W/C 31st Mar - Liberation Day. Will Gold get revalued on 2nd April?

Plus prepare for more tariff turmoil and market indecision in the week ahead

As usual, my apologies if any data and/or information has changed as a result of Asian/early European trading.

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Plenty to look forward to this week. The new MONTHLY WRAP will be published after market close on Monday 31st March, which is also the end of Q1. Thus far Gold and Silver have been the best performing asset class!

Trump has signalled that 2nd April 2025 will be ‘Liberation Day’ in the USA. A lot of talks are about tariffs (and rightly so) yet there is potentially something else brewing under the surface.

The following is from the US Mint website:

On April 2, 1792 Congress passed the Coinage Act, establishing the first national mint in the United States. During the Colonial Period, monetary transactions were handled using foreign or colonial currency, livestock, or produce. After the Revolutionary War, the U.S. was governed by the Articles of Confederation, which authorized states to mint their own coins. In 1788, the Constitution was ratified by a majority of states and discussions soon began about the need for a national mint.

Is it possible that on Wednesday 2nd April 2025, Gold in the USA is actually revalued? It’s a longshot but I would not personally rule it out. Watch this space!

You can also read more about the Coinage Act here

GOLD

Gold had a very good week last week and is likely going to have a positive week this week due to everything mentioned above. The RSI is also strengthening. This is normal and can consistently happen in bull markets.

SILVER

Mr Slammy showed up on Friday and this is reflected in the very slight downtick in RSI on the daily chart. The Weekly chart is similar to gold (albeit not as strong) and the week ahead could be monumental for silver.

There are some potentially ominous signs for the US Indices including a weakening HYG and strengthening VIX……