are calling for a return to 50 basis point hikes. But markets continue to anticipate a pause by the summer.
     

Gold and silver markets drifted lower again this week as investors braced for additional Fed rate hikes to come. On Wednesday, the Federal Reserve released the minutes from its latest policy meeting. Policymakers agreed on the need for additional increases in interest rates. They settled on just a 0.25% bump up at their last meeting. But some dissenters called for a larger 0.5% hike.
     

As investors digest the latest readings on inflation, employment, and consumer spending, precious metals markets are wavering on fears of further rate hikes. Inflation continues to run well above the Federal Reserve’s 2% target.
     

Welcome to this week's Market Wrap Podcast, I'm Mike Gleason. As official narratives about a strong economy convince some traders to turn bullish on the U.S. dollar, gold and silver markets are struggling to find solid near-term support levels. Gold prices traded essentially flat for the week through Thursday's close. As of this Friday recording, the monetary metal checks in at $1,865 and is down 0.4% now for the week.
     

As the Federal Reserve winds down its rate hiking campaign, precious metals bulls are anticipating a favorable environment for gains ahead. On Wednesday, Fed policymakers raised their benchmark rate by just a quarter point. Chairman Jerome Powell also delivered remarks widely interpreted by markets as dovish. He suggested the Fed was close to declaring victory over inflation.
     

Adam Dubove, cofounder and director of financial consulting firm Ichimoku Fibonacci, contends that the FTX failure does not represent a cryptocurrencies failure. However, he believes the US government will use the company’s failure as an excuse to add new regulations to allegedly protect the victims and create a false sense of security.

Dubove, who has written for the PanAm Post, Cointelegraph, and others, explains that there is an ongoing debate in US Congress regarding crypto regulation. He claims that US congressmen can take a proregulation or procryptocurrencies approach, but in the meantime people are still free to use their preferred cryptocurrency.

The Gold Newsletter podcast is proudly sponsored by Inventa Capital, a premier investment group with a first-rate portfolio of mining companies. Visit Inventa’s website to learn more.

Show notes: https://goldnewsletter.com/podcast/how-ftx-epitomizes-regulatory-capture/

Global elites gathered in Davos this week to discuss their plans for controlling the world economy
     

Peter Hartley, Rice University professor and scholar of energy economics at the Baker Institute, contends that the main reason for rising retail energy prices is an emphasis on so-called green or renewable energy and its political popularity. He explains that Vladimir Putin’s invasion of Ukraine exacerbated a preexisting trend.

Hartley, who has worked on energy economics issues for 35 years, makes the case for nuclear energy by arguing that countries with more nuclear energy have lower energy prices. In contrast, he explains how wind and solar energy correlate with higher prices. Despite this, wind and solar energy are more popular among the population due to a romanticization of renewables.

In our weekly Inventa Capital segment, Cherie Ledeen, CEO of Gold Bull Resources (TSX-V: GBRC), reports on the Sandman Project located in Nevada, United States. Ledeen shares that Gold Bull has already started the feasibility study for the Sandman Project. Further, she reveals that Gold Bull is in talks with two companies regarding merger and acquisition (M&A) opportunities, although she cannot yet reveal which ones.

Show notes: https://goldnewsletter.com/podcast/case-for-nuclear-energy-renaissance/