Casual Gold & Silver stackers freaking out until the next intervention. Meanwhile they’ll let this opportunity pass them by too. Look out for CPI tomorrow - could be an opportunity for the smart and brave amongst us.
Is $100 Silver by December likely? I discuss that in my video today, which will premiere at 10 a.m. New York time with a live chat on YouTube.
Please join as I go through all the important information from this week and show you what I expect for Gold & Silver moving forward.
We’re giving away 1 gram of gold every 5 minutes starting NOW!
@Summit_Metals marathon livestream is crazy. You’ve got 1 hour to capitalize on this givy!
Link in the comments 👇
Enjoy the Gold & Silver pullback while it lasts (at already higher levels than in July. The market reacts to the first headline number - real decision makers are also taking revisions into account.
As I said earlier!
The most unreliable Macro print we have.
Now wait for the massive revisions - which nobody focuses on.
For comparison take a look at the table below.
The initial print - and the Final revision print.
And I can promise you that the economy is not generating 162K jobs per month.
The drop is the NFP reaction, not some random dump.
August U.S. nonfarm payrolls just printed +162,000 vs consensus around ~56,000. Unemployment stayed at 4.1%. That is a large beat after July’s weak/negative print.
Why gold sold off ~$100:
• Stronger labor market = higher odds the Fed hikes (or stays hawkish) at the Sep 15–16 meeting.
Get $15 in credit when you sign up for WhatNot with Summit’s link - use it to buy Gold & Silver.
They’ll be selling American Silver Eagle’s at spot on the stream and giving away Gold & Silver every 5 minutes. It’s worth checking out.
Coming live at 10 pm MST or 12 midnight EST Sept 2nd. We are going to change the way people buy precious metals LIVE!! Over 1 Metric ton of metals on the move. Make sure to bookmark the show.
I had a nice interaction with @garysavage1 on YouTube. Keep this in mind over the next few days. October still looks amazingly bullish as I said in my June 21st YouTube video!
The rubber meets the road soon for the Fed & the US Treasury!
I had a nice interaction with @garysavage1 on YouTube. Keep this in mind over the next few days. October still looks amazingly bullish as I said in my June 21st YouTube video!
The rubber meets the road soon for the Fed & the US Treasury!
This Gold & Silver pullback is an IQ test!
It’s a test to see how many times the market will buy the same lie & a test for people who were too afraid to buy the last pullback!
I will break down the details tomorrow & lay out the case of why the market is wrong on metals again!