Dave Kranzler: Powell’s Wrong About Banking Sector ‘Soundness’

Yesterday the Federal Reserve raised interest rates another 25 basis points, while Fed chairman Jerome Powell talked about the soundness and stability of the banking sector.

Of course, the only problem with that proclamation is that the banking instability continued shortly after his press conference, with Pacwest Bancorp down over 50% today, while many of the other regional banks have also sold off sharply.

So in today’s report with Dave Kranzler of Investment Research Dynamics Dave talks about 2 potential triggers that will negatively impact the stock market, and provide a boost to the precious metals markets. He digs into JP Morgan’s recent deal with First Republic Bank, comments on the upcoming debt ceiling negotiations, and also talks about the recent changes to the Mexican mining laws.

To find out more, click to watch this video now!