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It Will All Come Out in the Warsh
And here we thought we were going to be talking about gold again this week. The yellow metal certainly did its part to stay in the limelight, blitzing to a fresh record high of above $5,500/oz—more than doubling from a year ago—before promptly reversing almost 14%, and ending the week back down below $5,000. Those swings looked positively calm beside the whipsaw action in silver and natural gas, not to mention the important 5% weekly rise in crude oil on Iran tensions. But the high drama across commodity markets gave way to Friday’s news that Kevin Warsh was tapped by President Trump to become the 17th Chair of ... (full story)
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