Weekly Wrap 30/05/2025 - Trump's tariffs twists & turns, trade talks stall (or do they?) & gracias Elon Musk!

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Welcome to the Weekly Wrap. We will start with a quick recap of the new referral programme that is now in place. There is also an audio this week in order to condense the various events that have taken place.

New Referral Programme

Refer 1 friend, then you will 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-month 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.

Summary of the markets this week

Gold = DOWN 1.92% ($64.30) - but highest ever monthly close!

Silver = DOWN 1.80% ($0.60)

Platinum = DOWN -3.33% ($36.38)

Palladium = DOWN -3.02% ($30.08)

Uranium U308 Futures = UP 0.21% ($0.15)

Brent Crude = DOWN -2.94% ($1.89)

Dow Jones = UP 667 points (1.60%)

Nasdaq = UP 425.33 points (2.03%)

S & P 500 = UP 108.85 points (1.88%)

Audio covering Trump/Musk/DOGE/Trade talks, housekeeping and musings from the week just gone

Other useful articles and their links

Trumps Tariffs

Trump Tariff Analysis by BBC ‘‘Verify’’

Musk + DOGE

Live Musk Exit

US/China Trade Talks Stall

Market Dump and Pump

Donald Trump can still enact these tariffs in several ways. One such way would be Section 232 of the Trade Expansion Act of 1962. This is how he tariffed steel and aluminium imports during his first term.

Regardless of what happens here, it seems as though new All Time Highs (ATH’s) are very likely to happen. This does not disguise the fundamental underlying issues that exist at the moment.

It will just make the fall a lot harder for many!

War

This is probably the ghastliest video I’ve seen recently.

There was also a post on X showing potential Russian nuclear attacks and how long it would take the missiles to reach their targets i.e. Berlin, London etc.

Unfortunately, I have not been able to find that image.

The point of this is not to glorify war but is to show that these things could happen and that people are thinking about them.

If they happen and you do not have Plan B in place (or are not living your Plan B) then it could be too little too late.

The EU wants and craves a hot war. If you have the option to get out of there, then I would highly recommend that you do! There are plenty of countries that can offer temporary (or permanent residency) fairly easily i.e. Mexico, Paraguay etc.

Podcasts & Posts

This week’s written post looked at:

7 key takeaways of the recent In Gold We Trust Report

2 podcasts were recorded this week. Clem Chambers dived into the 3 key drivers of Bitcoin, 1 key driver of Platinum and also touched on a wide range of subjects including commodities, war, finance and geopolitics.

Mike Qu joined me for a wonderful chat about 3 Superb Plan B & Birth Citizenship countries right now.

Even if you are not family planning at the moment, you will still find this conversation incredibly insightful!

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.

NB - The MAY MONTHLY WRAP was recorded just after the opening bell on Friday 30th May 2025 with

LiveSquawk Commodity Corner

. This will be in your inbox on Saturday 31st May 2025.

We’ll start the chart deck this week by having a look at the Platinum and Palladium charts. After a little breakout last week by Platinum, this week’s price action went in the other direction.

This does not mean that the bull case is over for Platinum, far from it! I would recommend listening to the podcast episode with Clem Chambers as he explains the potential for Platinum in very good detail.

It seems to me that we are going to see a broader trading range for Platinum moving forwards but would certainly not be taking this week’s price action to heart.

PLATINUM

Platinum finished the week DOWN -3.33% ($36.38)

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

PALLADIUM

Palladium finished the week DOWN -3.02% ($30.08). Palladium is just following Platinum at the moment, albeit in a tighter trading range.

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

Now onto Gold, Silver, GSR, Platinum to Gold, Palladium to Gold ratios, Brent Crude and more…..