Weekly Wrap 23/05/2025 - Bonds & Gold lead the way. Platinum blasting off?!

Palladium could also be breaking out. Bonds continue to tell us that the health of the financial markets is NOT good! Good news for nuclear and Trump tariff threat continues.

Welcome to the Weekly Wrap.

Housekeeping

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 - A LOT has happened this week. I’ll do my best to summarise in this wrap. For an in depth look at Bonds Yields, DXY et al, then please make sure to read the Weekly Open, which will be out on Sunday.

4 - The referral programme is being altered (there will now be a gold and silver PDF investment guide if you refer just 1 friend to CC) and I will confirm all the final details in due course :-)

Summary of the markets this week

Gold = UP 4.86% ($155.73)

Silver = UP 3.73% ($1.20)

Platinum = UP 10.60% ($104.78)

Palladium = UP 6.78% ($35.59)

Uranium U308 Futures = UNCHANGED at $71.55

Brent Crude = DOWN -0.54% ($0.35)

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%)

Bond Yields

Plenty of news this week. Arguably the most important is the Bond Yield rate. The 10 Year US Treasury finished the week at 4.52% - which was a very slight increase on the previous week.

The US 20-year treasury bond auction was a damp squib. This is why the stock markets declined on ‘no news’.

The Yen carry trade (I will do a Layman’s terms post about this in due course) has the potential to blow up and the bond markets look like they are screaming for help. It’s not just in the USA that this is happening.

Japanese bond yields and European bond yields are also on the rise.

Polymarket keep a close eye on this market and the odds of 10 Year US Treasury Yields going higher have increased since we last looked at the market. You can keep up to date with that market here.

These rises in Bond Yield rates would explain why gold (and Bitcoin to be honest) have been rallying. It seems as though both can smell what is going on and what is coming down the road.

US Nuclear Plans

Trump signed the various executive orders that podcast guest

Robert Bryce

mentioned in our podcast recording this morning. It is no surprise to see that Uranium stocks have been doing well this week as they likely knew what was coming.

In short, these orders will fast-track the development of advanced nuclear reactors and really brings the USA back into the nuclear space.

Trump and the administration are clearly pro-nuclear, and this will likely have a very positive impact on the USA moving forwards.

Energy Independence is crucial (no matter what country you live in) and these executive orders should help to accelerate nuclear growth.

Trump’s Tariffs

This is also the same Trump that came out and threatened more tariffs this morning.

A 25% tariff on Apple was threatened as well as 50% on Europe.

No wonder that we have seen the bond market and bullion (more on that later) go higher as a result.

Podcasts & Posts

This week’s written posts looked at:

Basel III regulations (which have now been pushed back to 2027 in the EU)

Thorium: A Deep Dive

Key coinage laws/acts/events in the UK since 1066

Two fantastic podcasts were recorded this week. The first was with

E.M. Burlingame

and we explored the great 400-year cycle, the English-speaking civilization, various kings, charters, acts of war as well as what lays ahead.

The second podcast was with returning guest

Robert Bryce

. We effectively done a worldwide energy tour Part II and paid special attention to the USA due to the pending executive orders from the Trump administration. Robert also explained why there will be nothing cheap, quick, or easy about the nuclear comeback!

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.

We’ll start the chart deck this week by having a look at Platinum and Palladium. Platinum looks like it is breaking out. Palladium could follow suit.

PLATINUM

Platinum finished the week UP 10.60% ($104.78). That is a beautiful looking weekly candle as well.

Does this mean that Platinum has blasted off? I wouldn’t be so sure on that.

Political tensions between the USA and South Africa were likely the main reason behind the price action this week. Bear in mind that a lot of both Platinum and Palladium are mined in South Africa.

If you have not yet read my deep dive into Platinum, then you can do so here.

PALLADIUM

Palladium finished the week UP 6.78% ($35.59) and the commentary is the same as Platinum i.e. political challenges between the USA and South Africa.

Could Palladium be looking to break out? Maybe but I would like to see more continued price action rather than having a shot in the dark.

If you have not yet read my deep dive into Palladium, then you can do so here.

Now onto Gold, Silver, Ratios, Oil and more…..