David Morgan examines a volatile week marked by rising inflation, surging oil prices, and growing concerns over the enormous debt financing artificial intelligence.
Gold and silver declined as stronger-than-expected inflation raised expectations of another Federal Reserve rate hike. Meanwhile, oil approached $110 per barrel amid renewed Middle Eastern supply disruptions, threatening to drive inflation even higher.
Mining company updates reinforced the importance of production performance, cost control, and financial discipline. Morgan also questioned whether the trillions being invested in artificial intelligence will generate sufficient cash flow to justify the mounting debt.’
The central message: Short-term market volatility does not change the longer-term concerns surrounding government debt, currency stability, and inflation. Morgan continues to emphasize physical precious metals for wealth preservation, alongside carefully selected mining and royalty investments backed by strong financial fundamentals.
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