This is Macro Voices, the free weekly financial podcast targeting professional finance, high net worth individuals, family offices, and other sophisticated investors.

Macrovoices 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 Suresna. Macrovoices episode 480 was produced on May 15th, 2025.

I'm Eric Townsend.

Gavcal co-founder, Louis Vincent Gav, returns as this week's feature interview guest.

Louis and I will discuss the Trump tariffs, what they mean for markets, China, precious

metals, and much more.

And I'm Patrick Suresna with the macro scoreboard week over week as

of the close of wednesday may 15th 2025 the s mp 500 index up 464 basis points training at 5892

markets beat the march highs after two weeks of holding above the 50-day moving average.

We'll take a closer look at that chart and the key technical levels to watch in the post-game segment.

The U.S. dollar index up 197 basis points, trading at 101.89.

Monday's rally had to directly test the retracement zone of the April sell-off.

The question, will the U.S. dollar re-resume and sell off? The June WTI crude oil contract up 909 basis points, training at 6315.

The low bounced off the previous support leaving the question if the double bottom is in.

The June R. Bob gasoline up 5 545 basis points, training at 2.13.

The June gold contract down 551 basis points, trading at 3188.

After a double top retest, we have the first breakdown below the 50 day since December. The July copper contract

up 65 basis point, trading up 465, uranium up 251 basis points, trading at 7155 as the positive

price action continues. The U.S. 10-year treasury yield up 27 basis points, trading at 4.54,

a material breakout in yields toward the April highs. The key news to watch this week is the

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