Craig Hemke – Outlining The Macroeconomic Data That Matters To The Markets And Precious Metals
Craig Hemke, Editor of the TF Metals Report website, joins us to review the macroeconomic data that matters to the general markets and precious metals sector. We start off getting a review of the prior jobs reports and his outlook for the NFP data coming out tomorrow morning. Next we shift over to the importance of inflation trends we’ve seen and what could change up the narrative where many investors are all piled on the same side of the boat, with the same expectations. We also dive into the Commitment Of Traders (COT) positioning and what that may indicate for gold and silver price action in the near to medium-term.
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This fall is going to be a wild ride! Optimistic on Gold and Silver as well; while watching Platinum and Uranium closely too.
Inflation stats in line/the US savings rate is down to just 3.5%/DG the retail disaster du jour/Labor market
Peter Boockvar – The Boock Report – August 31, 2023
“The PCE inflation data for August was as expected and because it comes weeks after CPI and PPI, usually doesn’t deviate much from forecasts. Both headline and core were up .2% m/o/m and the headline y/o/y increase was 3.3% vs 3% in July and the core rate was up by 4.2% vs 4.1% in July. Again, the PCE overweights healthcare relative to CPI while underweighting housing. No change today in the 5 yr inflation breakeven with the data in line with what was forecasted.”
https://peterboockvar.substack.com/p/inflation-stats-in-linethe-us-savings
Freaky Friday Again 👻
DXY day…successful break and retest on low volume of the up channel lower trend line on Thursday…glta
Speculation has gone too far in The United States, the markets are in an unhealthy condition. We are now in the month of September and most crashes have come in The September-October timeframe. The United States is no longer a prosperous country as it once was. The last twenty years have brought about a lot of financial damage to pretend otherwise is to stick your head in the sand.
The stocks of precious metal companies are at record lows and still there are no buyers, the smart money knows that if we have a crash in the next two months the price of the stocks we are now seeing will be on sale, the bottom will fall out of everything. DT
Ditto
The People are clueless
Banks are closing accounts of coin shops….
What ???
Check out on utube ,….
I would post the article, but I am working with a new phone
“I did nothing wrong. I followed all the rules”.
https://www.bitchute.com/video/LJW8yACeo3Ba/
It isn’t just coin shops.
Brooks Agnew (not a coin dealer) had his PayPal account closed and funds frozen, possibly permanently. This happened a couple years ago; Brooks attributes the reason being he voted for the “wrong” party.
For those who don’t know who Brooks Agnew is:
https://writers.coverfly.com/profile/writer-fb6f9373a-99235
Thanks for the update
Cautiously Optimistic on Gold and Silver
David Brady – Sprott Money – August 31, 2023
“The Interplay Between Economic Data and the Outlook for Precious Metals. It appears that economic data is not what it once was…”
https://www.sprottmoney.com/blog/cautiously-optimistic-gold-silver