Gold & Silver eye higher price levels as Fed fumbles

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Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason.

Coming up don’t miss our exclusive interview with Axel Merk of Merk Investments. Money Metals’ Mike Maharrey and Axel breakdown the all-too-important Fed statement from this week, discuss why the central bank’s projections and economic outlook should almost never be trusted, whether the narrative of a soft landing is accurate one, and why Axel believes people have it all wrong when it comes to the price of gold.

The role I see myself in as an asset manager is in managing risk. And so I ask myself what could possibly go wrong? And that is both on the downside and on the upside, whichever market that you're looking at. And historically, when the Federal Reserve is in a tight environment, they succeed in getting the economy into a recession. Historically, the Federal Reserve then has to react more sharply than they otherwise would, than they had planned previously.

 

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