Liberty and Finance's Elijah K. Johnson asked me for my take on the macro setting for monetary metals and commodities, starting with the resurgence of trouble in the US banking sector. I am not predicting the next 2008, but if Powell and Yellen admit that it's a problem, it seems likely that the situation is worse than those on the happy parade on Wall Street think. That has clear implications for gold and silver, and a different implication for industrial and energy minerals—except uranium.
01:36 Powell & Yellen speak
04:38 Economic data
09:03 Bank Term Funding Program
13:00 Gold & Uranium
23:37 Gold's mainstream attention
30:10 Independent Speculator