September 01, 2022
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Nearly a month after Jerome Powell said, “We have moved to the neutral rate,” the Fed is now singing a different tune. What’s behind the switch? Host Craig Hemke sits down with Sprott Money contributor David Brady to break down all the gold and silver news you need to understand what’s driving the markets.
In this edition of The Monthly Wrap-Up, you’ll hear:
- what’s really motivating the Fed
- why emotion is the death of wealth
- plus: when gold and silver will go up “like a catapult”
“It’s all about financial conditions from [the Fed’s] perspective. What they’re trying to do is reduce inflation. And after that FOMC meeting and what he just said—which, you’re absolutely correct—the stock market turned up, in a big way, and you had risk on. And they looked at that and went, ‘Wait, hold on a second. This is defeating our goal. So, we need to pivot back to more hawkish rhetoric.’ Now it’s interesting, at the recent Jackson Hole, that Powell only took eight minutes to make his speech… My two cents on that was: he didn’t want anything misinterpreted.”
To hear David’s full thoughts on this month’s gold and silver news, listen here:
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