Saxo Market Call Trump going soft on tariffs versus the direction of travel
18 snips
Apr 23, 2025 The podcast dives into the implications of Trump's softening stance on tariffs against China and his support for Fed Chair Powell. It analyzes how these shifts might affect US-China economic relations and various markets. Key discussions cover the impact on gold and silver prices, stock market trends, and the transformation of Tesla into an AI powerhouse. Additionally, the hosts explore upcoming corporate earnings and economic indicators, shedding light on how these factors intertwine with the tumultuous landscape of global investments.
AI Snips
Chapters
Books
Transcript
Episode notes
Tariff Softening Slashed Gold Price
- The softening of tariffs and Powell not being fired caused gold to drop from $3,500 to below $3,300.
- This shows how market expectations can quickly shift with changes in political and economic signals.
Gold Rally Needs Correction Level
- Gold's rally to $3,500 was a blowout top likely needing a correction.
- Trump not firing Powell reduced volatility, calming markets and setting a new support level for gold around $3,165.
Silver Could Bounce Back Strongly
- Silver is gaining strength as copper rises and tariff uncertainty remains.
- Historically, a high gold-silver ratio above 100 signals silver catching up, hinting at potential growth in metals.
