The Fed and central banks can breathe a sigh of relief as the markets are closed on Good Friday. However, the banking crisis that started last month is getting worse by the day. Even though the Fed says it has tools to solve the banking problem… they are completely FOS…
Investors are more than ever concerned about the stability of the U.S. and global banking system. While the Fed and central banks have calmed the markets by propping up failing banks temporarily, we saw both Gold & Silver Break Out of important levels today.
Unfortunately, the worse is yet to come with this Banking Crisis. And, while the Federal Reserve believes it has the tools to manage this crisis, they are making the same mistakes as they did in 2008. This could have profound implications for the markets and the precious metals…