Good Morning. Today is June 17, 2023.

This is Bullion Baron, the weekly precious metals newsletter that delivers your news in sun, sleet, rain, or snow.

Here’s what we got for you today:

1. World War Tensions - Ukraine Update

2. Gold Prediction

3. Consumers Remain Wary

The Baron's Investment Forecast

Link to forecast methodology.

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Ukrainian Forces Continue Counter Offensive

Ukrainian forces are advancing in Eastern Ukraine. Ukraine describes the battles as extremely fierce while Putin claims that Ukraine has made up no ground. That story is here. 

Many remain skeptical about the US spending money to support the Ukraine amid its own debt dealings. That story is here. 

As War tensions continue to mount, savvy investors continue to purchase gold.

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Gold Predictions Update

With the fed declaring that rate cuts are still a few years out, many experts continue to emphasize strategic gold holdings. At this moment, gold growth is flat. That story is here.

Gold buying is not perfectly aligned with announcements and sometimes trails information.

The bottom line: Strategic holdings in gold make sense.

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FOMO Announcement - Consumers remain wary

BB’s key takeaway from the FOMO announcement on June 14, 2023 is as follows: “Tighter credit conditions for households and businesses are likely to weigh on economic activity, hiring, and inflation. The extent of these effects remains uncertain. The Committee remains highly attentive to inflation risks.”

That story is here. 

Many smart investors are still highly concerned about a market correction and even a recession later this year.

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Do you remember when?

Here's a little 1950's nostalgia:

“Aces in every color!”

-Keds

On this day in history:

1775: The Battle of Bunker Hill.

1812: The war of 1812 began.

1983: The launch of the first female American in space, Sally Ride, begins.

1994: OJ Simpson arrested.

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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.