According to JPMorgan, the market is currently trending toward unprecedented territory for platinum in terms of load shedding and load curtailment in South Africa, with some producers warning..
The liquidity that the Fed is producing is now flowing mostly into the tech sector and the stock market in general. I think it will start leaking into the Commodity Research Bureau Index (CRB).
You have a funny market taking place this week because you have the Juneteenth holiday. On Monday you have different closing times, some markets before noon.
Big gold-futures selling catalysts failed to break down gold to new lows, including another massive upside surprise in monthly US jobs and Fed officials forecasting more rate hikes than expected.
On Monday June 19th is a national holiday, the stock market is closed, and in the stock indices you have a triple witching taking place in a bunch of markets. Just beware. It's going to be a wild day.
It is still pretty early in the daily cycle (#13 today) and they generally run 35-50 days for gold, but I think this one will be a little shorter. This is your opportunity to get onboard!
We are not in a real pause! We maybe alternating rate hikes between meetings. The Fed said that core inflation is not falling sharply. Gold's trend is down, the gold price failed..
Yesterday was the big CPI report. We have a two-step dance here. Left foot in -- that's the CPI -- right foot out, that's gonna be the big boy, that's gonna be the FOMC -- what they do. Then the hop skitch in the center is gonna be the PPI.
