Gold and silver showed strength this week as the Federal Reserve nudged the Fed funds rate 25 basis points higher and various equities in the US stock market reached bear market territory. Silver spot price appears to be closing the week around $14.70 oz, while gold spot price should close near the $1,260 US dollar per troy ounce mark.
With us this week is a returning guest to the podcast... topics discussed include the recent Fed funds rate increase, the recent rollover in major US stock values, what is in store for the US dollar and gold in the year to come. The US real estate market, and finally a micro level discussion on Elon Musk and Tesla.
Dave Kranzler spent many years working in various Wall Street jobs. After business school, he primarily traded junk bonds for a large bank. Dave graduated from Oberlin College with majors in Economics and English and he also has an MBA from the University of Chicago, with a concentration in accounting and finance. Currently, he co-manages a precious metals and mining stock investment fund in Denver. He has nearly thirty years of experience in studying, researching, analyzing and investing in the financial markets. His daily articles can be found at his site, Investment Research Dynamics.