In this episode we analyse why gold has fallen back from its peak despite recent US banks collapsing, we look at the reasons behind the Fed rate hike and why banks will be forced to raise rates, leading to more pressure this tightening cycle. Time Stamps     1:00 – The gold trade isn’t crowded despite gold’s run 3:55 – Traders didn’t want to be short gold with the swirl of news flow    5:25 – Au lost momentum at US$2,000, support remains above US$1,900 10:45 – Litigation in the pipeline          12:10 – Substantial short covering in silver 15:55 – The Fed couldn’t increase rates by 0.50%…but they couldn’t do nothing either 25:55 – Tightening isn’t just being driven by the Fed 26:30 – International outlook weighs on Aussie dollar 29:22 – Gold and the global economy over 2023