Liberty and Finance, Released on 5/17/23
Bullion banks are likely extremely net-short at the moment. Typically, this short position would signal lower prices ahead. However, head of research at GoldMoney Alasdair Macleod says this time is likely to play out differently. Because banks are experiencing an outflow of deposits and are needing to reduce leverage, some traders may be pressured to close short-positions.
1:55 Debt ceiling
12:43 Mortgage rates
29:09 Gold: investment or savings?
45:00 Miles Franklin
Alasdair Macleod is head of research for GoldMoney. Alasdair has been a celebrated stockbroker and Member of the London Stock Exchange for over four decades. His experience encompasses equity and bond markets, fund management, corporate finance and investment strategy. Read Macleod’s writing: https://www.goldmoney.com/research.