With the Federal Reserve’s interest rate hiking campaign dominating the financial markets over the past year and a half, traders have examined each Fed statement for clues of when it will be over.
The hikes have certainly had their impact on the precious metals as well, and with longer-term interest rates surging over the past month, we got a clue that suggests the Fed may actually be done. As Nick Timiraos, who’s affectionately known as ‘The Fed Whisperer’ due to his track record of giving and indication of what the Fed is going to do next before it does it, was suggesting that the market is doing the Fed’s job for it, and that it now may no longer need to do another hike.
Which would certainly come as welcome news in the #gold and silver space, as the metals markets have been eagerly anticipating a conclusion to the hikes, as well as the eventual cuts that even the Fed has discussed via its summary of economic projections. So in today’s show, we talk about the latest news regarding the Fed with Steve Cope of Silver Viper Minerals, and how it’s set to affect the silver and gold markets.
Steve also comments on the ongoing developments in Mexico that are affecting the global silver production, and how the current silver pricing is impacting the world’s ability to meet demand.
So to find out more about what’s going on in the silver world, click to watch this video now!