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POSTED ON May 26, 2023  - POSTED IN Friday Gold Wrap

The debt ceiling “crisis” is coming to a head.  We’re pretty confident Republicans and Democrats will strike a deal and raise the debt ceiling. That’s supposed to solve the problem. But Friday Gold Wrap podcast host Mike Maharrey says the solution is the problem. In this episode, he also offers some bullish perspective on silver.

POSTED ON May 24, 2023  - POSTED IN Original Analysis

The debt ceiling fight is getting down to the wire. In a letter to Congress on Monday, Treasury Secretary Janet Yellen said that without a debt ceiling increase, it was highly likely the government wouldn’t be able to meet all of its obligations by “early June, and potentially as early as June 1.”

Despite the drama, I still expect Congress to get a deal done. And that’s when the real problems begin.

POSTED ON May 23, 2023  - POSTED IN Exploring Finance

The technical analysis last month highlighted the mixed environment at the time:

The indicators are once again giving some mixed signals. The price action is definitely needing further consolidation. However, other indicators suggest a market that is just getting started. … Either way, downside does seem limited at this point, especially considering all the bad news has been priced in.

The pullback from recent highs is still a healthy correction after the price action got a bit ahead of itself. So, how much more downside can we expect? Let’s look at some of the data.

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