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ALERT: Gold Is Getting Liquidated, Here’s What You Must Know

Eurodollar University

# Full Transcript

**Podcast:** Eurodollar University

## Participants

- **Jeff Snider** (Locked On Podcast Network)

## Transcript

ALERT! Gold and silver. Precious metals are getting hammered this week a lot, especially yesterday. Yesterday was ugly. Gold got down to around $4,000 per ounce. Silver was $61, $62 in a couple moments, especially last evening. They've rebounded a little bit today, but only a little bit, which means the downside is still emerging here. And these are the lowest prices we've seen in either gold and silver in quite some time.

And as we go through here, you'll see how big the downturn has gotten to be, which raises a whole bunch of questions, starting with, first of all, what's going on? What's behind the sell-offs here, the latest sell-off here? And more importantly, what can that tell us about all the other stuff that we're interested in? Yes, if you're a precious metal investor, we want to know what's going on with gold and silver and what that means as far as both the short term as well as the long run. And short run, I got to say it. I mean, I've said this before.

I've said this since last fall. We expected this kind of volatility to precious metals. However, even though it's not unexpected, there is still information inside the gold prices and what's behaving, how precious metals are behaving here in June,

especially as it relates to all the other stuff that we've been talking about, especially yesterday. I went over this yesterday. So spoiler alert there. We've got a lot going on in precious metals. Like I said, I think the most important part of it is the signal, the information content that we're getting in the price here and the price action.

But, you know, with gold being down and especially the timing, given the timing of how everything's really shaking out, that first question, I mean, first thing that everybody goes to, especially today, I mean, today the ECB hiked rates for the first time. Is the central bank rate hiking campaign, which maybe got started here, is that the reason why gold is down? I mean, the short run correlation does seem to fit because gold, silver goes back to the near term sell-off that we're experiencing right now.

Now it goes back to last Friday, last Friday payroll reports, hawkish Fed, hawkish ECB, hawkish central banks. Is rate hikes, are our rate hikes to blame for what's going on in gold and silver? Is it reflation? Because we know gold is a safe haven asset. Is the AI bubble, for example, is it starting to really spill over in the general economy? Is China coming back because of it? Is there a trade boom here? Is it reflation that's taking a little bit or maybe a lot out of the safe haven bid for gold and silver?

Maybe that's the reason why gold is down or in combination with rate hikes. Or is it potentially something else? And we'll look at that as well. Plus, we've got other things to cover, what's happening in silver, what that means. And silver is a big one, too, es...

ALERT: Gold Is Getting Liquidated, Here’s What You Must Know

Transcript

Built for investment professionals

Every day you wait, your competitors are finding
edge in conversations you're not hearing.

ALERT: Gold Is Getting Liquidated, Here’s What You Must Know

Transcript

Built for investment professionals

Every day you wait, your competitors are findingedge in conversations you're not hearing.

Every day you wait, your competitors are finding
edge in conversations you're not hearing.