Podcast: India Hoards Silver; Massive Disconnect In Stocks & Metals

Money Metals Exchange - Welcome to this week's Market Wrap Podcast, I'm Mike Gleason.

Coming up we'll hear from Steve St. Angelo of the SRSrocco Report. Steve talks about some promising developments with states reasserting their rights to make gold and silver legal tender. And don't miss his outlook for oil and precious metals - and the possibility of some real fireworks in the markets - some nice, some not so nice - later this year. Don't miss my interview with Steve St. Angelo, one of the most respected analysts in the field. coming up in just a moment.

Well, this week raging culture wars and a big Supreme Court decision overshadowed the financial markets.

On Thursday the Supreme Court rescued Obamacare from potential oblivion. The 6 to 3 majority essentially re-wrote portions of the law that Congress had botched pertaining to health insurance subsidies. Writing on behalf of the majority, Republican-appointed Chief Justice John Roberts decided that the law should reflect Democrats' broad intentions. Because lawmakers didn't intend for health insurance markets to implode, the actual law they wrote shouldn't be interpreted literally. Because, you know, doing so might bring about Obamacare's implosion.

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