Weekly Open - 26/05/2025 - 50% EU tariff to be implemented? US middle class thrown under the bus by recent budget!

US 10 Year Treasury Yield at 4.51%. UK 10 Year Gilt at 4.77% (and likely to continue to rise) + the Big Beautiful Bill and what this means for gold, DXY and other markets moving forwards

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

Housekeeping (Including a new referral system)

1 - The new chart deck will continue to be used this week. Thank you for your feedback as people have said that they find the white background charts easier to read.

2 - I’ve altered the format ever so slightly in the hope that it makes the long form written content also easier to read.

3 - The referral programme is being altered but there have been some teething issues. In short, if you are a subscriber (free or paid) and refer 1 friend then you should automatically receive a free 14-page guide to gold + silver investing.

Refer 3 friends and get 1-month complementary subscription.

Refer 5 friends and get 3 months complementary subscription.

If you had already referred a friend(s) then you should have automatically received the referral awards. If there are any issues, then please do DM me and apologies in advance if there are teething issues as a result of Substack.

Bonus Audio covering The Big Beautiful Bill, what it means for Gold, is Platinum actually breaking out and the breakDOWN of the DXY

You can read more about the Big Beautiful Bill here

The 50% EU tariffs are more than likely just noise. Polymarket seem to agree with this sentiment as there is currently only a 26% chance of the tariff being implemented before 1st June 2025. You can follow that market here.

Summary of the major indices last week

DOW JONES = DOWN -1,051.67 points (2.47%)

NASDAQ = DOWN -512.29 points (2.39%)

S & P 500 = DOWN -155.54 points (2.61%)

DAX = DOWN -137.85 points (0.58%)

FTSE 100 = UP 33.39 points (0.38%)

NIKKEI = DOWN -1,135 points (2.99%)

HANG SENG = UP 256.21 points (1.10%)

Major Indices Chart Deck

DOW JONES

NASDAQ

S & P 500

DAX (Germany)

FTSE 100

NIKKEI (Japan)

HANG SENG (Hong Kong)

Podcast + Posts

Podcasts are scheduled with Mike Qu (from My Birth Abroad) and also Clem Chambers (Gold, Bitcoin & more).

The May Monthly Wrap with

LiveSquawk Commodity Corner

will be recorded on Friday 30th May and sent out on Saturday 31st May 2025.

Therefore, you will have a Weekly Wrap on Friday 30th May and then the May Monthly Wrap on Saturday 31st May 2025.

ALL podcasts are released to PAID SUBSCRIBERS first. To gain early access to all podcasts before the general public (and other benefits too) then please consider becoming a paid subscriber by using the button below.

Moving on and let’s have a look at Treasury Yields, Gilts, DXY, VIX and HYG……