This is Macro Voices, the free weekly financial podcast targeting professional finance, high

net worth individuals, family offices and other sophisticated investors. Macro Voices

is all about the brightest minds in the world of finance and macroeconomics telling it

like it is, bullish or bearish, no holds barred.

Now here are your hosts, Eric Townsend and Patrick Sarrezna.

Macro Voices Episode 378 was produced on June 1, 2023. I'm Eric Townsend.

This episode of Macro Voices was made possible by respect energy, a leading European trader

of renewable energy and a one-stop shop for all green energy investors.

The 2023 in gold we trust report is out, so in keeping with Macro Voices standing tradition,

its principal author Ronnie Sturfola returns as this week's feature interview guest.

We'll discuss all things precious metals from the fundamental outlook to the likely

possibility of an even deeper correction than we've already seen so far before the yellow

metal makes an assault on new all-time highs in US dollar terms.

Now in Patric Sarrezna with the Macro Scoreboard Week Over Week as of the close of Wednesday,

May 31, 2023, the S&P 500 was up 155 basis points closing at 4190. We'll take a closer look

at that chart and the key technical levels to watch in the post-game segment.

US dollar index up 34 basis points closing at 10423, the dollar continues to strengthen

off of the lows. The July WTI crude oil contract down 841 basis points to 6809, new rounds

of selling open the window for testing those 2023 lows. We'll look at that chart with

Eric in the post-game segment. Gold up 87 basis points to 1982. Many looking to see

of gold as put in a short-term low, copper up to 125 basis points closing at 364 bouncing

off those recent lows. Uranium up 74 basis points to 5460 continues to hold the breakout

...