Posted by Neil Hague - memes and headline comments by David Icke Posted on 7 May 2023

Epic Fail as Fed Chairman Powell Claims Banks “Safe & Sound”

Gold & Silver Continue Building Strength as New High Challenged

Welcome to this week’s Market Wrap Podcast (listen below if you don’t want to read), I’m Mike Gleason.

As more cracks in the foundation of the banking system appear, gold prices have once again been knocking on the door of new records, although we’re seeing a pullback here on Friday.

On Thursday, gold rallied up to $2,060 an ounce – nearly reaching its former all-time high. As of this Friday recording, the monetary metal is giving back a chunk of this week’s gains, but still comes in at $2,027 and is holding onto a 1.3% gain so far this week.

Turning to the white metals, silver has also pulled back here today and shows a weekly gain now of just 2.3%, bringing spot prices to $25.89 per ounce. Platinum, which was already lagging this week, is off 2.2% to trade at $1,073. And finally, palladium is down 1.7% on the week to trade at $1,537 per ounce.

Industrial metals along with most other commodities slipped this week on banking and recession fears.

Read more: Epic Fail as Fed Chairman Powell Claims Banks “Safe & Sound

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