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Monthly Wrap Up

A Volatile Start to the Year for Gold and Silver - Monthly Wrap Up

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It’s only the end of February, but 2023 has already been a crazy year for gold and silver. Precious metals headed up in January, but in the last month gold went back to even on the year with silver falling 10-15 percent. What does the future hold? Host Craig Hemke sits down with David Morgan of The Morgan Report to break down all the gold and silver news you need to weather the ups and downs of a volatile market.

In this edition of The Monthly Wrap-Up, you’ll hear:

  • Will the Fed buckle sooner than anticipated?
  • If “Dr. Copper” continues to go up, will it lend strength to silver?
  • Plus: is there any hope for silver mining shares?

“Does it really matter [what the Fed does]? Somewhat. I read a bank analyst that I thought actually was pretty good. Most of them I don’t agree with totally. And he said you’d have to get the federal funds rate to about 8% to do any good. And that concurs with my thinking that you have to get the yield up to where the real inflation rate is, which is reportedly 6.5-7%. So, if we do two, three, four more [rate hikes], there will be knee-jerk reactions. It’s happened almost every time. And the market says, ‘Oh, interest rates are going up, gold bad;’ gold sells off; silver follows. But that’s usually temporary. Because the truth is, unless you get yield above the true interest rate, it’s meaningless. You’re still in a negative yield situation. ”

To hear David’s full thoughts on this month’s gold and silver news, listen here:

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Since 2008, our customers have trusted us to provide guidance, education, and superior customer service as we help build their holdings in precious metals—no matter the size of the portfolio. Chairman, Eric Sprott, and President, Larisa Sprott, are proud to head up one of the most well-known and reputable precious metal firms in North America. Learn more about Sprott Money.

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About the Author

Our Ask The Expert interviewer Craig Hemke began his career in financial services in 1990 but retired in 2008 to focus on family and entrepreneurial opportunities.

Since 2010, he has been the editor and publisher of the TF Metals Report found at TFMetalsReport.com, an online community for precious metal investors.

*The author is not affiliated with, endorsed or sponsored by Sprott Money Ltd. The views and opinions expressed in this material are those of the author or guest speaker, are subject to change and may not necessarily reflect the opinions of Sprott Money Ltd. Sprott Money does not guarantee the accuracy, completeness, timeliness and reliability of the information or any results from its use.

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