Good Morning. Today is May 13, 2023.

This is Bullion Baron, the weekly precious metals newsletter that puts you in the driver's seat.

Here’s what we got for you today:

1. Economic Update

2. Gold - Recession Update

3. World Tensions

4. Big Bank - Update

The Baron's Investment Forecast

Link to forecast methodology.

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Economic Update

Here are the take aways: U.S. CPI was 4.9% when 5% was expected. Stocks are mixed. Currency markets are relatively steady and the global shares index turns positive. That story is here.

With all this being said, stocks on a broad scale remain a mixed bag. A smart investor will continue to hedge their bets in secure assets like gold.

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Gold Remains Strong

As global economic uncertainty remains strong and fears remain present regarding another recession, gold buying and those prices remain strong. That story is here.

Many remain bullish that gold will hit $2,100. That story is here.

In any event, gold as a hedge against other investments remains a strong and viable option for investors.

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World Tensions US - China

The US and China have been meeting to discuss the war in Ukraine and other global security issues. That story is here.

As BB has pointed out over the last several weeks, the US needs to keep their eyes on China's roll in the world and specifically, their impact on regional conflicts.

Watch this space.

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FDIC Asks Big Banks for Payback

The FDIC is asking banks to pay for the failure of other banks. That story is here.

We've chronicled ongoing banking concerns over the last several weeks. Big banks continue to be a big concern for smart investors.

Do not rely on banks. Hedge your bets. Control your destiny.

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Do you remember when?

Here's a little 1950's nostalgia:

"You’ll wonder where the yellow went when you brush your teeth with Pepsodent"

On this day in history:

1981: Pope John Paul II survives an assassination attempt.

1934: Great dustbowl storm sweeps across American prairies.

1941: Helicopter makes first cross country flight.

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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.