Ned Schmidt joined us for a review of the metals markets. As he described it, the 2nd Battle of Britain is underway. This led to a slamming of gold and the pound by the banks in reaction to the British Government’s progression towards Brexit. Ned believes that the banks/The City are sticking it to the leadership as they have been completely opposed to Brexit from the get go. This led US traders to believe that happy days were here again for the dollar and that there would shortly be an interest rate hike. Really? Let’s see how far that goes. Ned believes that prices won’t just recover but that they’ll be going every higher very shortly. So stay tuned!
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