Weekly Wrap - 09/05/2025 - Fed Holds, BoE cuts, Gold stands firm, DXY to likely go up

A new pope, US/UK 'Trade Deal', Spain attacking cash withdrawals, bonus audio & 3 excellent podcasts recorded. Let's dive in!

Welcome to the Weekly Wrap.

Summary of the markets this week

• Gold = UP 2.65% ($85.92)

• Silver = UP 2.25% ($0.72)

• Platinum = UP 3.52% ($33.89)

• Palladium = UP 2.62% ($24.89)

• Uranium U308 Futures = UP 0.93% ($0.65)

• Brent Crude = UP 3.65% ($2.27)

• Dow Jones = DOWN 73.1 points (0.18%)

• Nasdaq = DOWN 55.15 points (0.26%)

• S & P 500 = DOWN 28.94 points (0.51%)

Housekeeping note = The US Major Indices will still get a mention in the Weekly Wrap, yet the charts will be shown (along with DAX, FTSE, Hang Seng & Nikkei) in the Weekly Open newsletter moving forwards.

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Bonus audio for this week’s events in brief

This covers:

• The Fed holds rates

• BoE cuts rates

• US/UK ‘Trade Deal’

• Theatres of war

• New pope

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Spain attacks cash withdrawals

Draconian measures such as the one in the photo below suggest, to me, that the current system as we know it is on its last legs.

All jokes about Spain’s energy policy aside (no energy = no cash withdrawals anyway), it is these sorts of draconian measures that should make you really think about what is going on in the world. If we are looking to get out of the system then gold, silver, platinum and bitcoin seem like reasonable ways to keep ourselves out of tyranny’s way.

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Podcasts & Bonds

There was a Layman’s terms post about Bonds at the start of the week. Thank you again for the feedback provided and if you have not read it then please do so below.

3 excellent podcasts were recorded this week. Thank you to

Tim Price 😃

,

Matt Smith @ Crisis Investing

and Steven Hochberg at Elliott Wave International.

Elliott Wave International are kindly offering Contrarian Capitalists a special $11 introductory offer to their flagship Financial Forecast Service. You can take advantage of that by clicking on this text

Steven Hochberg also shows compelling information as to why the DXY should rebound and then move higher i.e. the USD is going to get stronger. This is important to bear in mind as this would then likely have an impact on precious metals prices!

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We started last week by looking at both Brent Crude and Copper and we shall do the same again this week. I would recommend that you listen to the latest MacroVoices episode with

Erik Townsend

and Dr

Anas Alhajji

, as they drill down into all things Oil, including:

• OPEC+ Production Increase & Market Reactions

• Media Misinterpretation

• Impact of Hajj & Summer Demand

• Trump’s Visit & Oil Politics

• Long-Term Outlook for Oil & LNG

You can listen to that episode here. I am also in very early talks with Dr Alhajji about a potential appearance on The Contrarian Capitalist podcast.

BRENT CRUDE

As per the podcast mentioned above, this move probably caught people off guard but it should not have done. Brent Crude pretty much rose all week! Daily and Weekly Charts below.

COPPER

Copper finished the week up $56.30 per tonne.

Now onto Gold, Silver, Gold Silver Ratio, Platinum Gold Ratio and other commodities charts….