Epstein covers the Federal Reserve's current stance, highlighting Kevin Warsh's comments that market forces will dictate interest rates, leading to a surge in gold prices...
According to Kitco, China's gold imports reached a 26-month high in May and are up 76% year to date, emphasizing robust physical demand from the world's largest gold market.
Ira Epstein discusses the current rally in stock indices and metals, attributing it to decreased tensions between the US and Iran, which have halted hostilities.
With a bear trend in bullion over the last three months, I believe the world is looking for indications of a restarting bullish trend in bullion and/or hints of a bottom formation.
The FDIC explicitly highlights the risk, noting that, in an economic downturn, shadow lenders may need to sell assets, putting downward pressure on asset values.
