Hoye discussed the overbought rally in gold and U.S. dollars, expecting a correction. In a recession, liquidity will drive bids for both, but no huge price moves are expected.
Maharrey interviewed Ed Steer, a gold and silver analyst with nearly 30 years of experience. Steer discussed market manipulations, supply-demand, and future prices.
Dangers loom for stock market investors. Physical precious metals will continue to serve as a safe haven from risky financial assets and the ongoing depreciation of the U.S. currency.
We’re already seeing the impacts of tighter monetary policy rippling through the economy with corporate bankruptcies through the first half of 2024 at the highest level in over a decade.
Williams says there is no GDP growth year-over-year adjusted for inflation. The gold and silver bull markets could remain solid on continued inflation concerns.
If housing prices don’t budge, neither will core services inflation. Barring some collapse in food and energy prices, that means overall inflation can’t fall much more from here. This is as good as it gets.
